 |
|||||||||||||||||||||||
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|||||||||||||
 |
 |
 |
 |
 |
|||||||||||||||||||
 |
|||||||||||||||||||||||
 |
 |
 |
|||||||||||||||||||||
|
|||||||||||||||||||||||
|
Welcome to CommonCents inSight! Welcome to CommonCents inSight, the official newsletter of enDevelopment, the makers of CommonCents software. Our monthly newsletter is intended for those who are interested in learning a “common sense” practical approach to managing their personal finances and to improving their financial lives. Read more... Date: 03 31 2008 |
|
|||||||||||||||||||||
|
|||||||||||||||||||||||
|
Part 8: Protecting Your Financial Assets Purchasing an insurance policy is rarely an exciting event. In fact many people avoid doing so, which often places them at considerable financial risk. It is very important to know which insurance policies we really need for each period of time in life and not be burdened with the unnecessary costs of other policies we’re often cajoled to buy. Read more... Date: 11 01 2008 |
|
|||||||||||||||||||||
 |
|||||||||||||||||||||||
|
|
||||||||||||||||||||||
|
|||||||||||||||||||||||
|
Part 7: Keeping a Positive Focus on Finances At some point, everyone will experience a financial setback. How we deal with negative circumstances will be a significant determinant in our financial success or lack of it. When a financial setback occurs, people either respond pessimistically, leading to fear and ill-advised reactions, or optimistically, leading to a calm and objective return to the original goal. Read more... Date: 10 01 2008 Part 6: The Greatest Financial Secret: Compound Interest Why is compound interest so vital to growing our savings? It is because compound interest is interest paid, not only on the initial principal (the money we have saved), but also on the accumulated interest of prior periods. In other words, over time we earn interest on interest, thus explaining the multiplying effect of compound interest. Read more... Date: 09 01 2008 Part 5: Establishing an Investment Plan Time is the great financial equalizer. Given time to implement and contribute to an investment plan, even a person with a modest income can accumulate substantial financial assets. This is good news for workers in their twenties or early thirties who have kept their spending under control and have excess income to regularly invest. Read more... Date: 08 01 2008 If you find that you are struggling to save enough of your income to sufficiently support yourself in retirement, take a close look at my plan for an alternative retirement outlined below. Even those with substantial financial assets could benefit from this plan because it provides a retiree with a wide array of options in the event some negative circumstance unexpectedly occurs in their career or with their assets. Read more... Date: 07 19 2008 Part 3: Saving and Spending Money Life is much more simple and enjoyable when we focus on the basics. Your automobile works better when you pay attention to the engine, the human body functions optimally when the heart is healthy, and a sturdy house is one that is built on a strong foundation. The same logic applies to the world of personal finance. Read more... Date: 06 01 2008 Part 2: Setting Financial Goals In the previous issue, we became aware of the importance of having a financial roadmap for the future and developed a method for organizing financial records. The next step is to determine exactly where we want the plan to take us. This will require listing and prioritizing our financial goals. Read more... Date: 05 01 2008 Part 1: The Importance of Developing a Financial Plan Many of us may have experienced financial frustration. Perhaps we frequently come up short on enough money to pay all the bills that have accumulated. Perhaps our savings account balance has become a permanent “zero.” Or maybe our use of credit has us stuck in a deep financial hole with seemingly no way out. Read more... Date: 04 01 2008 |
|
|||||||||||||||||||||
|
|||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
