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3 Points

Determining the Present Value of a Future Pension Benefit

Posted by FinanceMom on 10/7/2007 at 7:15 PM | 3 comments | 23855 views
I imagine that many members of NetworthIQ have pensions as well as 401(k) plans. These are very difficult to value, because they haven't been completely earned yet. However, your employer should be able to tell you how much your annual pension benefit wi [...]
3 Points

"Payoff your 30 yr mortgage in 8-13 years!" - Program Explained

Posted by freesolniq on 7/11/2008 at 9:29 PM | 9 comments | 7878 views
For the past year or so I have been hearing and reading more and more about money merge accounts, MMA, Ufirst financial, australian mortgages etc... all about how they can help you pay off your 30yr mortgage in 8-13 years on average. First and foremos [...]
0 Points

Median income vs Mean/Average income

Posted by markwws on 6/16/2008 at 6:19 PM | 1 comments | 7300 views
When reporting the household income in the United States, almost all sources will use the "Median Income". Ever wonder why this metric is being used instead of the "Mean Income"? The "Median Income" for the the US in 2004 is $43,389 while the "Mean Inco [...]
3 Points

Summary on Dave Ramsey's Total Money Makeover - 7 Baby Steps

Posted by Kalihi_Kane on 6/23/2008 at 10:32 AM | 4 comments | 6699 views
This is one financial plan that is worth consideration: Step 1: Save $1,000 as a Starter Emergency Fund. Step 2: Start the Debt Snowball until only mortgage remains. Step 3: Finish the Emergency Fund (3 to 6 months expense). Step 4: Invest 15% [...]
74 Points

Collection of the best advice I have received along the way

Posted by chilaw on 3/16/2007 at 12:41 AM | 12 comments | 4093 views
Read as many personal finance and investment-related books as possible. Taxes too. After that, read them all again. You are your own best advisor. Go to college and get your degree. Engineering, law, business, and medicine are usually particularly [...]
26 Points

Dealing With the Liability Side of the Net Worth Equation

Posted by Blogging_Away_Debt on 4/25/2007 at 3:53 AM | 6 comments | 4033 views
We've been aggressively decreasing our debt for over a year now. It seems like it is taking forever, but in hindsight it hasn't been too bad. Along the way, I've learned a few things that may help others and I thought I would share them here. 1.) Fir [...]
10 Points

The magic of Compounding Interest (and the perils of procrastination)

Posted by azphx1972 on 8/9/2007 at 5:03 AM | 4 comments | 4022 views
I've been reading Knute Iwaszko's "The 401(k) Millionaire", and his number one rule for 401(k) investment success is to start early. This is thanks to the magic of compounding, which is explained here: [...]
16 Points

Cardinal Rule of Personal finance

Posted by Sargonas on 3/14/2007 at 5:22 PM | 15 comments | 2586 views
It is rarely a good idea to finance a depreciating asset! I recently graduated and have had to watch my friends make one of the biggest mistakes in personal finance. The second they got jobs they went out and financed a new car. The only reason to [...]
22 Points

Ignore Everybody Else

Posted by moneyunder30 on 4/11/2007 at 3:25 PM | 11 comments | 2480 views
Whether you're trying to get out of debt or make millions, ignore everybody else. Why? Your friends are going to have clothes, cars, and houses that you might want, but you can't compare yourself to others. Your loved ones are going to tell you not [...]
1 Points

Run your debit card as a credit transaction

Posted by freelancer on 2/6/2008 at 11:42 AM | 3 comments | 2344 views
One of my biggest annoyances when reconciling my accounts in various personal finance managers (I use Money and am experimenting with the new online ones as well) is how only the address of the merchant shows up in the transaction. Usually, it's easy to r [...]