Many of those deals were poorly timed , contributing greatly to GE's current cash crunch. Despite that shortfall, Immelt rewarded shareholders with stock buybacks, which are aimed at boosting the share price. How decades of bad decisions broke GE.

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To be sure, other major companies have large pension shortfalls. And a decade of near-zero interest rates has forced companies to assume lower returns. In an SEC filing last year, GE said the increase in its pension deficit is "primarily attributable to lower discount rates" as well as higher liabilities. GE warned that one financial risk it faces is "sustained increases in pension" costs caused by market turbulence or a "continued environment of low interest rates. GE has a huge family of current and former workers to support. The company's various pension plans support about , people: I hope that by the time I can grow a beautiful full mustache, I will be debt-free and saving like crazy.

Thanks for the blog. Kudos Mr Money Mustache for a very very sensible approach to personal finances. My poverty experience was very nasty as l went thro it but today, l look back and appreciate it for its worth-teaching me the best personal financial skills that l could never have found anywhere else. Today, l earn a very modest income but l am so happy living far within it and l often wonder what is wrong with folks who earn twice what l make and are forever in financial crisis mode.

Once again, thanx for your nudgets of financial wisdom that you share with folks on this platform. Erin June 17, , We also have 3 kids 2 under 5 years old. MilwaukeeMN July 7, , Well, you need more revenue streams. But there are sources of passive income out there. It sounds like one parent stays at home and cares for the children, perhaps a neighbor or friend would pay you to watch their child ren for some hours.

Financially Frozen? Melt Away Debt and Get a Fresh Start with Your Finances

I make a salary less than most Americans, spend below the poverty level and have saved up more than most. Rob June 25, , Just discovered your blog. My wife has never worked for pay. We live in an expensive area, DC suburbs. We are debt-free and have a nice net-worth. Not enough to retire yet but getting there. Thankfully I work from home, which is huge. We do own a lot of cars but they were all bought for in cash.

Most by my teens that drive. We do have a large van to haul the brood around in. We live fairly simply, especially compared to our friends and neighbors. Anything extra they do they have to pay for. They pay their own: I bike or run to do a lot of our errands. Doug June 27, , 8: The Famous Ashley Grant July 23, , 7: Definitely inspired to get my financial act together.

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I turn 30 next year and my financial status is in shambles, but hopefully the ideas on your blog will set me on the correct path to an early retirement. Ju July 23, , I am 34, live a very simple life and love it! I can pack all my stuff and move anywhere in he world in about 2 hours… the only thing I would prob leave behind would be my bicycle. I LOVE the freedom. I keep getting rid of more and more and getting less and less and i like it! I see a shift in the way people think.

Getting Rich: from Zero to Hero in One Blog Post

From small houses, to sharing cars, to growing stuff instead of fancy useless backyards, sharing stuff etc. And that all leads to spending a lot less money!


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But even the traveling is very frugal and great! No fancy hotels for me — too expensive and way too boring! Anyway, I have also sent this link to a few people and will keep doing it! And the plus is: John July 29, , 3: My buddy discovered your site and sent it over to me since we both love financial concepts and the market.

I appreciate that this site exists and love the content. I make good money but it is always spent on something other than my asset column so my main concern is security for my family. I wish I would have know about this stuff when I was 21 but there is still plenty of time to become a die hard Mustachian now that I can fully comprehend the whole picture.

Insourcelife August 2, , 2: Since this is an introductory post, I think it would be cool to add a link to that video interview from Yahoo Finance. Three Wolf Moon March 16, , 5: Sarah August 5, , 7: Thanks for helping me see that I am truly a grown up and in charge of all my own decisions and lifestyle choices. I will be retiring in 6 years when youngest child graduates high school and hitting the road full time in my RV. JohnnyP August 6, , Really wish someone turned me on to this when I was in my late teens and early twenties.

Anyway, the site is great and I just started cutting the spending not 3 days ago. Cell phones reduced by half saved Got the wife onboard using the MMM articles about making your spouse love frugality. This is a solid start and should allow me to destroy my insane credit card balances from a failed biz venture in less than 9 months. Thank you for having this site. Burak June 18, , 7: Wow, that seems great. How have it turned out up to now?

Which things worked well, which of them did not? Dean August 1, , Check out what your state has to offer. August 8, , 1: I dont have anything really to my name. I only have about 4k in the bank. I dont know where to start really. I mean first of all its hard to find a good paying job just being out of school for two years not really having the direction or guidance I dont have any expenses I just pay my phone bill but I dont have a bog income.

I understand your whole concept but I honestly want to eventually start a family with my high school sweet heart. Since I dont even have a car. I mean I can understand going with out most things but a car is a neccessity around where I live everything is pretty far. I just want to settle down and live a nice life but I just dont think a min wage job will help much with savings. I mean I know my job is the first problem but I dont really know about stock index funds or anything like that. Besides I dont even know my eligibility due to my non permanent status here in thw U.

I mean its more of a re-applying for temp residency. How the hell do I start or even do. I dont know what to do honestly. How can I even plan to settle down or have an independence with low income and a lifestyle that requires bigger expenses and still manage to save money to retire. Start with JC, and build to an Associates, and if possible transfer to 4 year. Choose a practical field that you might like to work in….

See if you can wing 3 classes with work. Have a goal and realize that it could take years. This site is intended for someone who already has made it to a mid-level income in their late 20s or early 30s I thnk. K August 16, , 1: Never use credit, cash only. Always had basic and reliable cars. Lose the overpriced cell phones. I repair, maintain and extend the life of anything I can. How could I not be optimistic?

TheGooch August 29, , I was thinking that retirement was the goal of life the earlier the better until I started reading the 4-Hour Work Week. The idea of saving half is pretty nice. Fredrik von Oberhausen September 25, , 3: Today I am very happy I did that because I was forced to step down to half salary recently. It took some time to get used to but I was not building up debt and I was not forced to take from my savings.

It is not as much as I would have hoped for but at least it is a joy to see the saving account rising as soon as the amount is high enough I buy stocks and not just standing still and this salary cut will also only be temporary. Drea October 14, , 2: Sunny Kid November 7, , 1: I have been on disability for several years after crippling injuries from an accident that was not my fault. Unfortunately I was up against five attorneys for two big corporations and they tied things up in red tape until I had no choice but to settle. I have no debt. I save a little at a time. The blessing in disguise is that I cut down on just about everything.

Dave Ramsey - How to Get out of Debt and Be Financially Successful

There is something wonderful about not being extravagant. You feel better about yourself. Now I question every single thing I buy out of necessity. My home is clutter free and I only have what I need. But after going through hard times I know I can save and not spend. And that in itself is a feeling of security.

I hope to make more money in the future if my body can recover enough. Then I will have the discipline and vision to save every penny. I will feel good about it. Tahnya Kristina November 16, , Our lifestyle starts with our money and once we get that right we can start loving our lives. Bastiaan December 28, , We are living in the heart of Europe, on the French-German boarder. We have lived through highs and lows, much of what you teach-preach we learned from rock hard reality of life! But we love your blog and the new things we learn.

And… if you are good with a butcher knife, you can even more cut down on your cost of living! Yeah, easy it is, and costly. So now we buy complete chickens, half a pork, half a cow and butcher it ourselves. The cost savings are dramatic. And for those of you living on the edge of town, countryside, or even apartments with balcony, try growing your own veggies. The savings either help you get out of the dark deep or go straight into savings!

Here in Europe, this is not so unusual, and a growing number of people rethink life. There is an indirect side effect of living more cost conscious, the smart way, it helps you to live healthier and as such also reduces your health care budget. Processed and prepared food often implies treatments, chemicals, anti-biotics, E-XXX colorants and conservants, etc. Elaine January 12, , I found it when I was trying to figure out what kind of car to buy because my very reliable Honda civic was having some major problems — caused by not doing my own fluid top ups — nightmare!!!

Reading this blog helped remind me that when they were small I used to live a happier life on A LOT less money. I came across a situation that might be of interest to those looking for cheap accommodations but too old for the college experience of sharing a house with several roommates. Cheap and sometimes even free rent in exchange for shoveling, yardwork and a bit of company. David February 9, , 1: Money Mustache February 10, , 3: Yes, all forms of saving are valid, so you can safely keep maxing out your k. Give them some leeway, together with guidance, in how to spend their earnings, gifts and allowance.

At the same time, know where you personally want to draw the line. What will you buy for them, and what will they have to pay for themselves? Some children want clothes in excess of what their parents deem necessary. These are areas of parental discretion and may change as the child grows older. But, whatever you do, make sure there are at least some things your child will have to pay for herself.

When you teach your child about financial matters, do so in bite-sized pieces. Your goal should be to teach them just enough to stimulate a genuine desire to learn more. Your child can open two accounts — either at home with you or at Marion Community Credit Union. One can be to save for a large purchase, such as a musical instrument or equipment, and another for the faraway future. When a child accrues enough savings to purchase the object, you have taught them an important lesson: Saving is really worth it. Here are the best things to buy during each month for the rest of the year!

You can also find a bargain on heaters and humidifiers to make your house more comfortable. Treadmills and ellipticals are past their peak buying time, so retailers are looking to get rid of them. Sports equipment, like golf clubs and athletic wear, are also facing deep discounts. Tax refund-themed sales may also make it cheaper to upgrade your technological goods.

Check out basic pots, pans and cooking appliances in May. That means thrift stores are stuffed with donated second-hand goods. Be on the lookout for bargains of all sorts, but especially for used furniture and clothes. School Supplies The end of July marks back-to-school time, which means this is the month retailers start to gear up for school shopping. Otherwise, you can stock up on pens, paper and other standard office essentials. Major appliance retailers are looking to shift their inventories from cooling to heating.

Look for discounts on window AC units, dehumidifiers and other cool appliances. If you need a new dishwasher or refrigerator, try to hold out until September. Also, new Apple accessories, like iPads and iPhones, typically come out in November or December, so September can be a great chance to upgrade your device, too. October is also a quiet season for cruise lines, so many of them run specials and sales during the month.

Game On Christmas season is in high gear, and major retailers are competing for gamer bucks. Expect to see the best bundles with the hottest games for the lowest prices in November. In a paradox of economics, champagne demand is very high, so the price goes down. If you have kids, you want everything to be perfect for them. You want to build priceless memories, so spending any amount seems worth it. The important part now is to right yourself financially. Marion Community Credit Union is here to help.

Check out these three ways you can patch up your finances and have things on the right track before summer.

It also makes the total amount you pay for your debt skyrocket. What you need is an aggressive debt repayment plan. Make some sacrifices and get ready to tighten your belt for a little while. We can help you make sense of them. Make an appointment to speak with a debt counselor through Trinity Debt Solutions. A debt consolidation loan can do just that. Best of all, it can save you money in the long run by lowering your interest rate and monthly payment commitment. Rather than paying a credit card APR, you can get the lower fixed rate on a personal loan.

All you need is some basic personal information and a willing partner, like MCCU. Our loan specialists can help you organize and simplify your payments, working toward a debt-free life. No business in the world would consider going into a year — or even a quarter — without goals. Your own financial success is at least as important to YOU as the success of a company is to an executive.

Take a quiet hour or two to write out your financial vision. Do you want to have a specific amount saved? Do you want to start your own business on the side? Pay off the mortgage early? Take an early retirement?


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Build an investment portfolio? Become a major supporter of your favorite charity? Go back to school and finish that degree? Have enough money so that work becomes a hobby and not a necessity? Give yourself the freedom to dream, to come up with your ideal financial scenario. While it may not be completely realistic, chances are, you can find one solid goal that will bring you closer to your ideal financial scenario. Set that as a goal for the coming year. It might be something small, such as putting 10 percent of your paycheck toward debt payments, and another 2 percent toward savings.

Your personal finance is in your own hands. No one else can take responsibility for it. Make it a successful one. No one knows that better than the weight loss industry, which ramps up its marketing this time of year. What these advertisements leave out is that gym memberships are still very expensive. Give these budget- and body- friendly ideas a chance. It might help you along the path toward a happier, healthier ! Trying to get healthy with just exercise is like trying to fix a heater by changing the thermostat.

The biggest factor in losing weight is your basal metabolic rate BMR , which is how much energy your body burns throughout the day.