Where Dollars Go To Die

Folks,

This is just a fun aside, as some of you may or may not know, my wife spends a ton of time in Africa as per of her work as an NGO program manager.

Well, if there is one thing about Africa, its hard on money. Here are some 1 and a 2 dollar bills she brought back from her most recent trip.

If you need to, most banks will take damaged or destroyed bills and replace them with new ones.

Best,

James

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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2 Replies to “Where Dollars Go To Die”

John @ Calling the Puts, 14 years ago

That’s cool. so, what does she do?
James, 14 years ago

Hey John.

Thanks for commenting. Miel works at the International Medical Corps, managing their projects in central africa!