How Much Money Is Enough?

The question of how much money is enough arises all the time. You think about the millionaires and billionaires like Bill Gates, Warren Buffet and Donald Trump and think to yourself how could you possibly need all that money? How much is enough is based on the individual. To some people, money is all that matters to them. To other people, they could care less about how much money they have. Living pay check to pay check is no big thing.

I for one am happy the way things are. To me being happy with your self and the people you are with is the most important. Don't get me wrong, I would love to have millions rolling in, but that hasn't happened to me and it's okay. I keep plugging away at my life and try to stay happy. Everyone has their down days, but if you have more up days then down, life should be good.

I am a firm believer in trying to make money online and to be able to work from home. If it can eventually get me out from working for someone, I would love... it. It hasn't happened yet but I will keep trying. I suggest to who ever reads this that you keep trying to. Try to save for a rainy day and your golden years as much as possible. You will feel better about yourself if you start to build up your net worth. Trust me, I know! The more money you start saving the more secure you will feel. If you have some money to fall back on in case of a emergency, the less stress you will have. Stress is not good for anyone!! I will keep working on my online business and I suggest that you start one also. or something that interests you.

Take Care,

Gary Kohnke

Mortgage Rates Are On The Rise!

The Feds are starting to raise mortgage rates so if you haven't refinanced, now's the time to do it if it makes financial sense for you. When does it make sense to refinance? You have to evaluate a few things:

• Are you going to live in the house for a extended period of time?
• Can you at least drop your rate by more than a point and a half?
• What are the closing costs and how long will it take to pay that back?
• Is it financially advantageous for you to refinance?

These are just a few questions that you would want to answer for yourself before you go a head a refinance. Refinancing just to lower your monthly payment, is not a good reason to do it. Make sure that it is financially going to benefit you before you do it. Make sure that it fits with your financial plan. Always keep in mind that you are trying to build your net worth first! Making payments to yourself should always be your first option. Happy mortgage hunting for those's who are looking to do so.

To Your Financial Success!

Paid Surveys, Are They Worth It?

I wrote a article on Paid Surveys as I believe it is still a good way to earn money and prises. If you think about it, why not do some surveys while you are on your computer to gain some extra income to put towards your net worth savings. Most of them are quick to fill out and some of the survey companies have free software to help you fill them out quicker. Give it a try and let me know what you think? I would be very interested to know. I will be posting more wealth building tips soon so stay tuned!

Create Tax Deductions!

When trying to build your financial wealth, it is always a good idea to get some kind of income stream other then your job. If you were to start some kind of home business, it would give you some great tax deductions which would in turn help you to save money. Taxes are one of the biggest expenses we all face. Some people think that it is their house, but think again! The way our government is spending money, I can only imagine the ways they will figure out on how to pay it back. Start working on your own financial wealth because that is the best way to financial freedom.

Live for today, forget about tomorrow!

I remember my grandmother always telling me to watch my pennies and the dollars will take care of themselves. Have you ever heard of that expression? Now the copper in a penny is worth more then the penny its self! There are so many people today that don’t live by that philosophy. Why were people in the olden days more money conscious then they are today? Social Security is worse now than it has ever been. In the earlier years, they did not have to worry about getting their social security checks after they retired. Now, none of us know if Social Security will even be around.

Start to build your financial wealth so that you don't have to depend on our government. I don't know if their trust worthy enough. The polling says that all politicians are all crooks. I have to agree with them. Start putting money in your retirement plan immediately! You'll be amazed at how fast it will add up.

Liiving pay check to pay check!

Most people that I know live from check to check. What if there's a hick up in your job? What if you were to get laid off? Would you be able to survive on your savings account? Will you make enough money on unemployment to cover your financial obligations? The answer for most of us is a astounding NO! The first thing to do is save enough money to be able to get through 6 months if you were to lose your main income stream. Start to put 10% of your net pay in your saving account right away. I know that this sounds hard to do at times, but this is your first step in building your financial worth. If you do this first, you will be able to get by. Don't touch this account unless it is an emergency. The more money you save, the better you'll feel. Don't make excuses and start building your net worth with your next pay check.

Spending money is a lot easier then making it!

My father always told me that getting rid of money is a lot easier then saving it. Boy was he right. Money is one of the hardest thing to get and the easiest thing to get rid of. Some people don't even know what they spend their money on. Have you ever taken money out of the bank and the next day or to it's gone? I have done this plenty of times. A friend of mine told me to carry a pad of paper for a week and write down everything I buy. I did it, and couldn't believe all the money I wasted. I'm not a big believer in budgets because then you are just dooming yourself to your current income. Always pay yourself first! If you have a retirement plan at work, join it. put at least 10% of your check in your plan. you won't believe how fast that account will grow. There is no better investment then the power of tax free compounding. the earlier you start, the more you will have in your later years. Start building your net worth today!

Net Worth, What is it?

First of all, seeing the DOW rise 4 days in a row has to have some people excited. Maybe my mutual funds are on the rise! I sure hope so.
I think that building your "net worth" is very important. The earlier you start the better. Net Worth is the bottom line after you subtract all your financial obligations. In other words, take the value of your house, cars, saving accounts and what ever other investments you have and then subtract out your financial obligations. What you still owe on your house, cars, credit cards and what ever else you owe on. The bottom line is your Net Worth.
One tip I have on saving money is with your Insurance Company. Raise your deductible as high as you feel comfortable with. Low deductibles might make you feel good, but they don't do you any good. They say you shouldn't even report a accident under $500.00. Raising your deductibles will lower your premiums. Take that savings and add it to your savings account!

The DOW up 3 days in a row!

It sure is nice seeing the DOW up 3 days in a row. I'm not sure what that means, but maybe it's a sign that the economy is going in the right way. This doesn't mean that the recession is over, but I think that it is a good time to start to buy mutual fund shares. I never stopped through out this whole economy turn down. I know that if the US thrives once again, my mutual funds will be a great investment. I have never been one to buy individual stocks because the risk is to great. Besides, I don't like to have all my eggs in one basket. Now is the time to start building up your net worth. I think CITI Bank showing a profit has the bulls running once again.