scott burns is a columnist who writes a financial column that
appears in the austin and san antonio papers
hes a financial guy who is better known for his couch potato
approach to investing
basically he recommends investing in index funds or etf funds
and let them do all the work for you at a reduced cost
last march he wrote an article on how we all need to change
our behavior and by doing so it will encourage america and
congress to do whats right
heres are some of the points he made i think we should be
all doing with some ogd editing
borrow less or none at all
get rid of credit card debt stop using them
pay off your student loans
defer buying that car or home
our economy has been based on consumer spending
one which we can not sustain
then use that extra money saved from paying off your loans and
pay off your house or your car
houses and cars and other things we buy are not going to
increase rapidly in value as before
those days are gone
that game is what has got us in the mess we were in
spend less than you earn
thats bode well for us here at the country n and has
left us in good sound financial shape as we enter our
retirement years
weve always lived financial conservatively
lived in a smaller home
drove not a mercedes but a toyota
it gets better mileage anyway
controlled our vacation but did take them
and did not ever live off credit cards
no matter your income level at the end of the month
if you overspend you are all at the same level
in debt
retain your investment return
we are all red meat for the financial institutions
the government has allowed them full hunting rights
so its them or us
he suggests using index funds and etf funds for your
retirement money and to move your money from the
high fee banks
both of these ive done
my ira funds charge me 0.15%
if you could really see what your ira or 401k was taking from
you each year you would be shocked
some fees are as high as 2+%
eg if i have $100,000 in my ira i pay $150 a year in fees
in yours you may be paying $2000 a year in fees
multiple that by 10 or 20 years and thats a lot of money
$1500/$3000 for me and $20,000/$40,000 for you
learn to share
its a not money way to make those around you better
i try to do this with this blog my involvement with the alzheimers
association habitat for humanity meals on wheels talking about
alzheimers and helping with gardening
there are things even one thing you can do too
cost is zero dollars
a good investment good return
for you and for society
be energy efficient and energy local
he says its oil not imports from china thats our biggest
economical threat
drive a more energy efficient car
drive less
support green energy as well as us energy production
decrease electric use
these are things we can all easily do
it seems more of us are listening as our energy conservation
and green production of wind and solar energy and our
energy production of gas and oil has decreased our
reliance a lot on foreign oil
he says the best definition of wealth he has seen is
you are wealthy when more money wont change where you live
what you eat what you wear what you drive or who you sleep with
we should all heed some of his advice
i know i have
but i was before i read his article
the organicgreen doctor
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