Dont Give Up

This is a quick posting for everyone working on a large savings goal.

If you’re saving – don’t give up.

Don’t Give Up. Don’t quit saving out of the silly belief that you’ll never have enough to meet your goal.  Forget focusing on the big figure you need to get to. Instead, work it out using a calculator and break down what your weekly, monthly and annual savings goals should be. Focus on these smaller numbers.

If you do this, you should be able to build your retirement or other savings accounts step by step.

Break it down, don’t give up.

For more great dinks tips, read these:

Building Wealth on $600 Per Month

Couple has $232,000 in Debt – How Does That Happen?

Three Points To Maximize Your Savings

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James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.


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Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

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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