A Free Gift from David Bach

A piece of good advice from the elders:  Do Not Start the New Year in Debt.

Unfortunately,  for many people,  that just was not the case.   Most just did not know where to start.   Well, David Bach is coming to the rescue.    This best-selling author is on a mission to get America (and the world) out of debt and has been it is his personal mission in 2011 to “help one million people pay down a billion dollars in debt and start a new, debt-free life.”  He has just completed his 12th book ‘Debt Free For Life’ which is out in stores now.

For a limited 24-hour window,  you can download a free copy of David’s new book straight to your desktop. Then, you can read it at your leisure and let his tips work for you!  This offer is only available for 24 hours and ends at 11:59pm EST tonight.  (January 5, 2011).    Just click on this link and you’re on your way. Pass this piece of great news to friends and family members.

For more information on David Bach,  please visit his website.


24 hr Freebie Alert: Download David Bach’s Start Over, Finish Rich

“A recession is a terrible thing to waste–so don’t waste this one! Use it instead to get rich.”
— David Bach

I have personally declared 2010 as the year in which I get my financial house in order. Financial expert David Bach explains that this year will be the best opportunity for building wealth we have seen in decades. And, as the economy recovers, you must be set up to recover with it. David’s easy, take-action plan will show you how.

His latest book, Start Over, Finish Rich supplies the ten crucial moves you must make in 2010 to get back on track and recapture your dreams of a richer future. Learn how to:

* Get out of debt
* Fix your credit
* Rebuild and improve your retirement plans
* Take smart risks
* Reorganize your financial life for the high tech age
* Update your real estate plan
* Change your thinking about money
* Recommit to wealth

Now here’s the special offer: David has partnered with AOL and their Personal Finance site, Walletpop to make this book free TODAY ONLY.

Just click on this link to download your copy now.

So what are you waiting for? Hurry and learn how you can make 2010 your best year (financially) ever!

Planning ahead? Try using a Financial Calendar

I’m sure that we’ve all be in similar situations — plotted out our budget for the next 6-12 months —  only to wonder why it isn’t working.  Well, in my case,  I realized early on that I had forgotten to account for seasonality — big ticket expenses such as yearly insurance premiums and quarterly tuition payments.    I adjusted our budget excel sheet accordingly so we can now heave a sigh of relief ala Joseph during the time of famine.   =)

For those who would like to do the same and take a calendar-based approach to organizing personal finances,  there is a fantastic website called PocketSmith which can help you get started.  If you want to repay your debt faster,  see your savings grow, and track your expenditures against forecasts,  then PocketSmith will do the job for you.   pocketsmithUsers simply input their scheduled salary payouts,  bill payments, etc and have each of these categories repeat weekly,  fortnightly or monthly which is made relatively painless through integration with Google Calendar, iCal (for Apple users) and Outlook.  PocketSmith then calculates all incoming and outgoing transactions to generate a six or twelve month forecast.

What I particularly like about this online tool is that you can pick any given date and receive a predicted bank balance for that day.   If you see yourself being “in the red” right after Christmas,  you can adjust your scheduled ‘financial events’ and immediately see the changes reflected in the projected cashflow.    There are even dynamic, animated graphs which will give you an illustrated breakdown of your coming year’s finances.  It certainly helped us in finding ways to help us achieve our financial goals.

The basic version of PocketSmith is free, and subscribers can sign up for more premium versions at USD 5 and USD 12 per month.

Calling All Bloggers: Sign up for a FREE Personal and Practical Finance by Randell Tiongson, RFP

Blogging and Personal Finance.  These are subjects which don’t normally go hand-in-hand. =)

RT Seminar


Randell Tiongson, Director of the Registered Financial Planners Institute of the Philippines will conduct a free seminar for bloggers on personal and practical finance. Randell will be talking about the various financial instruments that you can invest on so that you can break out of the “rat race”.
All you have to do is to sign-up by either leaving a comment on Carlo Ople’s blog or by e-mailing oplecarlo@gmail.com. The event will be on June 27, 2PM-5PM at the Victory Center, Promenade, Greenhills, San Juan.
Slots are limited so sign-up now.

Btw,  if you would like to take your blog to the next level,  you may want to consider enrolling in  Anton Diaz’ webinars.  Go to http://antondiaz.com/mavensecrets/ for more details. 


Motherhood has a very humanizing effect. Everything gets reduced to essentials. ~Meryl Streep

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Who are you? How old are you? (in credit years)

Who are you?

We frequently get asked that question and and often talk about what we do for a living but seldom talk about our inner drivers – what motivates us to do the things we do. 

When buckling down to face a financial challenge, like paying off loans or budgeting for a house, we rarely take the time to figure out our money personalities.    It’s extremely important to come to terms with your financial self before tackling the big questions on spending & saving.  The Independent has come up with an excellent financial quiz which helps readers determine their money personality. 

Once you’re ascertained (with all honestry) your personality type,  then it’s time to buckle down to business.  For big spenders,  SpendonLife.com has come up with a simple questionnaire which,  when answered,  will help you gauge how old you are in credit years.   This quiz   helps you ascertain what goals you need to set in order to become a Credit Connoisseur – One who is the Master of One’s Finances (and not the other way around).   At 14 years old (in credit years),  I’m still very much a padawan.   I still tend to be fairly complacent about my bills and haphazard in the timeliness of my payments.   

So,  tell me, who are you?  How old are you?  =)

Motherhood has a very humanizing effect. Everything gets reduced to essentials. ~Meryl Streep

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Setting up an Emergency Account? Automate!

 “E.Q be damned.  I want that _____!  I’ll just double my savings in the next paycheck.”

Does this sound familiar?

Over the past few months,  a few readers have gotten in touch with me, realizing the need to build their 3-6 months emergency fund.  The problem they were facing was how to operationalize this.    We are surrounded by temptation and the increased convenience in which we can get things makes it extremely difficult to exercise restraint.  It is particularly difficult for young families who, come payday, are tempted to head out and treat themselves at the nearest grocery/toy store/restaurant/spa. 

My suggestion is to automate your savings via regular scheduled transfers.  When you make things automatic,  you remove the human element,  making it more difficult for you to mess up.  There are a number of financial institutions such as ING Direct, HSBC Direct and M&T Bank which offer high-yield online savings accounts such as M&T Online Banking with low minimum maintaining balances.  Put you money in the right place.    David Bach,  author of The Automatic Millionaire said it best:  “Not earning interest on your emergency money is almost as bad as burying it in your backyard.”  

What is important is that you do your research now and get your search engine working to find the best high-yielding savings account for you.  Oh, and remember,  in addition to a great interest rate your money should not tied up for a specific length of time, giving you convenient access to your funds.  Otherwise,  it would not be an emergency fund account.  =)

Motherhood has a very humanizing effect. Everything gets reduced to essentials. ~Meryl Streep

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Analysis Paralysis: What are the Best Financial Products for You?

Ok.  So you’ve  decided that 2009 will be the year in which you will commit yourself to putting your financial house together.   You’ve done a financial health check and discovered the vulnerable areas which need additional attention e.g  too much debt, too low a return on savings or onerous finance charges which could be restructured.   You’ve come up with an Action Plan which now needs to be implemented.

Then what?  Where do you go from there? 

The search for the best financial solution for YOU begins and quickly falters, faced with a gargantuan pile of leaflets and brochures from various financial institutions.  I wish there was a reputable Cliff’s Notes version,  wherein someone comes in,  sifts through the various products being offered and comes up with a crisp, concise, objective summary.  

Hmmmm…..welcome to the club of those stuck in analysis paralysis. 

There are a number of websites such as comparecards.com which act as product aggregators:  trawling the country to find financial institutions which offer the best CD rates, Online Savings Accounts/Checking Accounts, credit cards, mortgages, auto loans, insurance, personal finance calculators.   Go to them when searching for the best low interest credit card or for one which will allow you to balance transfer w/ no fee.  It is up to you to decide which structure is best for your financial situation.     Be sure to explore all the options available to you and most importantly, read the fine print before signing on the dotted line.    You might discover that the institution offering the best rates may not be giving you the best terms.

Not sure what is the best action point for your particular financial situation?  Grab a copy of Suze Orman’s 2009 Action Plan.   Go to the topic which worries you the most.  She cites numerous situations and suggests actions which you could take to improve your financial standard.  No matter what situation you’re in, you will find a plan of action and the answers to your questions about:

* Credit * Retirement *Savings and Spending*Real Estate*Paying for College* Protecting Your Family

 “In times of great stress, it is natural to react by making decisions and taking actions that bring instant relief.  When it comes to financial matters, often the decisions that calm us amid tumult are actions that can imperil our long-term security.” — Suze Orman

Motherhood has a very humanizing effect. Everything gets reduced to essentials. ~Meryl Streep

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