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• 5 tactics for people who fear managing their money

  Posted Sep 04 2008, 05:49 AM by Karen Datko
  Filed under: Investing, Banking, Saving, Simple Dollar
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  This post comes from Trent Hamm at partner blog The Simple Dollar.

  If you're a regular reader of The Simple Dollar, you're probably not the person I'm writing about here. Instead, this article is appropriate for your brother or your sister or that friend of yours down the street.

  We all know people who have the equipment they need to be a financial success. They have their wits about them, they're earning a solid income, and yet there's something that's keeping them from being a financial success -- and that's a fear of money management.

  They'd rather do almost anything than deal with or think about money issues. Not only is it boring to them, it's often as scary as can be.   Read More...

  Discuss ( 1 comments) 4,415 Views Digg this | Email this | Link to this

• Financial independence: What it is and how to get there

  Posted Apr 25 2008, 08:04 AM by Karen Datko
  Filed under: Investing, Retirement, Saving, Simple Dollar
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  This post comes from Trent Hamm at partner blog The Simple Dollar.

  My big, overarching dream is to achieve true financial independence. By that, I mean that I have enough money saved and invested that I can live off the interest and investment income -- a point that I've discussed before as the crossover point.

  This is a huge goal, one that I won't achieve for many years no matter what path I choose. I dream about achieving this goal about the time my final child graduates from high school -- roughly 25 years from now.   Read More...

  Discuss ( 1 comments) 1,731 Views Digg this | Email this | Link to this

• Preparing for and surviving an economic downturn

  Posted Jan 11 2008, 07:43 AM by Karen Datko
  Filed under: Investing, Saving, Emergency, Simple Dollar
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  This post comes from Trent Hamm at partner blog The Simple Dollar.

  Lots of people have written to me recently asking how I am preparing for an economic downturn. Take, for example, this e-mail from Arnold:

  A lot of major publications (The Economist being the biggest) have been predicting that the U.S. will have a recession this coming year. My question has to do with preparing and surviving during a time of recession. Also, another idea would be how to work with the dropping in value of the dollar.

  First of all, I think most mainstream articles on economic downturn are sensationalistic. For most people leading normal, everyday lives, a recession doesn't mean too much. Unemployment might rise some as companies trim fat. Stable companies don't fire good employees because of downturns.

  If you're worried about an economic downturn affecting your financial status in a significant fashion, consider the following scenarios, most of which have more to do with your own choices than the market:   Read More...

  Discuss ( 1 comments) 1,437 Views Digg this | Email this | Link to this