Don’t Let Debt Ruin Your Marriage!!


Couple DisconnectDebt can be crippling and stressful, but it doesn’t have to ruin personal relationships. While it may be easy to project stress onto spouses and family members, it’s important to remain focused on paying down the debt as fast as possible and reshaping the financial future.

Read the rest of the story >>> Don’t Let Debt Ruin Your Marriage | Fox Business.

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Dispelling the Top 12 Myths About Life Insurance


Head in the sand“There’s something about life insurance that just freaks some people out. For one thing, it forces them to confront the notion of dying. For another, it demands they think about tomorrow when they don’t know what to do about today. So instead, they stick their heads in the sand.”

Read the rest of the story >>> Dispelling the Top 12 Myths About Life Insurance – DailyFinance.

Renting versus Ownership


To rent or to own, that is the question!

Question: Is renting a house a bad decision?  Maybe yes and maybe no.  What is the return on investment when you rent a house? Of course there is no ROI.  In exchange for paying the rent you get a roof over your head.  If doing so for the least amount of money is your goal than renting is probably the best option.

But what if someone wants a roof over their head and also wants to build equity?  If they can swing it, they will probably buy a house.  Perhaps it will be a modest house that fits their budget.  In the past, the idea was that this house would grow in value and that it would be a safe place to store equity.

Segway: How is a house like a life insurance policy?

  • Term Insurance:  This is like renting the house.  If getting a death benefit for the lowest price is what you need this, like a rental house, is probably your best bet.
  • Whole Life Insurance: If you want the death benefit but would also like to build equity and value, whole life insurance, like buying a home, might be a better option.

Ever heard of someone cancelling their term insurance policy because it became too expensive?  It happens all the time.  It is like rent becoming too high to afford.  What most people don’t realize is that if they invested in a modest sized whole life policy, they could have the death benefit and stop losing the premium.  This is like buying a starter house.

A properly blended whole policy allows most of the premium to go straight to cash value.  Unlike a house that is purchased, the value of a whole life policy is guaranteed to grow.  It also receives non-guaranteed dividends.  The cash value in the policy compounds along with the interest.  This happens in a tax deferred setting.

May be you are currently an insurance renter but you would like to own the house and buy whole life.  Why not take advantage of this years Life Insurance Awareness Month (September) to check out the option of purchasing a whole life policy?

We live for life’s wondrous moments…


From simple pleasures like enjoying quality time with loved ones to major milestones such as seeing your child graduate or walk down the wedding aisle, these are the moments we cherish most.You work hard to make sure your loved ones have a comfortable life, and hopefully one that includes its fair share of wondrous moments.

But if you were suddenly out of the picture, would your loved ones have the same opportunities and quality of life?

Life insurance helps ensure that the lifestyle you’ve worked so hard to achieve for your loved ones won’t come to a halt if something were to happen to you.

Read The Rest of the Story >>> LIFE Foundation | Preserve Life’s Wondrous Moments with Life Insurance.

You Don’t Have to Take My Word for It


Saving can be tough. We’ve all had those months where it just doesn’t seem important, and no matter how much advice you get, it doesn’t make you feel more motivated. Sometimes it helps just to hear, from someone who succeeded, that it IS possible. This week, we wanted to share with you a personal success story from one of our fans, in hopes of offering a little inspiration.

 

Hi Feed the Pig,

I wanted to take a moment to provide a long overdue THANK YOU to your organization.  Approximately three years ago I was making good money with good job security, but had nothing in my bank account to show for it even though I had more disposable income than ever before.  However, I was living paycheck to paycheck not because I didn’t make enough money, but because I wasn’t disciplined with my spending (and subsequently ‘savings’) habits. 

It just so happened that at that point in my life I was contemplating purchasing a new, fancy and highly complicated high-definition big-screen television.  One evening, late at night, I was sitting around watching television (on my embarrassingly tiny, low-def, outdated TV) when I saw a commercial of yours.  In this commercial there was a young man, about the same age as me, at an electronics store deciding on which TV to purchase.  I immediately related to this guy (good job Feed the Pig marketing team).  Then the commercial ended with the slogan, “feed the pig” which kept echoing through my mind.  Suddenly, all at once, it all made sense.  I realized that I didn’t need a new TV. I realized I needed to have money in savings at all times, and most importantly that I need better discipline when it comes to money management.

From that day I promised myself that I would save as much as I can, per paycheck.  I also promised myself I would not waste money on things I don’t need.  Since then I save ~25% of my income every month, no longer have the anxiety of living paycheck to paycheck and can sleep better knowing I have a firm grasp on my financial situation.  This single, short, silly, often-overlooked and certainly under-appreciated commercial has saved my financial future.  So . . .

THANK YOU!!!

You have made a massive difference in my life, and I will forever be in your…debt 😉

– James

Do you have a personal testimony? Head over to the Feed the Pig Discussion Board and share your success! Happy saving everyone!

Visit www.feedthepig.org for more money-saving tips.

This article courtesy of Feed the Pig. Copyright 2011 American Institute of Certified Public Accountants.

Looks Like the Tea Party Recession Is Beginning!


“Back ‘in the day,’ my wife liked to run up the credit cards. I didn’t complain because the house looked nice, we ate well, and I got a nice BBQ center with an outdoor sound system out of it. (I mean, REALLY nice!) Besides, I was making good money and got regular raises, so we could make the payments.”

Read the rest of the story >>> Looks Like the Tea Party Recession Is Beginning! | The Liberty Ledger.

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US debt visualized: Stacked in 100 dollar bills


You gotta take a look at this for a great visual on our country’s debt.  Kind of mind boggling!

US debt visualized: Stacked in 100 dollar bills.

Would love your reaction to this presentation!

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TJ On Dat Ol Debt Problem


“We must not let our rulers load us with perpetual debt.

We must make our election between economy and liberty or profusion and servitude.

If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds…

[we will] have no time to think,

no means of calling our mis-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers…

And this is the tendency of all human governments.

A departure from principle in one instance becomes a precedent for [another ]…

till the bulk of society is reduced to be mere automatons of misery…

And the fore-horse of this frightful team is public debt.

Taxation follows that, and in its train wretchedness and oppression.”

President Thomas Jefferson

Pundit and Pundette: Thoughtcrime


The following is a post on one of my wife’s favorite blogs.  Go check it out and come back and tell me what you thought.

The 2-income family gives a shocking amount of the extra money they scramble to earn to the government…

Read the rest of the story >>> Pundit & Pundette: Thoughtcrime.

New Fee to Bank Cash


Bank of New York Mellon Corp. on Thursday took the extraordinary step of telling large clients it will charge them to hold cash.  The unusual move means some U.S. depositors will have to pay to keep big chunks of money in a bank, marking a stark new phase of the long-running global financial crisis.

Read the rest of the story >>> New Fee to Bank Cash WSJ Online

Just when you thought you’d seen it all!  So, let me see now, what would make a good alternative cash repository for long term savings that pays guaranteed interest plus dividends and is also liquid??  I know, I know, pick me!! 🙂

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