Written by DR
Are you on your way to becoming a millionaire? For some the thought of having a million bucks seems ridiculous. But the fact is that becoming a millionaire is simple, even on a modest income. If you have the discipline, building your net worth up to a million dollars or more takes nothing more than time. If you do not have the discipline, then even a $100,000 job will not help you reach a seven figure goal.
You’ve probably seen the show, Who Wants to be a Millionaire? Believe it or not, it is easier to become a millionaire in “real life” than it is on TV. On the TV show, you have to know a lot of trivia to reach the million dollar mark. Few have the memory or desire to stuff their heads with the information one would need to answer all 20 questions. But in real life, becoming a millionaire is not about how smart you are or whether you have a college education. Becoming a millionaire is about the simple, daily choices we all make. So with that, let’s see whether you are a millionaire in the making. Read the rest
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Written by DR
Successfully managing your money comes down to one thing–control. For all the things we talk about here at The Dough Roller from retirement to investing and taxes to credit cards, financial freedom and sound money management come down to whether you control your money, or whether it controls you. As I’ve often said, the good news is that sound, wealth-building money management is simple. The reality check, however, is that managing your money, while simple, is not always so easy.
Two things make managing money difficult. The first is that for most of use, we always want more. We often see contentment not in who we are or what we do, but in what we have. The result is constant pressure we put on ourselves to have more. The second thing that makes controlling our money difficult are the endless issues and options when it comes to money. How much do we save for retirement and where do we invest it? How do we track our spending each month. Should we buy or rent a house? How much life insurance should we buy? The financial decisions we are called upon to make can feel overwhelming.
While no single article can cover every money management issue, in this Easy Guide to Money Management, we’ll look at 10 simple and easy to follow tips and tricks to help us better manage our money. Read the rest
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After a tense week of negotiations, the House of Representatives has put out a 110 page draft of the bailout bill, called the Emergency Economic Stabilization Act of 2008. Events leading up to the bill included late night calls to Warren Buffett to get his take on the crisis and the consequences if the Bush bailout bill was not passed. “We are looking over a precipice in terms of the economic condition of the country for the next few years,” Buffett said during an interview on the Fox Business Channel. “If Congress doesn’t help us on this, heaven help us.” So let’s dive into the bailout plan and see exactly what it does, what it will cost, and whether it will work. Read the rest
