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Mar 16 2011
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Knowing

The Piece of Paper Every Guy MUST Have

OK, I know most guys do NOT like talking about boring stuff like money, insurance, and investments so I’ll make this quick. EVERY man needs to have a piece of paper with the following information on it either in a place where a few people know where to find it or in the hands of a few people. I’ve done this and it takes maybe a couple of hours to pull the information together. But the good news is once you do it, you can pretty much forget about it.BANKING INFO
Bank Name
Branch
Account Number(s)
Online Access Login Name and Password

INVESTMENT
Company Pension Account including Beneficiary, Account # and Contact Information
401K Account Number, Management Company Contact Information
Online Trading Account, including login/password information
Stock Broker contact info
Union Investment Account # and Contact Information

LIFE INSURANCE
Agent Contact Information
Company
Policy #
Face Value
Location of actual policy (needs to be in a safe or bank safety deposit box)

LOANS
Car loan account # and lender contact info
Credit card account # and issuer contact info

WILL
Location of your will. (If you don’t have one, get one NOW)

That’s it. With this information anybody could take of your stuff if something happened to you. If you’re married, you cannot imagine how much peace of mind this piece of paper will give your wife. So turn the TV or computer off for a couple of hours and take care of your stuff!

Oct 07 2010
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Knowing

Men and Women Are Different

This picture illustrates something that I tell my wife and daughters all the time: don’t over analyze men, we really are this simple. I know it doesn’t seem possible, but it’s true. Also, don’t see it as a negative, instead be glad that we’re that simple.

This picture is also a reminder to me that my wife and daughters are not guys and I can’t react to them like I do other guys. Because women are more complex, I’m not naturally going to know how to respond to them so that means I have to become a student of  women. This is not a negative, it’s just how God wired women.

Apr 08 2010
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Knowing

Warren Buffett on Money

Warren Buffett is a smart guy when it comes to money. You don’t get to be in the top five richest people in the world by running up huge credit card bills or not knowing how to invest wisely. This guy knows what he’s talking about and it’s not all that complicated. Check out his principles:

1. Have Enough Cash So No One Can Determine Your Future.

Here’s what Buffett said about this “We pay a steep price to maintain our premier financial strength. The $20 billion-plus of cash equivalent assets that we customarily hold is earning a pittance at present. But we sleep well.” Most of us can’t identify with $20 billion in cash but everybody has a margin number they need. Some say it’s 3-6 months of expenses while others say it’s 3-6 months of income. Every man needs to identify what will help him sleep well.

2. Invest In What You Understand

It doesn’t matter how good a deal you’ve found or how cool an investment opportunity seems. If you don’t understand how it works, steer clear.

3. Bad Economies Are Opportunities For Good Investors.

Keep your head about you when others decide with fear and you’ll find bargains every where you look. Buffett looks at the current economy as a great opportunity to stock up on groceries at 50% off.

4. Bedrock Principles Are Immune To Downturn, Ride Out The Cycle.

If you’ve followed #1 you’ve got your cushion so you’re not afraid of the inevitable economic downturns.

5. Best Word An Investor Can Know is “NO” & Don’t Overpay

The goal in investing is to end up with more than you started. You can’t do that if you overpay. Don’t be afraid to walk away

Warren Buffett is an investment stud and the principles he follows are simple. Go and do likewise.

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