Which of these two families would you consider to be wealthy? 1. Mr. and Mrs. Charles Bobbins. Charles is a forty one year old fireman. He and his wife, a secretary, have a combined annual income of $55,000 and a net worth of $460,000. Their low consumption lifestyle would enable them to sustain themselves for […]
Do You Make Excuses or Seize Opportunites?
Coker Tires is the world’s largest supplier of vintage tires, but it wasn’t always that way. Career coach Dan Miller tells the story of how this company, which started as a traditional service center in Chattanooga in 1958, saw their business gradually erode as the big-box retailers began dominating the competition. In 1974 the owner’s […]
Eight Win-Win Tips For Boomerang Kids and Their Parents
Grown children returning home is not a new phenomena; it has historically complemented recessions, high unemployment and simple financial survival. As you might expect, boomeranging children have become more common in recent years. According to a poll by Pew Research Center, nearly 1 in 7 parents with grown children had a “boomerang kid” move back […]
My Car Needs an Engine. Should I Sell it, Fix it or Junk it?
In my Change Your Mindset and Save a Fortune: 200,000 Miles is the New 100,000 Miles post, I bragged about my plans to save fortune by driving my sweet 1999 Cadillac DeVille at least 200,000 miles. Well, we have trouble in paradise: my Caddy has an engine flaw…a head gasket leak that cannot be repaired; […]
Five Steps to Give You Power Over Purchase
Have you ever made purchases you later regretted? Me too. I have written several posts about my Airstream purchase – one that I would have been better off avoiding. Let’s say you have planned and dreamed and saved for that car or TV or leather couch. Good for you. But slow down a bit before […]
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