The Super Bowl will be played in a few hours when my hometown Saints will face the Colts. To prepare for this big day each team has put in hours of preparation time so they can execute their game plan to win the game.  The Saints have designed a defensive game plan to stop the Colts and Peyton Manning from scoring while the Colts have designed a defensive game plan to stop the Saints and Drew Brees ( I hoping the Colts game plan does not work). Just like each Super Bowl team has designed their offensive and defensive game plans to win the Super Bowl. You should design your own personal financial game plan to help you simplify your personal finances so you can win the personal finance game.

Read the rest of this entry »

We all wish it would happen to us one day.  We dream what our lives would be like and all of the things we would buy and the vacations we could take.  But would winning the lottery really simplify your personal finances. It will help you paid off some debt and depending on the amount of money you win you may be able to quit your job. Will paying off debt and quitting your job solve your financial issues?  For some maybe.

Read the rest of this entry »

I am always discussing ways to help you simplify your personal finances.  But many times I hear so many excuses why someone has not simplified their personal finances.  I have decided to give up and stop trying to simplify my personal finances.  What’s the point of simplifying?  There are so many conveniences that I would have to give up  if I simplify my personal finances.  So here are my reasons why I have decided to not simplify my personal finances:

Will never retire so I have decide not to save for retirement. I can instead spend the money on a new car maybe two.  I already have social security deducted from my pay check.  So why do I need to have additional funds put into a 401K.  Having the government set my asset allocate works for me. They do not lose money.  Social Security will be available when I am 65 at least 30 to 40 years from now.

Read the rest of this entry »

How do I know if I need to simplify my personal finances? What should I look for to determine if I need to simplify my finances? Some signs stick out like a sore thumb while others are not so obvious. Here are some signs that are good indicators that you need to simplify your personal finances.

Read the rest of this entry »

In Brian Tracy’s book titled 21 Success Secrets of Self-Made Millionaires he describes the 21 traits that were found in self-made millionaires. This book was a good read and also made me think why can’t we apply some of these traits to help you simplify your personal finances.

Read the rest of this entry »

Which one of your financial habits do you wish you could break?  We all have habits we have developed over time.  Some habits we develop prevent us from living the financial life we desire or reaching the financial goals we set.

Here are 8 financial habits you must break in order to help you achieve your financial goals and objectives as well as begin to live a simplified financial lifestyle.

Read the rest of this entry »