Review of: 25 Money Strategies Your Teachers Forgot to Tell You About

by Richard Pan copyright 2013


This book is directed at young people just starting out. It outlines 25 money saving tricks and tips to use to begin wealth accumulation – tips that the author himself has used at just 21 years of age.

Read this book to understand and address:

Richard presents his readers with multiple different ways to approach the start of wealth building. With each, he explains not only what the tip or trick is, but also why it worked for him. Continue reading

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Whinny Starts Work

Whinny was feeling good! She had just completed 3 months of intensive training to become a police horse. Tonight was her last night in the training stable. Tomorrow she would go back to the city and Valerie to start her job as a police horse. Valerie was a policewoman and would be Whinny’s partner. She was also Natalie’s cousin. Maybe she would even see Natalie, the daughter of the farmer who cared for Whinny’s Mom, Momoa. After all, it would be Natalie’s 7th birthday tomorrow, maybe she would enjoy seeing Whinny again! Maybe the farmer and his wife would bring Natalie to town to see Whinny’s first day at work as a real police horse.

Mother and daughterAlmost 3 years ago, Whinny was born on a farm in Missouri to the mare Momoa. For the first 2 years of her life, she had roamed freely on the farm, side by side with Momoa. She had enjoyed being groomed and loved by little Natalie, the farmer’s daughter. But as the months went by, Whinny learned that not all horses lived just to be companions to humans, many had real and important jobs. When the farmer decided to sell Whinny, she made up her mind to run away and do something with her life. She escaped from the trailer carrying her to her new owner, chased a police car and cornered the criminal they were chasing. As a result, the police chief wanted her to become part of the city’s mounted police and she was sent off to the 3 months of training. Now she would be going back to her home town to start work. Continue reading

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2014 Grandma Rie’s Money Camp – Preparing for Money Camp

Teaching the next generation to successfully handle money and personal finances is normally a family responsibility. Although parents bear much of the burden to teach, train and model good personal finance, extended family members can also contribute.

Although my grown children do very well in the personal finance arena, they learned from us by osmosis, without any special or formal training by my spouse or I. When they presented me with grandchildren, I vowed that I would take an active part in teaching financial literacy to them.

As a result, I started a one week ‘Grandma Rie’s Money Camp’ in 2011 and held our fourth annual one this year. Continue reading

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Getting the Best Value for Your Maintenance Budget

As a software developer, my first instinct at work to solve an issue with a computer system was to trash it and start over with a new, better, more modern solution. Most of the time, this was the correct approach – either because the base functionality was being stretched beyond measure and required a new foundation or because the older system just wasn’t able to keep on working well, no matter how many fixes were applied.

I applied this same philosophy at home as well – on any home maintenance projects that came up. Our first home was a 50 year old ranch. It had a small master bathroom with a shower. That shower was nasty. The grout had eroded at the bottom, allowing water to get into the drywall causing rotten soft walls and allowing mildew to grow. Yuk. Without even looking for other solutions, I decided to tear out the tub surround. Once it was out, I went after the drywall in the shower. I had so much fun smashing it out that I tore out the drywall in the entire bathroom. You should have seen the look on my spouse’s face when he came home from work that day and saw the state of the bathroom!

I spent quite a bit of time and some money putting up new greenboard, tiling the shower, having a plumber install a brand new base, drywalling the rest of the walls and putting in a new floor. It looked great when I was done and I got some good experience. But, perhaps a simpler solution would have sufficed.

At times, trash and replace isn’t the right solution, either to software or to your home maintenance projects.

Now I am looking askance at our patio, which doesn’t drain properly into the yard. Once again the first thought is that we need to get someone in here with a jackhammer to tear out the concrete and relay the entire thing at a better slant. We’ve been postponing that due to the anticipated expense and consequently the wood siding is starting to get damaged from frequent exposure to standing water.

But, I understand that there may be patio and balcony solutions that could help us out. I found this article: Balcony Waterproofing: What You Need to Know Now that describes how a product called Megasealed can be used to protect against this kind of water damage.

All homes require maintenance and each of us should be prepared to spend part of our overall budget on home maintenance and repair. That said, the maintenance and repair doesn’t have to be trash and replace. It can be fix and extend as well.

Here are t least 3 things that can be done to deal with issues, or at least postpone a final solution until you have the time and resources to handle it. Continue reading

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Teach Your Kids the Power of the Time Value of Money

Grandma Rie’s Money Camp was last week – it was another week of fun, learning and activities about personal finance .

One of the activities we did this year explored the concept of the time value of money. The grandkids are 10 and 7 this year – old enough to know how to save up for something but still really too young to ‘get’ the concept of compounding growth (although the 10 year old seemed to understand at the end of this years camp!!).

A penny doubled every day for 30 days.

Before starting the activity, I asked each of them which they would rather have – a penny doubled every day for 30 days or a million dollars. Of course they wanted the million dollars. Even one of the parents wanted the million. Continue reading

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Stand Up for Independence!


The Declaration of Independence: A Transcription

IN CONGRESS, July 4, 1776.

The unanimous Declaration of the thirteen united States of America,

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation. Continue reading

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