Tag Archives: credit help

Make Yourself WEALTHY (Let’s Get Started in 2010)

They are all around you: people who seem like normal everyday people – only they have saved an invested over the last twenty-five to thirty years and are either close to or are already millionaires.

How did ordinary people get there?

Steady saving and automatic investing with every paycheck.

Goal setting for their financial future.

You can do it, too.

1. Sit down and look at your current debt and the bills you have every month.

2. Check your emergency savings fund (do you have 15 to 18 months of expenses in savings?)! If you don’t have enough savings, work to save money and split those amounts between savings and debt reduction until you are rich.

3. Review credit card debt first; If you cannot put all of your credit card debt or those with the highest interest rates onto a lower interest rate card, then pay the minimums on all cards except the one that has the highest interest rate. Single out the highest interest rate card to pay as large of a monthly payment BEYOND the minimum that you can until you pay it off. Then, move to the next highest interest rate card and do the same. Repeat this until you are credit card debt free. Then remember what horrible enemies these companies are to your own family future.

4. If you have difficulty identifying ways to save, use our 1% Savings Plan (see previous blog entries for fast tips).

5. If your company offers a 401k, get in it. If you don’t believe in a 401k and your company offers one, GET IN IT. If you have trouble with this one, repeat it until you understand how it can make your long-term retirement a reality.

6. Establish a regular and automatic way to save with each paycheck. If you can, you can also establish a regular and automatic way to invest with each paycheck. Focus on the percentage of your after tax income you will be saving and investing – not how much.

The real secret is: saving + investing regularly + steady debt reduction and elimination + time = wealth. Yes, you can. You just have to develop your own plan. Almost no one becomes wealthy overnight, but you can do it. Begin TODAY and stay with it. You will see results.

You can do this! It’s 2010!


In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.

Thank you for reading our blog and good luck!

Loyd Ford

Take The Test

Are You Ready For "The Test?" Many Americans are being tested now. Some are being tested for the first real time in their adult lives because of the financial crisis that continues to grip everyone’s attention. However, many Americans may not yet recognize that this test could turn out better for them than they ever imagined.

Question number one: What is really important to you in your life? We often think about how we are going to increase lifestyle. Perhaps that is the wrong question. Maybe our focus all along should have been “What’s important now?”

Question number two: Do you believe in yourself? This is more than a passing question. The worldwide financial meltdown makes this question more serious than ever, but the question is much more personal than about believing in yourself at work. This question is only in this “test” so that you really think about who you are and what you want.

Question number three: Do you believe only the rich get richer, or can you have a vision of yourself building savings and wealth?

Question number four: Can you commit to a strategy to build emergency savings, life-long savings and retirement investment? If you can, all you need is a plan.

Review your spending over the last three months. Look at your personal spending like a business would look at expenses. Make a commitment to reducing your spending by 10 – 15%. Call everyone you get a bill from and let them know that you have to reduce expenses by 15%. See what options present themselves. You might be surprised.

At the same time, make sure you take the time to look at your checking account for what it is: A MONEY LAUNDERING ACCOUNT for OTHER people’s money. Use every excuse you can to remove money – even small amounts – from that account and put it in money market savings.

While you focus more time on the most important thing in your life (question number one), make an effort to increase spending….on savings. If you have to start with a small amount, take only 1% from your next after-tax paycheck. Push it to savings. Then, each paycheck or at least once a month after, add 1% to it until you reach 15% savings every month.

Commit to this strategy (question number two) of using automatic savings to drive emergency savings. You should work to build 15 to 18 months of expenses in savings (money market savings account or certificates of deposit). Remember: savings will build faster than you think. Just focus on the automatic savings paycheck to paycheck and month to month. You are building to actually generate longer range goals. While that does not happen immediately, you should focus on the going the distance. How would your life be impacted by having 15 to 18 months of expenses in emergency savings? I thought so.

You must seek out examples of people who began with nothing and built wealth. If you look, you will find example after example. The best news: There are thousands of examples of wealth building that does not involve the lottery or a windfall. In other words, saving and investing for the long-term WORKS.

Work to learn all you can about saving and investing. Start with building your emergency savings fun, but don’t stop there. Keep going.

If you answer these four questions above and are ready for the journey, you are ready to shake things up and truly build wealth for yourself. Get started today.

Good luck!

Loyd Ford

How Do Some People Save And Others Don’t?

I have to give some credit to HSBCDirect.com for the following:

• Active Savers, a group of people characterized by their dedication to saving, entered the recession better prepared than others because of their savings lifestyle. They have not had to take drastic measures to adapt to uncertain financial times and are less likely to have had to cut back on spending, eating out, and making large purchases.

• For more than half (57 percent) of Active Savers, learning to save started at a young age. Putting money away is a value their parents instilled in them (73 percent).

• Savings comes first for nearly half (46 percent) of Active Savers. They’re willing to make sacrifices in order to be able to put money away.

Overall, a majority of the population has not allowed the economy to hamper their savings plans—81 percent have been able to put the same amount away, if not more.

Here’s the idea: Steady savers are better prepared for the downturns that always come in economy and personal situations. Steady savers that are most successful are those who save AUTOMATICALLY. This can include:

Roth IRA
Traditional IRA
Emergency Savings

And you should have each one of these with automatic savings everytime you get paid.

Savings should be put away in FDIC-insured banks that offer the best interest rates.

Want more? Check out or main blog at http://www.stickyasset.com/blog.

Good luck. You’re on the right path thinking about putting money away for the future. Now…take more steps to protect your future by putting the automatic savings into action in each of the categories above.

Thank you.

Loyd Ford

5 Things Every Parent Can Teach Their Children

We all want to give our children access to a great education. You hear a lot about this all the time. You must get excellent grades. You must get into a great school. You must do all you can to “get on the path.”

Why? Most of the reasons behind this is so that your kids and my kids will be good employees. EMPLOYEES! The American Dream is often centered around our identity at work and getting ahead recognized as how much you make. The true look at building personal wealth over your lifetime (and the lifetime of your children) should have much more balance.

No, we are NOT against education. You should want your children to have a good education, but you should arm them with the sharpest knife you can give them: an education in personal finance and wealth-building.

The earlier we start having a personal finance plan and developing ways to build wealth, the better off we will be. You likely know this as an adult. With children, time is on their side.

If you have been reading this blog, you know that we are big to encourage you to teach your children that automatic savings from any paycheck and automatic monthly savings from checking are not a choice – THEY ARE ESSENTIAL to personal financial health over time.

Giving your children an education and really teaching them how time impacts money can give your children more than their education ever will. It is difficult to overestimate this potential.

We started with our boys in this way:

1. From paycheck one, each paycheck should have an automatic savings paid directly from your paycheck to an emergency savings fund (until you have 15 to 18 months of expenses in savings – 6 months in high-interest savings and the rest in rotating six month only certificates of deposit). This will help your children build a real safety net so they have more time to make any decision should they lose their job or have other issues that impact their ability to stay “flush with cash.”

2. See your checking account as a MONEY LAUNDERING ACCOUNT FOR OTHER PEOPLE’S MONEY. That’s right. Don’t get your value from a checking account. That money is a holding account and the money does not belong to you unless you REMOVE it to savings.

3. You cannot own credit cards – CREDIT CARDS OWN YOU. So many millions of Americans are chasing their credit score. How did this happen? The marketing “people” turned the truth on its’ head. They started showing how credit is your friend (credit is not your friend). While we don’t want you to harm your credit, the truth is that CASH IS KING….not credit. Limit your use of credit cards and always pay them off. If you cannot pay them off each month, get rid of them immediately (or put them in a safe) and pay them off. Credit cards are not your friend.

4. We like to say that in the old days there was Social Security. Then, people began to say, “Social Security isn’t enough and it might not even be around for you and me.” Now, people say, “get a 401k. But it isn’t enough. You should enroll in your companies’ 401k, but you should also have a Roth IRA or Traditional IRA that you give steady (again with that automatic word) savings to month after month and year after year.

5. It is critical that you teach your children that once they have secured the proper emergency savings fund (15 to 18 months of expenses), the should focus on purchasing assets that create their own income. This might be stocks. It might be real estate. However, the key is to have a dividend or income that comes from owning whatever it is. This is the true key to building wealth over time. For instance, if you choose stocks with dividends, reinvest those dividends for the LIFE OF THE STOCK and you will be building wealth.

Take our advice here and you will teach your children how to build real wealth over time by starting them off with an actual HEAD START over the other kids!

That’s where you want to be with your children, isn’t it?

Thank you for spending a moment with us today. Check out our main blog at http://www.stickyasset.com/blog if you want more.

Good luck!

Loyd Ford

Have you seen the VISA commercials “GO”??

                  You’ve seen them.  One of the commericals has Italian music and flying pizza with red and orange fire flashing before your eyes.  Morgan Freeman and his smooth delivery comes on and says, “When’s the last time you caught dinner AND a show?”  The pizza is pulled from the white hot oven and you see the word “go.”  A VISA card on one of those little restaurant payment folders comes on screen next and Morgan (who I love) says “VISA debit is easier than cash or checks.” 

                   Stop right there.  You see how culture overcomes common sense.  Is there anything wrong with eating out?  No.  Is there anything wrong with VISA?  Morgan Freeman?  Debit cards?  No.

                    Does using a VISA, Mastercard, American Express or a debit card make it easier for you to spend MORE MONEY THAN YOU WANTED TO SPEND?  Yessss.

                     No, we’re not making this up.  The percentages can be large.  It seems that having the easy plastic does not seem like spending real money.  It causes money (which is slippery at best) to become so slick you don’t even recognize how much of it is slipping from your fingers.  You just focus on the pizza and the good times.  Let the good times roll.

                     Why is it that a great company like VISA would use someone who has played God in a movie to project that they are your friend and will help you to have an easier life?  Because it works and it is the path for them and all of the merchants who want you to spend more, more, more to reach you and change your attitudes about spending for ease and pleasure. 

                      Hollywood is fun.  It’s just not in the business of telling the whole truth.  We will.

                      Welcome to the era where consumers have to take more control of the process of what you do with your money.  Beware of the real enemies of savings and investing for growth of assets.

                        For more ways to save and be aware, you can go to our main blog at www.stickyasset.com/blog, join our FREE monthly e-saver or simply check out the e-book “How To Survive Any Financial Crisis at www.stickyasset.com.

                        Good luck!  It’s a jungle out there (even when the jungle comes to visit you on the TV in your living room at home)!

                          Loyd Ford


The Plan For Surviving The Great Recession

We are all hopeful that a depression has been avoided. Of course, the serious economists are still watchful of the possibility that the government cannot hold on and keep us away from still slipping into a modern version of the 1930’s style depression. If you are someone who likes to plan for the future, you shouldn’t be sounding the all clear to your friends and family either.

We continue to watch company earnings, unemployment, home sales and a variety of other factors in determining if we can truly “turn the corner.”

The truth has not changed. You must have a plan for surviving the “Great Recession.” This plan should include a reality view of the world YOU live in today.

You should have or work to build an emergency savings fund that includes 15 to 18 months of expenses in money market savings or certificates of deposit (or best in both). Now is NOT the time to pull back from a 401k unless you are carrying extra credit card debt and cannot afford to pay that debt off and push ahead in your 401k.

You must work to eliminate credit card debt and see these guys for who they are: The devil. That’s right – I said it. They are the devil. Your enemy. You should always treat them as such. Too many millions of Americans are still chasing their credit score when CASH IS KING.

Once you have secured your debt (eliminated or highly reduced it) and you have the proper emergency savings fund, work to steadily invest in mutual funds and diversify. We like no-load mutual funds. Look for low fees.

See your home for what it is: your home. Many millions of Americans refuse to see their home for what it is in terms of your wealth or poverty – your BIGGEST LIABILITY. Work to pay even small amounts extra in principle if you can because it will save you more than you realize in the life of the loan. In fact, if you steady-up on paying principle in addition to your monthly house “note,” you could knock YEARS and many, many thousands off of your debt. Homes are to live in. They are not speculative investment.

Invest in yourself. This means personal education. You can do it at the local community college or on-line. You can do some formal learning or training or teach yourself about saving and investing and work to generate passive income streams in addition to your “day jobs” to fund savings and investing.

People often only think to save when trouble comes. Steady and automatic savings will add up faster than you think.

You can do this. Develop wealth as a hobby. Be serious about it. Look to purchase things that begin to generate money on their own. This can be savings or mutual funds. It can – eventually be more.

Sign up for our FREE E-SAVER now at our main blog (www.stickyasset.com/blog). Good luck!

Loyd Ford

What If The Financial Crisis Was An Adventure?

Suppose that you were charged with the responsibility of representing a group of people on an important mission in a foreign country. What if your assignment was to learn as much as you can about the local culture and develop relationships to get ahead and bring the rest of your “group” along to success in this new country. Maybe their are people in your own family tree who did this in the 1700’s, the 1840’s or even more recent.

What would you do?

I guess you would find out as much about the people and how they get along, right? You might read as much as you can on how to become a part of the community. You might research and learn as much about the people as possible, right?

Okay. We’ve had a meltdown. Some people lost everything. Some people didn’t have anything to begin with. Some lost money in 401ks or in pure stocks. What about you?

Well, today is a new day. You have the power to begin something new. You can begin a new adventure. The “group” you will represent will be your family. The foreign country will be your process of building a more secure financial life.

How do you do it?

The same way you would do it if you landed in a foreign country on a mission for your “group.” You would learn all you could about the people and the mission.

If you’ve been following this blog for awhile, you know we are big believers in doing your own research, spending an hour a day or an hour every other day working for “just yourself.” You know that we believe in automatic savings and building assets that generate income for now and in the future. But you should know about our philosophy of “getting to know the people and the ways of the foreign country” (known as wealth-building). After all, many people with money for some reason don’t want you to know how to really get ahead. So, we recommend that you make it easy on yourself.

That’s right. Check out sites like http://www.bloomberg.com, http://www.wsj.com, http://www.kiplinger.com and more. We recommend that you have regular subscriptions for Money and Kiplinger. Work to understand people that save and invest regularly. This is not so you leap off the deep-end and start buying penny stocks (we recommend AGAINST that) or the latest hot thing. We recommend that you have these types of magazines in your home so that you spend time getting to understand and think like richer people.

Oh, and I should say that we are not recommending that you boost automatic savings and build wealth for the sake of becoming rich. You boost savings to increase the safety net around your family, and you build wealth so that your family will have options. Times could become worse for the average family. If you have a job, you have opportunity to save.

Take the opportunity. Start automatic an savings program. Start learning how rich people think. Take advantage of their “showing off” how to increase savings and build wealth.

If you haven’t already signed up for our FREE monthly e-saver, you can do it now @ http://www.stickyasset.com/blog.

Good luck on your new adventure. I hope your “group” does very well indeed.

Loyd Ford