Paul

I would think it would be easier to start a business when the economy is strong. Starting a business during a strong economy when consumers are throwing their money at anything that moves would be easier than starting a business now when consumer spending is being drastically cut back. I'm trying to remain positive with my new business investments. For people who have been reading my posts on this site, you know that I got myself out of debt and now spend my old "debt repayment budget" on start… Continue

I saw an article about how younger people these days are expected to live 100 years or more due to improved technology. That got me thinking about my retirement planning and my overall expectations. So I'm doing a few things differently. First, I'm exercising more because I want to be healthy when I'm older. Second, I'm trying to invest more money now because I know that compound interest and the time value of money means the longer my money is invested the better it will do. I figure a few t… Continue

I always figured my best path to a secure retirement was to work hard and invest my money as early and as often as possible. The main obstacle was just a matter of figuring out what I should invest in to get the best return. Then I read an article on this site about how most of the nation's millionaires are entrepreneurs who started their own business. I have been prety focused the last few weeks on reading everything possible about starting a business. I'm trying to decide if I should start… Continue

Today is a very good day! I'm debt free! It has been a long project (and struggle) to reach this point. My debt problems started in college when I got a free t-shirt and a credit card with about $6,000 in "free" money to spend. Little did I know then how dangerous that first credit card would be. I left college with about $4,000 of credit card debt and about $2,000 in student loans. I should have realized the hole I was digging for myself, but I was fresh out of college with a new job and I wa… Continue

For the past couple of months, I have been thinking about an article I saw that said most of the millionaires in this country are entrepreneurs. When thinking about this, I also ran across a comment that said it is true that most millionaires are entrepreneurs, but it is also true that most entrepreneurs are not millionaires. So I want to continue investing every month into some sort of safe investments with a diverse asset allocation to keep me on track for a secure retirement. However, I ca… Continue