Is buying a new car a smart investment choice?

I always believed that buying a new car was never a good investment. Now with Chrysler filing bankruptcy and General Motors on the verge of filing, it could pay off to buy a new car. There were Chrysler dealers selling new cars at 50% discounts. You also could get 0% finance rates for up to 60 months. The deals on new cars have never been better than they are right now. A few years ago, I always believed in buying slightly used cars and letting someone else take the depreciation hit. Now buying a new car looks like a good choice. Believe me, I never like to see people losing there jobs and companies going out of business, but someone will buy these cars and the government will back the warranties. Remember though, if you can't afford to buy the car in 3 years, then I believe you can't afford to buy the asset. That is a rule I have been living by my entire life. Who wants to pay for a car for 5 years? I certainly don't. Anyways, good luck to your financial future and being happy is always my first option.

To your success!

What is The Right Amount of Money to Save For Retirement?

People have often asked me what is the correct amount of money to save for their golden years. I only have one answer to that, "as much as you can"! Obviously, the more money that you save the better off you'll be in your retirement years. A rule of thumb is to put at least 15% of your gross income in to your retirement plan. The more money you make, the less you will be able to put in to your 401K plan. There are rules set by the government on how much you can actually put away. These rules were established so that the rich couldn't just put all their money in to their retirement plan to avoid paying taxes on the money. I am not sure how much you can actually put in your 401K, but you can also start putting money in to your own IRA accounts if you maxed your company retirement plan out. There's rule about that also, but a good account would know what to do. Unfortunately for me, I am not in that situation. I wish everyone good health and great investing!

The DOW Roller Coaster Ride!

Watching the DOW Jones Industrial these days is like riding a roller coaster. One day its down and the next day it's up. I guess that we just have to take the ride and see where it lets us off. I hope that some day it will settle down and start to take us for a steady ride. All the experts are saying that the recession has peaked. I'm not sure what that means, but maybe the economy will start to settle out and grow at a sustainable rate. Hopefully the stock markets will start to show a steady return and all of our investments will be on the rise again. Until then, we'll just have to ride the roller coaster until we can get off. Hopefully all of us won't be getting sick! I wish everyone good health and happy investing! Until next time, ride the roller coaster.

Happy Investing!

Paid Survey Program

My team and I have researched a lot of Paid Survey programs and have found most of them to be frauds. I have talked to the owners and some of them laugh at how bogus there programs are. The funny thing is, they are laughing all the way to the bank. I hope that you haven't fell victim to some of these programs as I did. We have found a few of them that actually run legitimate businesses and are dedicated to helping there customers. You can visit my website to read our reviews. If you have any questions, please write back to me.

http://www.moneytakingsurveys.com

Interest Rates at Record Lows!

With the interest rates being so low, now would be a great time to refinance your house if your rates are at least a point higher then what you would get when you refinance. There are a lot of mortgage companies offering no closing costs which is a great incentive to refinance. If you are planning on staying at your house, then getting a shorter term would be your best bet. If you are waiting for the real estate market to bounce back and you are planning on selling, or if you are currently selling your house, then going with a 30 year fixed or a adjustable would be your best move. The bottom line; if you are planning on selling soon, then going with a shorter term loan won't really help you to pay down the principle that much and it would increase your monthly payments. Why put more money in to the house then you have to? If you are planning on staying for a long while, then the shorter term loans would really help you to pay a lot less interest. Evaluate your situation and then make your move! To your financial wealth.

I wish everyone financial and emotional harmony.

Gary Kohnke