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35 Billion Ways to not be Jeff Bezos

You might have seen recently that the King of Amazon, Jeff Bezos got into some trouble and ended up in divorce.  While the details of the settlement are not disclosed, it looks like he did not have his wealth in a trust.  And all of his Amazon shares seems to be in his personal name.  This means his ex-wife is going to end up with around $35 Billion.  But don’t cry too much for Jeff, he should still be worth over $100 Billion when it’s done.  His mistress has now announced she is also getting divorced, so you know Jeff will be making some post-divorce moves before he ties the knot again. While you might not have billions on the line, here are a few things you should do after a divorce. 1. Check Your Beneficiaries– Most people list the beneficiaries on their 401(k), IRA’s, and insurance policies when they set up the accounts and forget all about them.  While ...

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Four Ways Your Kids Can Ruin Your Retirement

Retirement generally only happens one time in our life.  It is that transition period where we hope our work, parental, and personal responsibilities dissipate to the point where we only have to worry about ourselves.  It is a time in our lives where we don’t have to be on a time clock, don’t have to worry about checking e-mail, and there are no meetings that we have to be at on the schedule of someone else. Nobody really tells you what kinds of responsibilities come with having children until you actually have a child.  You work hard to raise your child the right way, and you hope one day that they will be a fully self-sufficient individual.  Your greatest fear may be your own children’s failure to launch.  Here are four ways your children can ruin your retirement: Their Debt Becomes Your Guilt Many parents believe it is their responsibility to make sure their child graduates college with no debt.  ...

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Five Ways To Prepare For A Recession

Almost half of U.S. chief financial officers believe a recession will strike the U.S. economy by the end of 2019, with the tight labor market and growing trade tensions driving economic jitters among corporate America. Additionally, more than 80% of U.S. CFOs think a recession will strike by the end of 2020, according to the Duke University/CFO Global Business Outlook survey released Wednesday. (source: wsj) While there has been a significant amount of good news about the economy, the heightened market volatility, rising interest rates, and companies now having trouble to find and keep qualified employees has many people nervous.  Not to mention the fact that it seems there isn’t a week that goes by where CNBC doesn’t have a scroll at the bottom saying, “Global Worries Send Markets Downward”. We can never predict exactly when a recession will hit us, but here are five tips to prepare for a downturn in the economy. Get your emergency reserve to 6 ...

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6 Weird Ways To Make Money From Home

Topic: 6 Weird Ways To Make Money From Home Taped 2/16/16 Listen every Tuesday morning at 8:00 a.m. on ROCK 100.5 | Atlanta’s Rock Station to “Your Smart Money Moves” with The Rock 100.5 Morning Show and oXYGen Financial. Ted Jenkin, CFP® and Kile Lewis, CRPC® are the founders of oXYGen Financial, and our chief financial officers. All your money questions answered Breathe easier at http://oXYGenFinancial.net ...

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5 Ways To Get A Great Deal On Leasing A Car

Ownership is still one of the greatest feelings in the world.   I’m not talking about a house you have with a big mortgage because you really don’t own it yet.  The day you pay that puppy off will truly be cause for celebration.  It’s a feeling that less than the majority of people get to experience in America.   When it comes to your automobiles, I’m a much bigger fan of owning versus leasing.   The one time in my life I had a leasing experience, back in 1993, with my Nissan Altima, I felt like an upside down pineapple cake by the time it was all said and done.  Since that purchase, I will only buy used cars and I will only own them.  However, there are cases where leasing can make sense here are your smart money moves on how to do this right. Negotiate The Price, Not The Payment– One of the trick people get suckered into when they ...

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Down Payment Vs Invest The Difference

While 30-year mortgage rates are not at the lows of 3% we saw in 2012, mid to low 4% rate are still really good. It is very tempting to make a small down payment and use the difference in an investment with a higher potential for return. If you only make a 5% down payment instead of a 20%, you will pay thousands in extra interest and PMI insurance. Plus, beating your 4% cost of funds is no slam dunk. Making a larger down payment will ensure that you your return on money is equal to your mortgage rate and will give you a small monthly mortgage payment, leaving you free to invest the extra cash or hang on to it for everyday expenses. Making additional principal payments on your mortgage can save you thousands in interest and pay off that loan quicker. It’s hard to put a return on investment by becoming mortgage free, but taking the weight off ...

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5 Ways For Women To Build Confidence

So I know what you are about to say.  What does a 44 year old guy know about women building confidence.  I’m not about to tell you that I know the secret of women, but I thought I would attempt to list some things women can do to build confidence.  After reading  from the book The Confidence Code by Katty Kay and Claire Shipman, I picked up these 5 ways woman can build confidence: You don’t have to make things perfect, so stop tinkering You have to keep moving forward and tinkering takes time.  Even if you are wrong, failing fast can reduce the time going down blind alleys. Leave your comfort zone Try something you thought you’d never be good at.  The old saying  “What doesn’t kill you will make you stronger” is so true. Take credit for your successes Don’t just brush off a compliment, accept it.  Use it to give your next step confidence. Give rid of ...

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