In my travels I found this tidbit from Mellody Hobson, Good Morning America’s financial commentator and president of Ariel Capital Management (go figure that I have to leave the country to come across this!)

Hobson advocates that “In our cashless society of maxed-out credit cards and corporate excess, positive financial role models are few and far between. This is why I am on a mission to make the stock market a topic of dinner conversation in every home and financial literacy a mainstay in education. If we added an “I” – investing – to the three Rs of reading, writing, and arithmetic, and included it in the curriculum of every school worldwide, our children would learn the basics of wealth creation and gain the skills to transform their lives, their financial futures, and ultimately the course of their families and communities. That would save the world.”

All I can add after long day, is rock on! My next question that I consider, in my half asleep way, is what us DINKs can do to further this initiative. Saving the world goes much further that education about finance, but it is an interesting place to start…

Goodnight!

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Couples Finance

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