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About Tough Money Love

This is a place to hear and discuss hard truth and tough love about money and personal finance. Why should we be here? To help ourselves, families, and friends break bad money habits (and form good ones), control debt, budget, save, invest to build wealth, and enjoy a comfortable retirement.

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« Previous Entries

My Year End Financial Performance Review

Monday, January 5th, 2009

Mr. ToughMoneyLove has spent a good part of the past five months being critical of others who use poor judgment in matters of personal finance.  Many of my targets have been politicians, Wall Street investment bankers, and disciples of the almighty credit score.  Depending on your own attitude about these subjects, I may come across as an [...]

Profiting from Credit Card Defaults

Tuesday, December 30th, 2008

Last week I disavowed negativity about the world of personal finance until 2009.  I don’t intend to break that vow today.  However, writing about how we might profit from negative financial projections is actually positive, so I’m going for it.  You can file this as a last minute, end of year stock tip.  Maybe you could [...]

Making Year End Adjustments to Your Investment Portfolio

Friday, December 19th, 2008

If you are an investor still contemplating whether to make adjustments to your asset allocations in your investment portfolio, you are running out of time.  We have only a few trading days left in 2008.  You may be looking to harvest some tax losses.  That shouldn’t be hard to do.  You could probably randomly throw a dart [...]

Your Home as an Investment? Let’s Re-think this.

Sunday, December 14th, 2008

Mr. ToughMoneyLove engages in many debates over “good” and “bad” debt and the logic of having substantial equity in your home or even paying off your mortgage.  Regarding the latter, some folks insist that their home is an investment and resist building equity through their own efforts (such as making a substantial down-payment.)  Instead, they want [...]

Money and Emotion Continue to be Poor Companions

Sunday, November 30th, 2008

Do you make financial decisions in moments of panic or other extreme emotion? 
Gotta make an offer on that house before interest rates change?  Must buy that shiny red car on the lot today before someone else does?  Buy that dress, bauble, or gadget to boost your mood?  Quickly sell that stock before the market drops [...]

Year End Retirement Funding: The Moment of Truth Approaches

Tuesday, November 18th, 2008

Many of us still have an important personal finance decision to make this year:  Whether and how to fully fund our IRA’s and/or 401(k) for 2008.  (Mr. ToughMoneyLove has already maxed out our 401(k) funding but re-balancing and non-deductible IRA funding are still decisions in process.) 
Actually, 2008 IRA funding can be deferred until you file your [...]

The Cynical Stock Picker Says Buy Guns and Ammo

Tuesday, November 11th, 2008

If you are opposed to gun ownership under any circumstances, stop reading this post and move on to something else I’ve written.  However, if you are OK with others owning guns and maybe want to make a little money based on knowledge of what is happening in the industry, read on.

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