Who were the rich and famous that were scammed by Bernie Madoff?

Take a look at the list. These people are all pretty bright. Unfortunately they lacked financial literacy and paid a devastating price. The promise of 10% a year risk free returns is an illusion. They all fell for it. http://www.bankrate.com/finance/investing/celebrities-scammed-by-madoff-1.aspx

10 simple New Year’s resolutions to increase your wealth in 2014

http://www.washingtonpost.com/business/10-financial-resolutions-you-can-actually-keep/2013/12/27/8fb431d4-6c0f-11e3-a523-fe73f0ff6b8d_story.html It is essential you put many of your financial decisions on auto-pilot. The less complicated, the less that can go wrong. Stick to the plan through thick and thin and you will be amazed at the results. Simple systems are the key. Start today and you can begin to change your life.

2014- The quote to live by…

“He who blames others has a long way to go on his journey. He who blames himself is halfway there. He who blames no one has arrived. Chinese proverb   Here is a great article on how this relates to investing by Barry Ritholz.. http://www.ritholtz.com/blog/2014/01/take-responsibility-for-your-stock-losses/

There is no situation where having more money made it worse

Something to consider when deciding on your financial goals for the new year. Necessity or pleasure, you will be in a better place with more money. Whatever you are planning to save this year increase it by 1or 2%. You will not regret doing this.   More from Roger Nusbaum.. “There is no situation where…

Saving for retirement vs. college which should you choose??

Retirement wins hands down . For the simple reason there are multiple ways to fund college. There are no loans for retirement!! Read on from the WSJ….. Prioritize Retirement Here’s a piece of advice that’s tough for many parents to swallow: It is more important to save for retirement than for college. It may sound…