Hello People,

For those of you interested in becoming wealthy, you know that it can sometimes be a time consuming and discouraging processes. So, you may be looking for a quick inspirational pick me up.

Well, if you are looking for a boost, here is a recent video by Loral Langemeier. If you don’t know Langemeier, she is an author and self professed wealth guru. People who spend a lot of time building wealth tend to take a dim view of Langemeier (see here), but I do find her books helpful. For example, I opened up a checking account specifically for this blog after reading her, so you might find some stimulation or inspiration from the discussion that will aid you in your own wealth building ventures.

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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Budget Template
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