As featured in The Wall Street Journal, Money Magazine, and more!

January 2004

The Power of Residual Value

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MSN Money – 10 cars that lose value fastest – Save on a Car

Do you own a car that retains a good portion of its value over time or does your car depreciate fast? This article gives some insight and informs the reader about situations where depreciation doesn’t matter as much.

An additional article talks about the dangers of being upside-down on your car loan. Pay it off quickly! The problem is people get an “itch” for a new car that they have to have, and of course, desires like these are completely supported by the media and salespeople. Downpayments are lower, terms of the loan are longer… these factors all contribute.

Millionaires Revisited

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An update on our Millionaires in the Making – Jan. 20, 2004

CNN/Money’s “Millionaire in the Making” feature is a favorite of mine. In this article, the columnist follows up with four previously-featured couples to see how they’ve progressed and to find out how many times they’ve been invited to be on Oprah.

Financial Update – January

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It has been a month of gift giving and trip taking, so I’m not expecting to see much progress. To the tape!

  January 17 December 17
Cash Accounts: $ 13,760 $ 14,621
Taxable Investments: $ 3,189 $ 2,974
401k (Pre-Tax): $ 8,919 $ 8,250
Roth IRA: $ 1,763 $ 1,416
Credit Cards: ($ 1,821) ($ 2,918)
Student Loan 3.97%: ($ 1,720) ($ 1,727)
Student Loan 2.82%: ($ 9,250) ($ 9,250)
Home Inventory: $ 9,359 $ 9,259
TOTAL $ 24,254 $ 22,626

Well, it’s definitely not a huge increase. I’m planning on cutting back my spending by making my lunch more rather than going out… I tried this last year but gave up after my lunch bag was destroyed. I’ll pick a new one up this week.

If I Were Suddenly A Rich Man

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Ask the Expert: Investing a windfall – Jan. 16, 2004

Here are some tips for a course of action when you receive a large sum at once, a problem most people would be interested in having. The author invokes Eminem while cautioning against financial advisors.

Debt is Bad, Mmkay

by Luke Landes

MSN Money – 5 tales from debt hell – Manage Debt Five individual readers of MSN Money Central are singled out in this article for asking the tough questions. They’ve made mistakes, and the author gives them some of the sympathy they deserve. The stories “from debt hell” include co-signing a loan with a relative, ... Continue reading this article…

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Having a Good Plan

by Luke Landes

Save regularly and don’t forget to floss – Jan. 5, 2004 This family has a great plan in place. Sure, they’re in the red now, but with a dentist’s earning potential, that won’t stay the case for long. The family puts $200 aside each month for their car payment, even though their cars are paid ... Continue reading this article…

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Holiday Debt

by Luke Landes

A simple plan to banish holiday debt – Jan. 2, 2004 The holidays are over, but if you’re like most people, you’ll be paying for it for more than a year. CNN has a debt planner which can be a reality shock for some people.

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