Comments for Mac's Blog

Comment on Roth Conversion —Medicare Cost Impact by MAC

MAC — Wed, 01 Sep 2010 13:21:28 +0000

$1,500 in todays financial evironment depending on your other circumstances may place you in a difficult financial situation. Although it may be difficult you must learn financial discipline with even the meanest of incomes. One out standing book provides the key to the success secrets of the Ancients-George S. Clason’s book The Richest Man In Babylon. The key to fincial success according to the book is to first pay your self and to do it with a set percentage each and every month for life. Clason’s book recommends 10% but at this point that may not be possible, so select a percent that is possible. 5% per month is $900 per year and due to what Einstein called one of the wonders of the world, compounding, if you never increased the amount but was earning 5% per year tax deferred by the end of 25 years you would have $45,102. The key is to get started and as your income grows increase the percent.

The only disagreement I have with Clason is paying me first. As a man of faith I believe your first payment must go to the Lord. I know that most believe that amount should be at least 10% and while that is notable it just may not be possible now. Select the percent, perhaps equal to what you pay your self but do it every month and as with paying yourself grow the percent as your income grows. By doing both you will become disciplined and amazed at how far your income will go. As your savings grow you will experience a good bit of pride at your accomplishment.

Comment on Certificates Of Deposit- Generally: by jeff cavaliere

jeff cavaliere — Sat, 28 Aug 2010 00:46:33 +0000

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Comment on Certificates Of Deposit- Generally: by craig ballantyne

craig ballantyne — Fri, 27 Aug 2010 22:13:33 +0000

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Comment on Certificates Of Deposit- Generally: by vince delmonte

vince delmonte — Fri, 27 Aug 2010 21:25:40 +0000

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Comment on Certificates Of Deposit- Generally: by Sherry

Sherry — Fri, 13 Aug 2010 15:42:22 +0000

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Comment on Can These Retirements Be Saved? by money easy

money easy — Fri, 13 Aug 2010 05:10:28 +0000

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Comment on Certificates Of Deposit- Generally: by Tracy

Tracy — Thu, 12 Aug 2010 18:24:32 +0000

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Comment on Retirement Funds; Long or Tall by finance personal software

finance personal software — Wed, 11 Aug 2010 14:52:56 +0000

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Comment on Retirees Snared by Medicare by personal finance software

personal finance software — Tue, 10 Aug 2010 18:54:51 +0000

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Comment on Retirees Snared by Medicare by finance personal software

finance personal software — Tue, 10 Aug 2010 15:01:28 +0000

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