How to Cure a Credit Card Hangover

Ah, late January… a time of colder temperatures, snuggling around a warm fireplace…and December’s credit card bill waiting like a bomb in your mailbox.

Nightmare!

Did you overspend during the holiday season? If not, many people you know made up for you. According to this Bloomberg Businessweek article, consumer debt rose more in November of last year than it had in 10 years.

Although analysts call this a “good sign” for the economy, doesn’t this statistic frighten you? Weren’t we just   Continue reading this post >

5 Lessons from 2011

This time of year I like to look back over the last twelve months and reflect. For me, life is about making mistakes–mentors have told me that if you don’t make any mistakes, you aren’t moving fast enough. This year has been a whirlwind, so I must have made some real doozies!

While it certainly can be difficult, I try not to dwell on my missteps as long as I learn from them. At this time of year, I also like   Continue reading this post >

Build Your Financial House of Brick

Remember the three little pigs? Sure you do. The moral of the nursery rhyme was simple:  build your house right the first time and it won’t be blown over.

In the arts, we’ve all heard this advice before. It’s the quality of our work that brings people back. We’ve watched suspiciously as performers with gimmicks shoot to the heights of fame for a few brief moments; but it’s only quality work that helps ensure a long, prosperous career.

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A Few Simple Tips to Save Money

I was out to dinner the other night with some friends and we were laughing about the questions strangers will ask as soon as they find out your profession. One friend who is a doctor – always gets a medical question. Our lawyer girlfriend is often asked whether certain (sometimes dubious) behavior is legal. Me? When I tell folks about Abundance Bound I can pretty much count on being asked for “just a   Continue reading this post >

5 Steps To Protect Your Sanity This Fall

 

Ah, September…the month leaves begin to change from green to shades of red and yellow. Sounds of fall sports and school buses fill the chilled autumn air.  And my thoughts turn to the holiday season and the pageantry, colored lights, office parties, family and a new year upon us.

Huh?  Are we still talking about September?

Getting your financial house in order is about planning for the future. One single month of the year causes my clients more financial pain than any   Continue reading this post >

Fighting Fear

At age seven, I was sure there was something living under my bed. Some nights I was certain I could hear the shallow breathing of the beast just waiting for me to dangle a leg or arm out. I’d tighten the covers, tuck in my feet and sleep in a blanket cocoon.

Miraculously, the next morning, the beast was gone. I’d laugh that I’d escaped another night’s terror and live without fear until the sun started to set and my mom   Continue reading this post >

The REAL Road to Wealth…

Last week, an old friend called to meet for lunch. I suggested we try a comfortable mid-priced place with a patio, but she insisted on one of the nicest restaurants in town. Arriving, I couldn’t help but notice that her car was worth about double mine. She was dressed from head to toe in designer clothes and sported a pair of sunglasses I suspected cost so much that I’d be far too nervous to wear them. I was surprised to   Continue reading this post >

When Are Seminars & Workshops Worth The Price?

WHEN ASKED by Kiplinger about financial planning for individuals, President Obama recently said, “Spend on things that are going to increase your productivity and your income over the long term.” I agree with this sentiment. I get excited about purchasing items and services that can multiply the amount I’ll earn over the course of my career. It’s money well spent. Abundance Bound is built on the philosophy that knowledge increases your wealth.

I mention this quote because in the mail I   Continue reading this post >

From the Mailbag

Ever wondered if there was a way to get your blog dose in a bite-sized portion? I’m happy to announce that there is! I’ve received a variety of short questions over the past months, which normally I’d answer directly. I realized that we can spread these great tips to as many people as possible by posting answers periodically in the blog. So, with that in mind, here’s our first segment of “From the Mailbag.” Enjoy!


Miata,

I love your site and   Continue reading this post >

When Debt is the Only Way

CONGRESS appears to be nearing a fight about debt. I don’t want this to be a political discussion, but often current events can help us look at our own financial picture more objectively. Some members of Congress assert that they will not allow the United States debt ceiling to rise. Others, recognizing the huge gulf between the amount of money available and the amount that needs to be cut in order to balance the budget, seem willing to talk about   Continue reading this post >