Financial Planning
Published: 15/09/2008
I used to sell annuities. I was intrigued by them and initially and the way they were introduced to me, they seemed like they could really help people. Until one day, it happened...
This is the true story of how I was 'banned' from the annuity industry. I tell it not for any reason other...
Published: 15/09/2008
Annuities are sold in a way to capitalize on your both your and your agent's fear and greed. There is actually a funny way of thinking about this.
On one hand there is the fear that you will lose your money, then the fear that your agent won't make his big fat commission off of you, which is...
Published: 15/09/2008
We are now approaching close to 70 years following the first Great Depression in this wonderful country. It certainly has been quite a ride and there is no question that this country has prospered tremendously since then. And many people still believe that we are soon going to recover....
Published: 12/09/2008
I love to read about making money, and any type of book on personal finance. I also love to read about getting out of debt, and also building wealth.
I believe in not using any credit cards at all, and paying off all your debts from smallest to largest. This is called the debt snowball, and...
Published: 11/09/2008
The American version of debt management seems to be buy now, pay later, or worry about it later. Instant gratification has replaced save for a rainy day as the watch word for Americans regarding their money. There is an old saying that When you find yourself in a hole, the first thing to do is...
Published: 10/09/2008
I can still remember my first lecture in Management Accounting. The lecturer was introducing us to the concept of budgeting and at the end he made a little joke, which went something like this: "If your budget has turned out exactly right, you have either had an amazing stroke of luck or got it...
Published: 08/09/2008
Sharia is Islamic law - the principles by which Muslim men and women live their lives. Islamic banking is a banking system that its consistent with Sharia, and the idea was formed in response to the obvious divergence of many Western banks with these ethical principles. Islamic banks have grown...
Published: 08/09/2008
When we talk about offshore financial companies, the term conjures up an image of huge, shadowy financial monoliths investing funds without any transparency. These types of companies also exist. e.g. many mutual funds and hedge funds whose investors prefer 'foreign country' investments.
But...
Published: 07/09/2008
Your retirement income investment plan starts now, right now, no matter how old or well heeled you happen to be.
Step One is to understand what a retirement plan is, and to identify the three large numbers you need to keep track of while you are developing your stash. With these three totals...
Published: 05/09/2008
Investors seeking a low-risk investment that can be easily converted into cash often choose a certificate of deposit (CDs), a special type of deposit account with a bank or thrift institution that offers a higher rate of interest than regular savings account. And unlike other investments,...
