James Scott

I think my investing mindset has gone a little too far.

I have myself trained so well to put money into investments each month, that I don't want to spend my money on anything else.

I know I need a new vehicle, but I don't want to spend the thousands of dollars a new vehicle will cost me. I just keep driving the same car that is bound to break down at any moment.

I've never been a spender. I spend money on little things, but I generally hate to go shopping and I never care about my personal i… Continue

Liz Pulliam Weston from MSN Money wrote a good article about retiring when the stock market is tanking. Here's a few quotes from the article:

"Big drops in the stock market obviously can devastate retirement accounts. But the people most at risk are those who have just retired or who are about to retire.

That's because dipping into a shriveled nest egg can dramatically increase you… Continue

Do you just pay whatever the cable television company tells you to pay? I don't.

I just called to increase the number of channels I get. I was told it would be an extra $40 per month. I said that was too expensive and asked if they would check for any available special offers. I ended up getting all the channels I wanted for only $10 more per month. I saved $30 a month just by rejecting their price and asking if there was a lower price I could pay.

I'm sure many people just pay the price they… Continue

I like the idea of investing every month.

I have my investments set up on an automatic investment plan so I don't even have to think about it.

However, am I investing in the right thing? All my investments are doing poorly as the stock market continues to struggle.

Maybe I should be investing every month into a business or into real estate investments?

I guess the idea of buying cheap homes is the same as the idea of buying cheap stocks when they are doing poorly now.

The main hope is that… Continue

I'm relatively young so I'm taking a long-term view of my investment strategies. Because of this, I am trying to minimize my fees and taxes as I invest in very diversified index and mutual funds. I'm basically betting that the overall markets will rise over the next few decades.

I try not to watch investment advice programs on cable television, but I found myself on a treadmill at the gym watching MSNBC's Millionaires program. There were four millionaires giving advice about what we should inve… Continue