Best of the week – May 9, 2015

Here are some articles that caught my eye this week….

Our Car Payment was Bigger than our House Payment

As the first paragraph of the article says, it is about choices. You can be debt free, but it may require you to make uncomfortable sacrifices for a time to get there. Many people don’t want to make those choices. I would submit though that it is easier to make some sacrifices in the short-term so that you can be free, than it is to deal with the stress and fear that comes from living from paycheck to paycheck, always living one major emergency away from bankruptcy or foreclosure. That’s far more painful than driving a beater for a couple of years, or cutting cable and other non-essentials for a few months until you can get yourself on track.

5 Traps that Will Rob You of Your Financial Peace

Again it is about choices. These choices will guarantee you will never be able to save.

Shop smart for 6 popular Mother’s Day gifts

Hopefully, you haven’t forgotten about mom but if you still haven’t done any Mother’s Day shopping, here are some things to consider.

If You’re Going to Play the Stock Market ‘Game,’ You Have to Know the Rules

The key to getting a good night’s sleep when you are investing in the stock market is understanding that investing is a long-term process. Monday the market might be up 500 points or it might be down 500 points. I have no clue what it will do. Even over a matter of weeks or months there is little predicting what it might do. Some years it will do very well. Some years may only break even. And some years you will lose money. What I am confident of though is that over a period of 10 or 20 or better yet 30 or 40 years, you will come out far ahead. In the long run history tells us that the good years will out number the bad. If you get scared though and cash out during the bad years, you will be better off buying a CD. If you understand that some years will be better than others and are willing to stay on the roller coaster and not jump off, I believe investing in a good mix of stock mutual funds will serve you well over the long haul.

What’s Your Financial Personality?

Which personality are you?

The World’s Toughest Job

Finally, in honor of Mother’s Day check out the following video. If you are fortunate enough that your mom is still living, give her a call this weekend and let her know how much you appreciate her.

 

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