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My Bucket Metaphor List
You know how you can
drive 30,000 miles a year without ever seeing a Honda CRV? Then you
buy one and suddenly you realize every other car on the road is a
CRV.
This phenemenon happened to me this month with -- of
all things -- the use of buckets as a metaphor for personal finance
concepts. As my clients know, I often use buckets that way myself
when explaining money strategy. Seems I'm not the only one! First I
ran across it in The
Money Book for Freelancers, Part-Timers, and the Self-Employed,
describing a simple yet powerful "pay yourself first" system of
money management for those of us with fluctuating income.
 Next time I
turned around, there it was again in two articles from The Motley
Fool, which I'm thrilled to announce has just endorsed my financial
planner network, The Garrett Planning Network, as the
way to get financial advice.
The network's new partnership
with the Fool allows me to make those articles -- about
diversifying for income tax purposes and managing money fears --
available to you in this newsletter. Also in this issue, a
bucketload of news and resources about The Money Book, the
COBRA premium subsidy, driving down debt, and more.
Enjoy!
Sherrill
| Article:
"Become a Functional Psychopath" |
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By The Motley Fool
Let's say I gave you $20 to play
a 20-round game of coin flipping. For each round you win, you
get $2.50; if you lose, you have to fork over a buck. I'll
also give you the option of sitting out as many rounds as you
want. How many rounds would you play?
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| Article: "Uncle
Sam Diversification" |
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By The Motley Fool
Do you know what's going to
happen to the stock market next week?... You might be willing
to hazard some guesses, but chances are you ... wouldn't bet
your entire retirement on them. This is why you have a
well-diversified portfolio... But don't limit yourself to just
asset diversification. Build a portfolio with plenty of
tax diversification too...
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Got
goals? |
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Get on track to achieve them! I'm Sherrill St. Germain,
MBA, CFP®, founder of New Means Financial Planning, and I'd
love to help. Contact us today!
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Share The Wealth
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Congratulations
to Tammy Hildreth, winner of last month's giveaway of 