Tag Archives: socks

What to Do with Trash

According to the Environmental Protection Agency, we Americans produce approximately 220 million tons of garbage each year. In case you were wondering, that is enough trash to cover the entire state of Texas – twice! It is estimated that each of us produce, on average, about four pounds of garbage each day. That’s about all the statistics I am going to go into because math hurts my head, but let’s just say, we have tons of trash. Of course, you can use some of it to make compost, but, you can turn some of your other trash into useful items … Continue reading →

Easy Winter Craft Idea

Here’s a simple and affordable craft that will keep your kids busy for hours on a cold winter’s day. These cute sock snowmen breathe new life into old stockings and allow your children to utilize their creativity in the decorating process. The adorable snowpeople can be made from any size sock you want to recycle. For example, if you want to make a baby snowman, then use children’s socks. For a snow mommy, use women’s socks, etc. SOCK SNOWPEOPLE Materials: 2 pairs of socks, one pair of white socks and the other with stripes or other patterns (tube socks work … Continue reading →

Mutual Fund Terms

When investing in mutual funds, there are many terms to know and understand. However, they are not always common knowledge. To better help you evaluate your investments and understand what your financial planner is telling you, let us discuss some common terms. 1. Equity Funds – These funds invest only in stocks. 2. Fixed Income Funds – These funds invest only in bonds. 3. Growth Funds – These specialize in companies expected to grow quickly, particularly when compared to similar companies in the same industry. 4. Index Funds – The fund managers of these funds try to match the stock … Continue reading →

Weekly Recap for May 18 to May 24

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With all the news about the poor economy, we all need a few Investment Strategies in a Volatile Economy. Just because things are tougher these days, it doesn’t mean you can’t still get ahead. No matter how old you are or how strapped you are for cash, you should always keep your Retirement and Future Plans in mind. When you are in your prime working years, it is the best time to arrange for the future. If you are nearing retirement years and just realized you may not have enough saved for the day you stop working, then it is … Continue reading →

Get Your Kids Investing

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Want to start your children on a good path towards financial freedom? Start teaching them investing skills now. As soon as they are old enough to talk, they can start getting involved with the basics of money. Once they are in grade school, you can begin to teach them the valuable skills of investing. Some tips on just how to teach your kids some investment skills are: 1. Start by explaining what investing is. Not exactly sure yourself? Typically most kids understand saving — where you are putting money aside to buy something later, adding to that money as you … Continue reading →

Retirement and Future Plans

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Often in our income earning years, we focus only on our immediate needs and wants. However, this is a very shortsighted view, one that could hurt you down the road. When you are in your prime working years, you will be accumulating the most wealth. In order to ensure you meet your long-range goals and plan appropriately for retirement, you must focus on the future. The time during your working years is the best time to invest for the future. You have the most opportunity to earn money and you have the advantage of time to let it build. One … Continue reading →

The Sock Fairy

You’ve heard of the Tooth Fairy, the Easter bunny, the Sandman, Santa Claus? Well, there’s a new mythical being on the block – the Sock Fairy. By night, she sneaks into bedrooms and places new socks in the drawers. By day, she sorts the laundry and throws the old socks away. If she’s really on the ball, she’ll get distinctive socks for each member of the family so everyone knows whose socks are whose. Mothers do a great many thankless jobs. I guess I’m lucky—I do get thanked for the thankless jobs. Sometimes my husband even brings me Ben and … Continue reading →

Asset Allocation

The basic concept of diversifying your assets is found in the classic saying, “don’t put all your eggs in one basket.” If you have all your eggs in one basket and a large rock falls on it, all the eggs crack. Needless to say, if you have all your money in one company’s stock and that company goes out of business… your money cracks as well. The meaning of asset allocation is the spreading out of your money over lots of different kind of investments. Good examples of these assets include stocks, bonds, and savings accounts. You should spread your … Continue reading →

Investment Risks

My husband and I had a recent conversation the other day about investments I thought would be interesting to share. We discussed that there are two kinds of risks with investing. Most people think there is only one kind of risk… The first risk is the obvious one, market volatility. When newbie investors launch into the stock market this is the risk that scares them. Will the value of my portfolio go down? Can I lose money? With any stock investment strategy, there is the potential to lose money, yes. Nevertheless, playing it safe is also a risk. The second … Continue reading →

Look for Opportunities

Where many people see dead ends, others see an opportunity. There is no truer place for this then with money. As the stock market continues on a downtrend and the housing bubble bursts, most of us see the current road to money success as a dead end. Instead, we have to learn to change our thinking. Every ending is actually a beginning. Where a financial opportunity seems to fail, actually another one is brewing. Start looking at losses as potential gains. With this attitude in mind, you will set yourself apart in terms of making money work for you. Let’s … Continue reading →