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If you are old enough to remember Janis Joplin, you are familiar with the words from the song she made famous, “Bobby McGee.”  One of the lines that all of us older people have sung is “Freedom’s just another word for nothing left to lose.”  Back in the day most of us were looking for [...]

For so long, everyone talked about earning power. Of course, we all want to earn more. That’s human nature. However, if you look at many families today you may notice that those who have a job with less earning capacity are weathering the economic crisis better than some of their neighbors who [...]

That’s a tough question.  It isn’t how much money do you have.  It is how much money should you have.  The answer ranges anywhere from three months income to twelve months income.
I have heard some advisers suggest that every person or every family needs to have three months income tucked away in a savings account [...]