If you have children the best method to raising them might be to think of the type of adult you want to release on the world 20 years from the birth of your child. This is a way of thinking to set a goal of 20 years down the road, then have to think of the steps it takes to get there.
Short Term Goals Feed Long Term Goals
What if you think of the long term goal before anything else? I think it would be possible to make your life easier. The longer the term of the goal the longer the planning of the steps (and possibly more steps.)
Most veterans of the US Armed Forces who have the discharge status of “honorable” or “general under honorable conditions” didn’t serve long enough to have military retirement. Often a couple of years after discharge most benefits end. One benefit that ends immediately after discharge is the use of the military exchanges. As of 11 NOV 17 the ability to use the exchange has opened up for some veterans again.
College degree debt is the newest big debt trend that sinks people after mortgage debt, vehicle debt, & credit card debt. In the past the debt ratio to return on investment was lower then it is today. An ounce of prevention is worth a pound of cure so looking for way to prevent college debt is better than trying to pay off the debt…
Recently I’ve looked into purchasing a car to get a more reliable vehicle to get to and from work. I travel 66 miles round trip a day for work so a reliable car is needed to protect my ability to get to work and ultimately my livelihood. When you talk to the salesman often they make you think you can afford anything.
Of course going to some salesmen of cars for financial advise is like going to some stock brokers to ask about buying cars. They have some idea of what they are talking about but, it isn’t their specialty.
The tactic I have seen employed the most from the salesmen in my area is just talking about the payment per month. The total cost does not even enter into the conversation. Don’t get me wrong most salesmen are great guys and are doing their best to place you in a car; which is why you go to a dealership in the first place. Knowing the total cost “out the door” which includes tax, title, extra dealer charges is important.
Purchasing a car is like purchasing a pencil; only more expensive. The car like the pencil has a job to do and depreciates in value over time. Eventually they both can’t fulfill their purpose and are gotten rid of.
Radio host Dave Ramsey has a debt elimination framework he calls Baby Steps. It seems to work well from the people I have talked to who have used it. I often think many frameworks can be improved. This is just a not so quickie article on what ways I would tweak the Baby Steps to “improve” it. (In fact it is part II because part I started to get long)
Welcome to Part II
Radio host Dave Ramsey has a debt elimination framework he calls Baby Steps. It seems to work well from the people I have talked to who have used it. I often think many frameworks can be improved. This is just a quickie article on what ways I would tweak the Baby Steps to “improve” it. (Humbly I don’t know if I could but, that doesn’t mean I shouldn’t try.)
A few articles ago I analyzed the budgets and profits of Mockbuster movies. That got me thinking about what is the profit margin for big studio blockbusters and how does overhead effect the film’s success.