Hi All,

The Wall Street Journal’s blog has a great interview with Scott Mitchell, CEO of affluence.org, a social networking site for people with over three million dollars in net worth. If you have some spare time, check out the interview. Its interesting for its quick glimpses into the world of the very rich. At the same time, join us on our goal of having more than $3 million in wealth ;)

Affluence.org at the WSJ Blog.

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.

Couples Finance

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