Create a net worth statement - add up all your assets, then see how close you are to where you want to be when you're 65. |
From this day forward, do not charge anything on the credit card that cannot be paid off at the end of the month. |
I don't think it prudent to completely stop working with this kind of nest egg and feel comfortable that, no matter what happens to the market, my health or the economy, I've got enough to live on for the next 20 years, |
I see lots of emotion in her financial decisions, ... This will hurt her in the long run. |
I think a realistic approach is 10.5 percent to 11 percent, ... That's the long-term average. |
I think that strategy is generally incorrect, ... In some cases, depending on your age and what you're earning on your assets, it's OK to spend some principal. |
I'm not saying this is good, but it is more accurate and provides a clearer picture of what's going on. |
If you add this chemical to that chemical, you will get this result. |
If you just keep going up, you lose your perspective. It just helps remind people. It gets their head straight. |
Make sure the distribution of your assets is right for your particular goals, that your risk versus return is an appropriate tradeoff, and that the same people are managing your mutual funds. |
Mr. Vogel seems rather cavalier when it comes to issues his heirs will face should he die unexpectedly, ... Aren't these the very people he cares the most about? |
Reach out to other people who are affected in a less personal way, both professionals and good friends, ... They can help you sort out your thoughts. Try to avoid irreversible decisions, such as selling your house, quitting your job, or selling off large portions of investments. |
That doesn't factor in mortgage costs, but they wouldn't reduce those returns dramatically either, ... Of course, when prices are falling, leveraging can work in reverse. But that's infrequent with real estate. As long as you can service the debt, I think you're better off with the mortgage. |
That doesn't factor in mortgage costs, but they wouldn't reduce those returns dramatically either. Of course, when prices are falling, leveraging can work in reverse. But that's infrequent with real estate. As long as you can service the debt, I think you're better off with the mortgage. |
The debt-free mentality is largely the product of emotion - how nice it would be to never make a mortgage payment again. Good debt gives you some leverage that helps you increase your net worth. |