Stock Speculating Strategies You Should Avoid

Just because you have money in the stock market, that doesn't make you an investor as defined by Benjamin Graham. Graham made an important distinction between an investor and a speculator. In a prior post, we looked at the traits of an actual investor. Basically, an investor looks for safety of principal and an adequate return. A speculator in everybody else. Although speculating isn't … [Read more...]

4 Debts You Should Try to Avoid

Excessive use of debt can be a major hindrance to your financial independence. Although sometimes unavoidable, here are four debts you should try to avoid as much as you can. Credit Card Debt Most of our debt problems come from the overuse or misuse of credit cards. Here are some interesting stats from the Federal Reserve's latest Survey of Consumer Finances for 2007. 46% of families have a … [Read more...]

7 Ways to Avoid Debt

The following is a guest post from Jack Reed.  He is a financial writer with Oak View Law Group. He offers advice on debt related issues. Subscribe to his RSS feeds and keep yourself out of debt.  If you want to submit a guest post you can read the guidelines here. The most direful situation one can face today is being crushed under overwhelming debts. Modern life is expensive and being a … [Read more...]

Avoid Bank Fees: Money Saving Monday

Being in PNG has given me some wonderful exposure to ‘creative bank fees’. Last week Friday, I had a Term Deposit (TD) that matured (a TD is just like a CD).  The TD was actually matured 6 months ago, but against my written instructions it was reinvested for another six months.  I did my best to fix the problem, but let’s just say things work differently here in the South Pacific.  I … [Read more...]