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Five Celebrities That Know How To Save Money

Most of the media generated stories about celebrities consist of shock and awe showing situations resembling the Titanic sinking into the ocean.   When it comes to personal finances, we read about those who didn’t pay their income taxes, stars that spent themselves into bankruptcy, and estate plans that went decidedly south after their death.    However, there are celebrities who understand a thing or two about money and here are five famous people who know how to improve their bottom line. Teri Hatcher Understands Used Cars– Teri Hatcher became famous through the Superman shows she did with Dean Cain and then hit a home run with the Desperate Housewives television show.   She’s reported to have a net worth of over $50 million dollars.  “I don’t spend my money on sports cars or new million-dollar houses. I drive my cars for 10 years until they have 100,000 miles on them.” (source www.msn.com)    Used car buying is a smart money move that can ...

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How Can My Portfolio Completely Avoid Risk?

With Moody’s Investment Service downgrading more than a dozen global banks to reflect declining profitability, the Euro Zone looking to be in grave financial crisis, and the U.S. Economy having a gloomy shadow in the distance, many investors are asking how to find investments that carry no risk.    Some of these investors are folks that are retired and looking for current income while others are at the 20 yard line approaching the end zone of their retirement day.    So where do you find an investment that carries no risk? Unfortunately, every single type of investment carries some inherent risk.    Learning how to balance out that risk or being timely with your investments on knowing what risks to take at what time can ultimately determine success or failure in your overall investment plan.   When it comes to today’s main risks facing investors, here are the three big I’s with respect to investing and risk. Inflation Risk– Inflation risk, sometimes known as ...

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Just Because You Can Doesn’t Mean You Should

Have you ever heard that saying that money can burn a hole in your pocket?   Although you can find many different meanings for this expression, over the past decade I have seen spending run out of control on a personal level.   Eating out using to a perk for most families, and now an $80 meal during the week is the norm.    Picking up a luxury item only happened on special days like holidays or birthdays, but now people buy them whenever they are in the mood.   We have been conditioned over the past decade to always make sure we get the BEST!   Of course, why wouldn’t any of want the best if we could afford to buy it with our hard earned money. Credit cards have given many people power.    When you have money in the bank you feel like you have power.  With just a swipe of your debit card, you have the power.   Yes, because you have money ...

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