December 2007

2008 Predications

Posted by on December 20, 2007 in Investment Advice

This is my last post of 2007. I am taking an early holiday to rest up (I have had a cold all week), enjoy the family, retain water and watch a lot of meaningless college football bowl games. Before I write on 2008 predications, I wanted to thank everyone for reading and commenting this year [...]

What Does It Feel Like to Own Your Own Business?

Posted by on December 19, 2007 in Misc.

Millionaire Mommy Next Door ran a survey recently in which her readers wanted more topics on entrepreneurship so I thought I would piggy-back on her findings (thanks Millionaire Mommy Next Door) and blog on some aspects of being an entrepreneur from a personal and finance perspective. For 4 years, I ran a business advising businesses [...]

Financial Goal Planning

Posted by on December 18, 2007 in Misc.

I wanted to end the week jumping onto the goal planning posts out in the blogsphere. There is even a carnival of financial goals. Obviously, all this goal planning has to do with a new year coming up but why now start now? If you can stick to your goals during the one of the [...]

Gift Cards: Do You Know Your Rights?

Posted by on December 17, 2007 in Investment Products

Gift cards, as opposed to gift certificates, are plastic cards issued by retailers with cash “charged” on the card. Once the cash is used up, you recycle the card; in most cases, the excess value of the card cannot be redeemed for cash unlike the balance of an unused gift certificate (see below for more [...]

3 Tips on Dealing with your accountant/lawyer/investment advisor

Posted by on December 12, 2007 in Misc.

Yesterday, I wrote on tips on finding a good accountant/lawyer or investment advisor. Today, I wanted to discuss 3 tips on the best way to work with your advisors. Not only will you be able to save money but you may get some great practical advice. Build a relationship. The best way to get poor [...]

5 Tips on Finding a Good Accountant/Lawyer/Investment Advisor

Posted by on December 11, 2007 in Misc.

Far be it for me to think about 2008 already but what are you doing about your taxes, wills and money?  People tend to look for accountants, lawyers and investment advisors too late in the cycle. Accountants have NO time for you come January 15 given they go into tax season and investment advisors are [...]

Is Being “Right” and Being Happy the Same Thing?

Posted by on December 10, 2007 in Misc.

If there is one consistent with human nature it is that we like to be right and we construct our world view to confirm to this belief. Now, most of us think “what’s so wrong with being right?” but being right sometimes really works us in the long run. Let me give an examples to [...]

Practical Personal Finance Tips

Posted by on December 6, 2007 in Misc.

I wanted to end my week of posting with some nuggets of wisdom some people have given me lately and that I wanted to share with you. Thanks to those who provided this to me. I’ll be tied up on Friday so have a great weekend. When buying a house in a desirable neighborhood most [...]

Investing in Real Estate with Other People

Posted by on December 5, 2007 in Real Estate

I have begun very preliminary talks with several people to pool our money and purchase an investment property (with the emphasis on preliminary). There are three of us so far with the possibility of a fourth; they are all great people who I have had business dealings first and then becoming friends out of business [...]

Are You Buying What You Use?

Posted by on December 4, 2007 in Investment Products

Have you ever wondered why an investment advisor recommends a particular stock? Large investment shops have research departments who crank out mountains of research and advise internally to their sales staff which stocks to push and which to avoid. I use to be on a mailing list which had “for internal use” only notations which [...]