{"id":13262,"date":"2013-01-27T11:30:06","date_gmt":"2013-01-27T17:30:06","guid":{"rendered":"http:\/\/ishmaels.net\/blog\/?p=13262"},"modified":"2013-01-27T11:30:06","modified_gmt":"2013-01-27T17:30:06","slug":"dont-it-up","status":"publish","type":"post","link":"https:\/\/www.ishmaels.net\/blog\/2013\/01\/27\/dont-it-up\/","title":{"rendered":"Don\u2019t ****it up\u2026"},"content":{"rendered":"

Great stuff from StreetTalklive \u2013 Lance Roberts\u2026<\/a><\/p>\n

Here are of the major guidelines:<\/p>\n

1) Separate WANTS<\/strong> from NEEDS<\/strong>.<\/p>\n

2) Live on 60-70% of what you make<\/strong>.<\/p>\n

3) Get rid of credit cards<\/strong> and live on cash.<\/p>\n

4) If you can’t pay for it with cash – you can’t afford it.<\/p>\n

5) With interest<\/strong> rates as low as they are – mortgage debt is okay as long as your monthly payment, taxes and interest<\/strong> are not more than 25% of your income.<\/p>\n

6) Use a service to track expenses real time (www.mint.com<\/a>)<\/p>\n

7) Fully fund your 401k or retirement plan first.<\/p>\n

8) Keep 6 months of salary in CASH<\/strong> for emergencies.<\/p>\n

9) You are a SAVER<\/strong> not an INVESTOR.  You can’t afford to lose money in the markets.<\/p>\n

10) Paying for kids college is great – as long as it doesn’t detract from your own savings goals.<\/p>\n

11) You only get one shot to save up for retirement – don’t **** it up.<\/p>\n","protected":false},"excerpt":{"rendered":"

Great stuff from StreetTalklive \u2013 Lance Roberts\u2026<\/p>\n

Here are of the major guidelines:<\/p>\n

1) Separate WANTS from NEEDS.<\/p>\n

2) Live on 60-70% of what you make.<\/p>\n

3) Get rid of credit cards and live on cash.<\/p>\n

4) If you can’t pay for it with cash – you can’t afford it.<\/p>\n

5) With interest rates as low as they are – mortgage debt is okay as long as your monthly payment, taxes and interest are not more than 25% of your income.<\/p>\n

6) Use a service to track expenses real time (www.mint.com)<\/p>\n

7) Fully fund your 401k or retirement plan first.<\/p>\n

8) Keep 6 months of salary in CASH for emergencies.<\/p>\n

9) You are a SAVER not an INVESTOR.  You can’t afford to lose money in <\/p>\n

“And Now the Rest of the Story – “Don\u2019t ****it up\u2026<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-13262","post","type-post","status-publish","format-standard","hentry","category-uncategorized","odd"],"yoast_head":"\nDon\u2019t ****it up\u2026 - And That was How it Went<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ishmaels.net\/blog\/2013\/01\/27\/dont-it-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Don\u2019t ****it up\u2026 - 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Maybe you can use it as well?\u00a0 From Mark Minervini Blog \u00a0 \u00a0 10 Steps to take to lessen portfolio\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4253,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/01\/10\/managing-the-10-most-prevalent-investment-risks\/","url_meta":{"origin":13262,"position":1},"title":"Managing the 10 Most Prevalent Investment Risks","author":"wd0ajg","date":"January 10, 2011","format":false,"excerpt":"Time Horizon - the amount of time you can spare to have your money tied up in an investment. Investment mismatch is where money that is earmarked for the short term is invested in a long term strategy and vice versa.","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":987,"url":"https:\/\/www.ishmaels.net\/blog\/2010\/07\/18\/investing-and-politics\/","url_meta":{"origin":13262,"position":2},"title":"Investing and Politics","author":"wd0ajg","date":"July 18, 2010","format":false,"excerpt":"Doing some of my weekly financial reading - not that it helps me much as I can still make huge mistakes but some of the things I read just hit a real logical spot. like this statement from one of those investment letters you can end up with. \"It's virtually\u2026","rel":"","context":"In \"APRS\"","block_context":{"text":"APRS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/aprs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12585,"url":"https:\/\/www.ishmaels.net\/blog\/2012\/08\/12\/working-up-north\/","url_meta":{"origin":13262,"position":3},"title":"Working up North","author":"wd0ajg","date":"August 12, 2012","format":false,"excerpt":"I guess I should get back to posting about some of the things I see.\u00a0 I have been in Canada for a week now and seen some things\u2026 much of it the same things I saw about 15 years ago\u2026 Really nice up here, temps are good, but more impressive\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"SAM_4819","src":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2012\/08\/SAM_4819_thumb.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2012\/08\/SAM_4819_thumb.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/ishmaels.net\/blog\/wp-content\/uploads\/2012\/08\/SAM_4819_thumb.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":5012,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/02\/21\/5-more-year-of-the-bear-or-not\/","url_meta":{"origin":13262,"position":4},"title":"5 more years of the Bear or not?","author":"wd0ajg","date":"February 21, 2011","format":false,"excerpt":"I read this and then read it again.\u00a0 Interesting and thought provoking.\u00a0 If we could only glance into the crystal ball and know when to get out once and back in at the proper time.\u00a0 But alas that is not possible.\u00a0 I have been selling some stocks this year, clearing\u2026","rel":"","context":"In \"BBS\"","block_context":{"text":"BBS","link":"https:\/\/www.ishmaels.net\/blog\/tag\/bbs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.thereformedbroker.com\/wp-content\/uploads\/2011\/02\/antigravity.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5864,"url":"https:\/\/www.ishmaels.net\/blog\/2011\/04\/24\/elmer-guideexcellent-article-form-arrl\/","url_meta":{"origin":13262,"position":5},"title":"Elmer guide\u2013excellent article form ARRL","author":"wd0ajg","date":"April 24, 2011","format":false,"excerpt":"This was an excellent article on the Elmer Guide.\u00a0 We should all try a bit harder.\u00a0 His points for an Elmer, trying to get some interest in young people, is set out in three very good points: 1. 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