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How To Pick A Credit Card

We often pull out our credit cards during this holiday season much like a Ninja warrior would unleash their Samurai sword from its sheath.   Credits cards can be our friend or our foe depending on how we choose to use this weapon.  During this peak month of shopping, every store you purchase merchandise from will tempt you with a big discount at the cash register to get a store card Johnny on the spot.  I’m not a big personal fan of carrying revolving credit card debt, and I don’t recommend it is a habit you get into within your financial life.  Going to work every day to pay obligations can lead to a high amount of stress.  Credit cards, when used appropriately, can actually help you in the positive column by potentially rewarding you with extra cash back, frequent flier miles, or some type of point structure to redeem prizes behind door number three.   So, how do you actually pick ...

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Is Georgia One Of The Best Tax States To Retire In Today?

Inevitably all of us have the dream of being able to make work optional. I’ve written lots of articles regarding the subject of retirement, but as we approach another Presidential election you may need to consider which state to live in when it comes to saving money in taxes. Outside of how you like the overall lifestyle of the state in which you live, where your family resides, and other factors, taxation certainly should be in the top five list on where you choose to make your final place of residence. Since states are changing their laws all the time, I wanted to share that I think Georgia will continue to be a top ten player for retirees over the next twenty years. I recently had the opportunity to do an interview with Susan Garland who is the editor for the retirees section of Kiplinger and we had a candid conversation around their article of the 10 most friendly tax ...

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Credit Card Ramadan

I really don’t know a ton about the whole concept of Ramadan besides what I have read.  However, the part of this ritual which is most interesting to me is the idea of a long term fasting period.  Though fasting is generally discussed to be only for adults, children as young as the age of eight willingly participate in this long term tradition.   This whole idea of fasting is an interesting concept at it relates to how you look at your financial picture.  With Credit Card debts continuing to reach all time highs, I thought it would be interesting to discuss what a 30 day credit card Ramadan might look like and what it could mean to uncovering what is really going on with your money. What would the concept of a financial credit card Ramadan look like?   Well, we have become so accustomed to doing everything we do today through the swipe of card.    You go out for a ...

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What Not To Eat In Your Car

The exciting part of writing my own blog is that I get to comment on a few silly topics from time to time. Most of these come from observations I have just watching people through the daily trials and tribulations of life. Having been in and around salespeople the past 21 years, I have witnessed many a salesperson trying to fit in a lunch or dinner while driving on the road hustling to make it to their next appointment. Sometimes at the end of the week, you can ascertain pretty quickly where you stopped to eat by checking out the stains on your clothes as you bag them for the dry cleaner. As most of you know, dry cleaning bills can add up pretty quickly between the shirts and suits you drop them off for cleaning every week. Before I give you my list of what not to eat in your car, let’s set some ground rules. If you are ...

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How Much Does Your Community Benefit From You Spending $100

I recently came across a staggering article around what is deemed today as Marketplace Fairness.    The 2012 International Council Of Shopping Centers had a promotional infographic regarding the following question . . . How Much Does Your Community Benefit From You Spending $100?    What they found is that a local retailer was able to retain about $68 within your community.    If A National Retailer moved in they were able to retain $43 within your community.   However, the most silent killer of all was the online retailer who retained $0 within your community.    In fact, the article went on to demonstrate that for every $1 million dollars of sales, a local retailer was able to create 4 jobs whereas an online retailer was only able to create 1 additional job.  It’s likely that one job isn’t in your community. Sometimes a bargain isn’t always what it seems.    Since online merchants aren’t currently required to charge sales tax, local retailers can be ...

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4 Tax Law Changes We Need To Make Permanent

With the presidential election beginning to heat up in America over the next several months, we are all going to hear a lot about income taxes.  We all know that with thousands of pages of tax code, it is impossible for the average citizen to really understand all of the different ways they can save money in taxes.  There are many tax law changes set to take effect in 2013.   If I had the opportunity to set the wheels in motion to make some tax law changes that would be permanent and easy to understand, here are four of them that I would recommend we change to become permanent. 1. Social Security Taxation –   From the day you begin working and earning waged income, 6.2% of your paycheck (the last couple of years 4.2%) goes toward your future social security benefits.    This is also known as your Federal Insurance Contributions Act (FICA) tax.     You only see the 6.2% that comes ...

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