SUZE ORMAN’S 2009 ACTION PLAN

By Molly Greaves

New York Times best-selling author and one of our nation’s go-to experts and on financial matters, Suze Orman believes that 2009 is a critical year for your money. And I completely agree with her, which is why this weekend I sat down and read her book, 2009 Action Plan: Keeping Your Money Safe [...]

When YOUR neighbors buys a Jaguar…

By Molly Greaves
If one of your neighbors buys a Jaguar, it looms larger in your mind that the mini-van that your friends and other neighbors drive.
I know this sounds crazy, but I offer you some unconvential advice: if your high spending pals are a problem, find some new ones. That doesn’t mean cut them off, [...]

It’s because it’s not what you make, it’s what you keep.

by Molly Greaves
I could walk into Neiman’s and buy pretty much anything I wanted. But I would NEVER do that.  Since I wasn’t born rich, I advocate moderation and discipline as a way to build wealth. It’s because it’s not what you make, it’s what you keep.
I’m talking about cutting back on little extravagences that could [...]

Study: Most middle-class retirees WILL OUTLIVE savings

By Molly Greaves
I am a proud subscriber of the Austin Business Journal, and wanted to pass along this posting today that I found…
Monday, July 14, 2008 – 12:38 PM CDT

Study: Most middle-class retirees will outlive savings
Austin Business Journal

Almost three out of five new middle-class retirees will outlive their financial assets if they keep up their [...]

Why a Pre-Mixed Portfolio/Target Date Portfolio?

By Molly Greaves
These portfolios are becoming more and more popular. The wonderful thing about them, is that you only have to decide on ONE thing: When are you going to retire? They’re especially great for people that dont understand how to choose their own funds, but understand the importance of investing and still want to be able [...]

INFLATION–Current Rate AND Keeping YOUR Purchasing Power…

 

By Molly Greaves

If the inflation rate grows faster than your investment’s rate of return, it can cause your savings–and your purchasing power–to erode. To maintain your purchasing power, you need to earn a rate of return higher than the inflation rate. Currently, the US inflation rate is about 4%. 

What is COMPOUNDING INTEREST and How It Can Benefit YOU!

 

By Molly Greaves
If read my posts regularly, you’ve probably noticed that I always say ” if time is on your side.” That’s because when you’re so lucky and don’t even realize the opportunities you have to create a large abundance of wealth. That’s because the sooner you start saving, the more time your money has [...]

WHY I LOVE ROTH IRAs!

by Molly Greaves
Unlike a 401(k) you get no tax break on the dollars you put into the Roth, but you get to withdraw your money tax-free when you retire.  I think it’s a great hedge against higher taxes in the future. I dont know about you, but I only see them continuing to rise as [...]

Saving For Retirement Is As Important As Watching Your Health

By Molly Greaves

Saving for retirement is important for a future full of abundance and peace. People today are outliving their money more than ever before, so don’t let it happen to you.
Make time to think about your financial priorities and about how you can save more toward your future.  It’s as important as setting time [...]

Quick, Easy Advice for your 401(k)s and IRAs

 

By Molly Greaves
MY ADVICE ON GROWING IT:
1. First put enough in to make sure that you receive your employer’s full company match. Their match is like getting a 100% return on your money. How else do you get that?
2. Then invest as much as you can in an IRA, in which case I recommend a Roth [...]