Archive for September 29, 2012

Weekend Wind Down 9/29/2012 – Angry with SB1040!

link love, CarnivalsMMD is very mad right now. There are two things you don’t mess with when it comes to MMD: 1) My family, 2) My money.

Right now, the state of Michigan is messing with both! According to a new law that was passed in our state called Senate Bill 1040 or SB1040, all public school employees are going to have their pension plans altered (aka reduced). The best part is that they let you decide how – by choosing from one of four somewhat convoluted choices. Isn’t that nice – would you like to cut off your thumb, ear, or toe?

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Book Review: The Smartest Retirement Book You’ll Ever Read by Daniel R. Solin

The Smartest Retirement Book
Sometimes when it comes to financial advice, you don’t want a lot of fluff. You just want someone to tell you like it is – straight and to the point. Not a whole bunch of “maybe this, maybe that”. That aspect is what I loved about the Smartest Retirement Book You’ll Ever Read by Daniel R. Solin – definitive and conscience advice!

So far I’ve already written two separate posts highlighting pieces of advice in this book. But there’s actually a lot more to it. Solin has JAMMED PACKED this book full of useful knowledge. The information it contains could be appreciated by both newbies as well as intermediate/advanced investors. Here’s some of the more important tidbits you can take away from The Smartest Retirement Book:

 

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Check Out My Guest Post “Should We Try to Leave Something Behind?” at Club Thrifty

Hi Everyone!  Today I have a guest post over at Club Thrifty entitled “Should We Try to Leave Something Behind?”.   It’s an article that discusses a disturbing trend where people no longer seem to be leaving any money behind to their heirs or favorite charities because … they can’t!  They have nothing leftover when they die due to a lack of retirement planning!  Please be sure to check it out!  Thanks!

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Economic Turnaround Slowly Creeps Back Around the World

Economic Turnaround, jobs, England, economyMy, the difference time makes!   Just 3 years after the financial and automotive bailouts, the jobs reports and economic turnaround data in the U.S. seem to be looking brighter from a number of different angles.  In particular in the manufacturing industry, the number of openings for skilled factory workers has increased 152% since 2009 according to a recent article from CNN Money.

The U.S. States with the greatest demand were Ohio, Michigan, Texas, California, Illinois and Indiana with jobs ranging from machinists and tool-and-die makers to computer-aided machine operators and similar specialties.   Starting salaries were as much as $45,000 to $50,000.  If you approximate that to $23 to $25 dollars per hour, that’s not too bad of a starting wage in this economy.

Unfortunately, however, the turnaround is still somewhat slow in pace for other parts of the world.

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My Cash Flow Plan – September 2012 Update

Cash flow, money management, rich dad poor dad, Cash flow planThe end of Summer and back to school time are a period of change for our household finances. This is generally when my wife and I get our raises, her contract gets negotiated, and a lot of other expenses or credits get mixed into our budget.

So for us, this is a great time to take another look at our cash flow plan and see if any revisions are necessary.

 

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Weekend Wind Down 9/22/2012 – Terrible Scary Movies

Terrible Scary MoviesI absolutely love scary movies! Especially around Halloween time. And I wish I had some good recommendations of recent movies for you to rent, but I don’t. Redbox has really been letting me down lately. Here’s a few terrible scary movies for you to avoid:

• I remembered Silent House from the previews when it first came out, and I was looking forward to this one. At first when the movie started, it had a lot of potential. But then it just got kind of weird, a little boring, and worst of all – not very scary.

• Next I tried to sort the Redbox movies by reviews and go with the highest rated one. A B-movie by some independent company called the The Haunting of Whaley House was up there, so I decided to give it that one a shot. I should have turned it off at the previews. The company that had made this movie also released such other great titles as “Abraham Lincoln vs Zombies” (clearly a rip-off of “Abraham Lincoln – Vampire Hunter”), “Nazis at the Center of the Earth”, and – the best – “Bikini Spring Break”. Do I even need to tell you how the movie went …?

• Next I looked for something that would be a sure thing – Piranha 3DD. Yes, this was the sequel to the outrageously gory and over the top original Piranha movie. Unfortunately, this version was not nearly as creative as its predecessor. Like many other sequels, they sacrificed content to simply attempt to recreate the highlights of the first movie. The only redeeming quality of the movie was a fantastic cameo by David Hasselhoff, who plays a washed up actor who’s hit rock bottom – basically himself!

Someone, please save me! Does anyone have any decent, recent scary movie recommendations?

 

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Household Budget Tips for the Upcoming Fall

Household budgetIf your house is anything like mine, the Fall can be a very exciting time. The kids go back to school, my wife (a teacher) goes back to work, most of our children’s sports activities start again, and life goes into extreme overdrive! But with that sudden burst of excitement and lack of spare time, it can be easy to break your household budget and fall off the wagon. So rather than ignoring your money design, here are a few simple steps we can take to make sure they stay on track.

 

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My Dividend Payment Income Report – September 2012

Dividend Payment, dividend paying stocks, dividend stocks, dividends, dividend income, passive incomeAs many of you know, 2012 is the first year that I have really overhauled my stock investment strategy and changed my focus to simply collecting high-quality dividend paying stocks. Just like any dividend investor can tell you, dividend payment income is a pretty remarkable source of “truly” passive income. I prefix passive income with “truly” because the income they generate literally requires no effort on my part.  I simply collect the payments each quarter!

As of this month, I am happy to report the second installment of my quarterly dividend payments received.  Please see the image on the left for the total.

 

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To Be Young Entrepreneurs or Employees? My Kids Try Entrepreneurism

young entrepreneurs, young entrepreneur, entrepreneurship, entrepreneurismNo, that’s not my retirement savings in the photo on the left. You’re looking at the proud earnings of my children after a day’s worth of being young entrepreneurs. That’s right – my kids got the bright idea that they would accelerate their earnings by trying to make their own money.

It doesn’t matter if you’re if you’re a child or an adult. There will be times you want to say goodbye to your job because it seems like it would so much easier to make money on your own. But like my kids found out, the grass is not always greener on the other side. Nonetheless, I was really happy that they gave it a shot and got a little bit of a laugh out of the experience. Here’s how things went …

 

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