Comments for ETG Foundation

Comment on How does a person get into Municipal Bonds? by hayesa

hayesa — Mon, 09 Jan 2012 20:22:57 +0000

Anyone still monitor this?

Comment on Why don’t most households/individuals have a financial plan? by TroyMcIntyre

TroyMcIntyre — Tue, 05 Jan 2010 18:46:41 +0000

Hayes, A person can get Muni Bonds from a Financial Advisors. I like Muni at this time, but they better fit those with high wealth. This allows them to take full advantage of the Tax-free part of the bond. Note: if bond sales below par there is capital gains you will have to pay.

Comment on Do underachievers or over analyzers kill your dreams? by hayesa

hayesa — Fri, 18 Dec 2009 03:15:33 +0000

Ok, so I was unable to find a cite for over analyzer. But, Urban Dictionary says, “Someone in need of a thorough bitch-slapping. A know-it-all that doesn’t actually know anything in actuality. Someone who appears to pull nonsense out of their ass in order to validate a situation. Picks every detail apart until it’s loses it’s meaning. Someone with way too much free time on their hands. Thinks they are god’s gift to humanity usually.”

So, a little non-proper; however, I think the underlying point here is: instead of just doing, we can get caught up in why we cant.

A great friend of mine recently said something that sticks in my mind and I put in my “Diddy Bag.”

To paraphrase: some people spend to much time and energy trying to find out reasons not to do something when it’s easier to just do it. Im probably over-simplifying this, but the message here, to me, is: instead of why we cant, it should be why cant we? And EXECUTE. Learn as you go, get up when knocked down, and help teach others along the way.

So, I rambled; but, although I think analysis is important, dont get caught up in it.

Thinking out loud again.

Comment on Do underachievers or over analyzers kill your dreams? by hayesa

hayesa — Fri, 18 Dec 2009 03:08:53 +0000

Wikipedia says: “An underachiever is a person and especially a student who fails to achieve his or her potential or does not do as well as expected.”

I think can be expanded upon by thinking outside the box: do folks who hold others back (attitude, lack of encouragement, player hating, simple discouragement, etc.) because they lack the desire to things for themselves become underachievers? By definition it’s about achieving potential. I think this can be expanded in that someone with unrealized or unknown potential either tries or not. And this can be contagious emotionally for others.

Just some thinking out loud.

Comment on How does a person get into Municipal Bonds? by hayesa

hayesa — Fri, 18 Dec 2009 03:02:44 +0000

Suzie Orman has been saying for awhile now (I sometimes watch her for 10 minutes at a time and she always seems to come back to munis).

I understand there is a larger picture for different terms of investing; however, munis are a possible vehicle to do this whether stand alone or as part of a mutual fund (whether retirement protected such as an IRA, or not when realizing the gains made from interest payments); basically, they can be a part of the portfolio as a piece in some strategized manner, I think anyway.

Anyway, just some brain-storming.

Comment on Why don’t most households/individuals have a financial plan? by Anthony Hayes

Anthony Hayes — Thu, 17 Dec 2009 04:33:13 +0000

How does a person get into Municipal Bonds?

Comment on Why don’t most households/individuals have a financial plan? by hayesa

hayesa — Wed, 16 Dec 2009 22:53:50 +0000

how do you post a new thread/thought/topic?

Comment on Why don’t most households/individuals have a financial plan? by hayesa

hayesa — Wed, 16 Dec 2009 22:52:49 +0000

What are necessary bills? Not “wants,” but needs of the individual such as food, clothing, shelter, transportation, etc.

Comment on What is the best way to become debt free? by frazierj

frazierj — Mon, 07 Dec 2009 05:37:11 +0000

What’s interesting about this article was not letting your outstanding debt-to-available-credit ratio exceed over more then 30% per credit card. It adds another element to how you should handle debt.

Example:
If we want to help people become debt free we would have to ask this question. Do you want to eliminate debt, repair your credit score, or do both?

There are mainly two ways I know of to help a person payoff multiple debts.
1. Highest amount or interest rate: this is called the avalanche method
2. Lowest amount: this is call the snowball method

The article points out that a person must decide if they want the repair their credit and then payoff debt. So the 30% rule becomes a three method for handling multiple debt payments.

Comment on What is the best way to become debt free? by hayesa

hayesa — Sun, 06 Dec 2009 22:25:38 +0000

After I recently read about how the credit bureaus valuate (I guess that’s an OK term) a persons’ credit/FICO score (they finally told us), what I never saw coming is the impact of how much a balance on a credit card affects current FICO score.

So, I think it is reasonable that after an individual defines why, they can define what, then how (what strategy is used to accomplish the why – the what and how).

This approach could be used in long term planning for businesses who are looking to finance capital investments now and over time, but: how and why (how fast) do we pay it back.

Just some brain rambling…