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Investing

Investing for Retirement: Building Your Net Worth by Budgeting, Saving & Investing

Your first goal is to not spend more than you earn. In particular, do not carry credit card debt month to month. There is no point in trying to figure out how to maximize return for a given level of risk if you are in debt beyond your home mortgage (~4%) and low interest (1-2%) car loans. The reason for this is that you likely are spending more on interest for your loans and, particularly, credit card debt than you ever would recoup by investing an equivalent amount minus fees, taxes, and your high interest debt. Continue reading Investing for Retirement: Building Your Net Worth by Budgeting, Saving & Investing

Mike Connelly
Investing

Investing for Retirement: Overview

I began writing this book after several family members asked me for my perspective about investing for retirement. I shared a number of links to dense financial books and online financial management sites. For some reason, they didn’t have the time or inclination to read several bookshelves of books on investing. Instead, they asked me to distill all that information into something more straightforward. This book addresses investing for the typical individual investor. The information herein reflects the financial and investment knowledge that I believe everyone should possess. Continue reading Investing for Retirement: Overview

Mike Connelly