Ask anyone with kids and they will tell you – going out with the family can be expensive! Think about it – every activity you might do yourself is multiplied by the number of people in your family. Going to the zoo by yourself could cost you $10, for example, but for a family of five that could be $50 just to walk in.
Have you seen the latest commercial for the new Volkswagon Jetta? In the ad (called Moonighting), the main character, Tom, is working as a nurse (? I think) and he sees some ads for the new Jetta. He then goes through the classified’s and proceeds to take on a number of jobs in order to afford the new car.
Here is what we see Tom doing to earn money:
- Nurse – what appears to be his regular job.
- Golf ball collector at a driving range – you know the guy that drives the little car that gets hit with golf balls.
- Self-defense dummy – you see a group of women beating up on him while he wears padding.
- Dog walker.
- Dresses up as a hot dog and hands out ads for a food joint.
- Bicycle cab driver.
- Rodeo clown.
- Nude model.
We know how important a credit score is these days, don’t we? Yet many people still insist on doing what they can to destroy their score. Since some want to have a train wreck of a credit score here are five guaranteed ways to lower your score:
1) Pay your bills late. Here’s a good one to lower your score. Pay your bills late, especially loans and credit cards. And I’m not talking a few days late, I’m talking 90-plus days late. Wait until you get a collection notice, why dontcha? (According to Credit.com, accounts 90-days late can damage your score up to 7 years. Bingo!)
Ever run across someone that gives their children everything?
All the latest clothes, electronic gadgets, extracurricular activities, lavish weddings, education, you name it they have it. And then you find out the parents are struggling to keep their heads above water financially. Not “we’re just getting by.” No. I mean one month they don’t pay cable, another month they miss the electric bill; the rent gets paid late; always something and always “it’s for the kids!”
Investors construct their portfolios based on investment goals and risk tolerance by assigning appropriate weights to different asset classes and categories (or how much dough should go to each class). Over time, as market conditions change, investment performances among asset classes change but not in the same amount at the same time. Some assets may grow faster and become over weighted, while others fall behind and become under weighted. As a result, the risk profile of the portfolio is altered (you have too much invested in certain classes). Without proper adjustment, the current portfolio would have a higher or lower risk depending on the relative values of over weighted assets and under weighted assets. Portfolio rebalancing brings a portfolio’s current asset allocation back to the original mix so that investments can be realigned to initial investment goals to maintain an appropriate risk level.