Today is Martin Luther King, Jr. Day, on which we celebrate the life, accomplishments and dreams of Dr. King. While Dr. King’s life’s mission was to abolish racism and bigotry, much of what he said can be applied to our financial lives.
Category: Live Fabulously
Last week was momentous for us. We released our third eBook, #MoneyConscious Financial Planning Guide: 12 Steps to a Richer You. We were elated to have friends and family purchase our book and watched it debut in the top 10 on iTunes’ “Business & Personal Finance” chart. Thanks to all those who supported us.
A while back we wrote about abundance and contentment. We believe that being content with what we have has brought us even more abundance. With today’s’ material obsession, it’s hard to maintain contentment. Those currently focused on paying off debt have likely given up some of the material things they previously enjoyed. It’s hard to maintain focus on paying off debt when your lifestyle has changed so much. It can feel like you lost your freedoms and ability to be financially carefree.
CNBC reported yesterday that the 2014 Retirement Confidence Survey, produced by the non-profit Employee Benefit Research Institute and Greenwald & Associates, shows that American workers are more confident in their ability to retire comfortably because of recent stock and housing market gains over the last few of years.
In the comment section, I said, as I often do, “A home is not a retirement plan.” This garnered comments, which I appreciate. Comments inspire me and make me think. One commenter said that a home can be part of a retirement plan. They included the example of northeasterners who sell their homes and move to a smaller, less expensive home down south. They often pay for their new home with cash and then have money left over. Another commenter said that it is nice to have a free place to live in retirement, rather than a place to rent.
I do not believe this is entirely accurate.
When most future college students and future college-student-parents think about college they think about ways to find additional money to pay for college and college expenses. As you’ll learn, especially if you go to business school, there are two sides to a balance sheet: assets and liabilities or, in this case, income and expenses. Here are idea to keep college expenses down.