How should you divide your paycheck between saving and spending to create a sound budget??

A good rule of thumb to deal with your after tax take home pay would be the following: 50% needs and essential purchases, no more than 30 percent on a mortgage or rent 30% wants or stuff that you enjoy 20% savings that you could divide this between your 401k and bank savings account …

How much does it cost to raise a child from birth to age 17 ???

This does not INCLUDE college!! 30% Housing 18% Child Care and Education 14% Transportation 16% Food 8% Health Care 8% Misc. 6% Clothing Grand Total = $234,900

6.7% of colleges are offering fixed rate tuition

The same tuition for the length of your enrollment. This is a trend for the future. Ask the schools you are interested in if they offer this. Read on…..http://bigstory.ap.org/article/fixed-rates-are-latest-college-tuition-plans

How can you add $146,000 to your retirement account?

Take advantage of the catch-up $5,500 that is available when you are 50. You can max out at $17500 and then add $5500 to that number. Over a period of 15 years this $5,500 will grow to over $146,000 compounded at 5%. It is not too late to start……. If John continues to make this…

How much income do you need in retirement?

Most people believe that 75-85% of current income will do the trick. The answer is it depends. Read on…. http://online.wsj.com/news/articles/SB10001424052702304173704579264463292233346?mod=trending_now_1

Why you should not go to see The Wolf of Wall Street

Entertainment is a vital part of our daily lives but sometimes we have to draw the line. The Wolf of Wall Street starring Leonardo Di Caprio is a case in point. The film depicts the sordid life of penny stock broker Jordan Belfort, a two-bit Bernie Madoff for the middle class. While drugs, alcohol…

Why renting may be a better option than buying

The American Dream might not be all it is cracked up to be. Often the costs of owning a home are underestimated when compared to its benefits. If you cannot meet these requirements you probably should not buy a home….. So before you buy, make sure it’s right for you. I meet too many…

Only a Commie would say this according to Wall Street..

https://twitter.com/TheEconomist/status/414409963998822400/photo/1

Training the Future Warren Buffet’s of the world, my work never ends..

The Stock Market Game™ is pleased to announce that two of your teams placed First and Second in the Middle School division of the Fall 2013 – 10 week session: 1st: NY3_62_ZZ292 2nd: NY3_62_ZZ289 My goal is to get our school banned from the game like the card counters in Las Vegas