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Virginia Senate Race Election 2006

If the Senate race goes for the democrats will this mean America will face higher taxes? This was the Republican battle cry during the 2006 campaign. Let’s take a look.

There is no real clear answer and only time will tell. But here are couple things to think about. I believe the Democrats will not renew any new tax cuts for the upper class. Upper class defined as anyone making over $200,000 a year. Some would see this as a tax hike, your call?

Nancy Pelosi did say they are looking at tax cuts for the middle class? Ok, but what about an increase. Not likely, thanks to checks and balances we have in our government. Bush would never sign off on any new taxes. He needs to recover his party as much as possible in the next two years.

One thing is for sure congress will tighten up its belt on spending and start to find a way to work down the enormous national debt we have created in the last 6 years. The combination on 9/11 and the wars abroad have taken its toll on the national debt.

So what does that mean for you and me? Probably not much, but just like congress, the American family needs to pay more attention to its spending and find ways to quickly eliminate debt. If we want a strong country we need to have a strong financial health of the American family.  In the end we are all Americans and we all want the best for our families.

So let’s put the elections behind us and get back to Crushing Debt!

Technorati Tags: Virginia Senate Race, Election 2006, democrats, Nancy Pelosi, tax cuts, Bush, 9/11, national debt, American family

When our child was born there was no question that my wife would stay home. We gave up an income but our child gained so much from having her mother with her everyday.

So how did we do it on just one income? We cut cost, big time! Yes, I gave up my fancy car, we gave up nice vacations, etc… but what we got back in terms of our child’s growth and happiness can not be judge in terms of dollars. The three of us live on one income and are very happy.

Life is about choices and in this case I choose the happiness of my child over material things. In very near future my wife will go back to work but I am so thankful my child had two great years with her mother.

Making the decision to step out of the work force to raise children can seem overwhelming. Some families consider it impossible to live on one income in today’s world of huge mortgages, large credit card balances and looming college costs. Yet some parents do manage to make the leap homeward.

How to survive as a one-income family (Page 1 of 3)

technorati tags:Living on One Income, child

One store in D.C. no longer will accept Cash as reported at slate.com

“The Snap Café in Washington, D.C., made the news last week when it decided to stop accepting cash. If you want one of their crepes, you’ll have to pay with plastic.”

The article goes on to explain Government entities must accept cash but private business are not obligated by law to accept cash.

So Snap Café is with in their legal rights but I think it’s crazy and is a sign that our country is absolutely addicted to credit. This addiction will have sever negative financial implication on our nations for years to come. In essence we are mortgaging away our future as a nation. Debt will Crush our future.

Technorati Tags: Snap Café, cash, Debt

Sometimes it’s hard to think about wealth when the debt load is high. Compounding is the tool almost all “rich” people use to keep growing their wealth.

“Compounding,” Albert Einstein said, “is mankind’s greatest invention because it allows for the reliable, systematic accumulation of wealth.”

Getting rich is simpler than you think - MSN Money

technorati tags:debt load, wealth, debt