How do I avoid financial troubles in the first place?
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Is bankruptcy ever the right option?
Isn't it wrong not to pay your debts?
How does bankruptcy help?
How do I know if I should consider declaring bankruptcy?
How would I make the decision about bankruptcy?
What do I do if bankruptcy is inevitable?
How do I avoid financial troubles in the first place?
What is an asset class?
Financial Planning
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What is the fastest way of doubling my money?
What are the categories and types of U.S. Bonds?
What are the asset classes within appreciation?
What investments fall in the asset class "Hard Asset Stocks?"
How long should I plan on needing money during retirement?
What is a stock index?
How can I keep the expenses of investing as low as possible?
How is a stock's price determined?
What is a mutual fund?
How do I start investing?
What different types of accounts are there?
What is dollar cost averaging?
Is bankruptcy ever the right option?
Why does the stock market fluctuate?
In addition to finances, what issues are important for retirement planning?
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Investing the Right Way During Retirement
Avoid CD Investment For Retirement
Systemic Withdrawal Plan For Retirement Investments
Creating A Plan For Retirement
Understanding Health Care Costs During Retirement
Refinancing A Mortgage Before Retirement
Evaluate Income Sources Before Retirement
Annuitizing Income
Financial Strategy For A Down Economy
Investment For Beginners
Investment Planning
David John Marotta
President, Marotta Wealth Management, Inc., Marotta Wealth Management, Inc.
434-244-0000
questions@emarotta.com
David John Marotta is the President of Marotta Wealth Management, a fee-only financial planning and asset management firm in Charlottesville, Virginia. He is an oft-quoted writer and speaker on financial matters and his weekly financial column can be found at www.eMarotta.com
How do I avoid financial troubles in the first place?
David Marotta talks about how to avoid financial troubles in the first place.
Transcripts
Host: How do I avoid financial troubles in the first place?
David Marotta: Best way to avoid financial troubles is to make sure you live well below your means and you save and you invest. The lifestyles of millionaires would make incredibly boring T.
V.
; television, because most of them are just incredibly frugal. So, the lifestyles of the rich and famous; you can either live rich or you can be rich and the living rich, usually means, you have no money and you are leveraged and you are in debt.
Being rich is, which is it is not what you spend, it is what you save, so the first principle, just living well below your means. Compounded returns is financial Heaven, compounded debt is financial Hell. And although, bankruptcy is not salvation; it can at least release you from an eternal servitude.
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