Everyone’s situation is different. But the bottom line is that you have to make more than you spend. I like to look at cash flow on a month to month basis. Simply total your expenses and subtract them from your income for the month. You should end up with a
Continue readingAnother Broken Appliance
It seems like kitchen appliances are always breaking down. The latest one to stop working at my home is our 4 year old Maytag Microwave. Whirlpool acquired Maytag in 2006. They also own KitchenAid, Jenn-Air, and Amana. The door switch has been acting up for a while. It thinks the
Continue readingMonthly Income
Several types of investment will produce a monthly income. There are exceptions, but most money market and bond funds pay a monthly dividend. Real estate investment trusts also commonly payout monthly. You can have the monthly dividends reinvested if you don’t need the income right now. With these types of
Continue readingHow to save on clothing
How much money do you spend on clothing each year? I spend about $100 and that’s for name brands. How do I do it? By visiting the local thrift store you can find clothing at discounts up to 90% off retail prices. The trick is to go shopping at several
Continue readingWelcome to the blog
I’ve seen a few articles on the Internet lately trying to determine how much money we need for early retirement. A lot of it has to do with your lifestyle. If you are someone who likes to travel, eat out, or go to shows, you may need more money to
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