SEP IRA

Archive for March, 2010

Documentary on the 1996 IRA bomb in Manchester – ‘After the Bomb’ (2008)

Question: Where or how can a young person begin to learn about financial management?

There is so much information available regarding things like 401k programs, IRAs, taxes, mutual funds, etc, that it can seem a bit confusing and overwhelming, especially when young people often make so little money that it hardly seems worth the effort to bother saving at all.

Answer: If you want to learn some sound financial basics, I suggest starting at the public library. Look for books by Suze Orman and David Bach, both of whom give clear introductions to personal finance. I like to check them out as audio books and listen to them on my iPod when possible. For you in particular I would recommend Suze Orman’s book “Young, Fabulous & Broke”. It’s a great introduction for finance for someone in the earlier years of their financial life.

You can also look for lots of information in a huge range of styles from the large community of personal finance bloggers out there. I run a blog called HealthyWealthyHappyWise over at http://money.kevingunn.org/ . I link to several others that I enjoy along the right column on my page. Some are pretty technical, some are more personal. Almost all of them link to more blogs in the style liked by that blog’s author. Go find ones that suit you. They’ll keep you inspired to keep moving forward and can be a great source of tips, tricks, and potential pitfalls.

Step one in any sound financial plan is to create a spending plan and STICK TO IT. Everything else hinges on that. If you spend even a tiny amount more than you earn, you’re heading for trouble. I wrote fairly extensively on how to get started on a spending plan here: http://money.kevingunn.org/index.php?/archives/5-The-Weekly-Spending-Plan-Part-1-Why-Weekly.html .

Finally, remember that an early start is the key to finishing well-off. Don’t postpone! Get started now.

Ira Krakow’s Animated Bouncing Ball Blender 2.49b Tutorial

Ira Krakow’s Blender 2.49 Pixar Eye Tutorial