Smart Spending During Holiday Season

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 336 – December 2 “A man is a person who will pay two dollars for a one-dollar item he wants. A woman will pay one dollar for a two-dollar item she doesn’t want.”—William Binger People often moan about their budget-busting behavior during the holidays. They shop from their “See-it-want-it-get-it” mentality. As they bustle through the malls, shopping for the perfect gifts for their husband, children, boss, Aunt Sally and Uncle Harry, they lose all control over spending. They forget their spending priorities, giving their credit cards a major workout. They remember—too late!—when the bills start arriving … [Read more...]

College Costs

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 289-October 16 “Too caustic? To hell with the cost, we’ll make the picture anyway.”—Samuel Goldwyn According to census figures, here are the average annual earnings of Americans, based on their level of education: Education Level Male Female* No high school diploma        Male: $16,818    Female: $8,861 High school diploma              Male: $25,453   Female: $13,407 College diploma                      Male:  $47,126   Female:  $26,401 Think it might be a good idea to go to college? College graduates make nearly double the income of high school graduates who don’t go to college. If you … [Read more...]

Retirement Planning

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 239-August 27 “It isn’t necessary to be rich and famous to be happy. It’s only necessary to be rich.”—Alan Alda She was fifty-five years old and worked on an assembly line for a major corporation. It was time to retire, she told Dianne, the certified financial planner. Other people she knew didn’t have much money and were retiring, and she felt she should, too. “How much money do you have in your 401K plan?” the financial planner asked. “Around $20,000,” she replied. “And do you have additional savings?” “No.” “Investments in real estate?” “No.” “Alimony? Expectation of inheritance? … [Read more...]

Rewarding Investments

Updated insider information by Chellie Campbell, author of “The Wealthy Spirit: Daily Affirmations for Financial Stress Reduction” 174-June 23 “Inflation is the crabgrass in your savings.”—Robert Orben Anne Farrelly, a financial planner in Los Angeles and author of Invest Without Stress gave me some figures years ago regarding particular investments: If you had invested $10,000 on December 31, 1979 in the following companies, this is the amount of money you would have earned from that investment by December 31, 1989—just ten years later: Neutrogena $286,000 MCI $294,000 The Gap $355,000 Wal Mart $530,000 The Limited $615,000 Circuit City $810,000 This is very good money to be making while you’re sleeping. Ann went … [Read more...]