There is a great article on the woes of the US Postal Service in today’s WashingtonPost. According to the article, Postmaster General John Potter went in front of Congress today and warned that unless the Feds coughed up several billion dollars the PO would need to implement massive layoffs and cut delivery from 6 to 5 days per week (here).

Here is an idea, why don’t we just privatize the Post Office. I don’t know about the rest of you, but in my view the federal budget is strained enough as it is. Plus, historically the postal service has consistently lost money and delivered substandard service. It’s high time it was done away with and the taxpayers stop sinking money into an inefficient operation.

Best,

James

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.

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