Claremore Daily Progress

Top Stories

December 30, 2013

10 easy-to-do steps to lower economic stress in 2014

It's that time of year, when many people resolve to be better: Got to lose 20 pounds, stop smoking, start exercising. Human nature is such that come January, there will be a 20-minute wait for the elliptical machines in the gym . . . and by mid-February, that wait will drop to zero.

Resolutions are usually a terrible way to effect change. Changing habits involves changing your lifestyle, and that requires a deep commitment that most of us lack.

If you've resolved to get your financial life in order, I offer 10 important and easy-to-do steps. None is groundbreaking, but they are all too easily overlooked. If you do all 10, I guarantee that you will be better organized and more aware of your finances. That will lead to better decision-making and lower levels of economic stress.

1. Have a goal-based plan. Investing is a tool to achieve specific goals. Most people invest to save for retirement, college or a major purchase. However, like all the lights and bells in a casino, there is great temptation to get caught up in Wall Street's whirlwind. With the media buzz, trading action and diversions related to investing, it is easy to get distracted.

Break that habit. Figure out your needs, and pursue that objective. That means asking questions about your future and mapping out a plan in response. (When are the kids going to college, and what's that going to cost? When do you want to stop working? How much do you want to spend in retirement? How much traveling do you want to do?)

These sorts of questions are what matters to your portfolio — not how you did vs. Standard & Poor's 500-stock index last month. You are not a perpetual endowment or foundation — you have very different goals. Recognize and act on that.

Text Only
Top Stories
  • City open records dispute continues

    The city of Claremore will pay $41,324.25 in attorney fees to the Vinita law firm who challenged their compliance with the Oklahoma Open Records Act.

     

    July 29, 2014

  • Claremore sisters featured on talk show

    During their recent trip to Los Angeles, Claremore sisters Lindsey and Whitney Martin made the most of their time in the city of angels, spending time with family, visiting several beaches, restaurants and Hollywood attractions.

    July 29, 2014 1 Link

  • Elementary students learn to bid at Zebra Stripes auction

    Claremore elementary students in the Zebra Stripes summer care program participated in a student-friendly auction Friday at Roosa Elementary. The auction was presented by Daneen Shepherd, realtor/broker and auctioneer of Tulsa, who taught the children how to bid on items efficiently and effectively.

    July 29, 2014 1 Link

  • Treasurer issues tax warrants

    For the first time, tax warrants are being issued in Rogers County to collect unpaid personal property taxes.
    This week, some local business owners should expect to be served by the Rogers County Sheriff’s office.
    Personal tax warrants have been issued to three local companies, who owe a total of approximately $38,000 in past due taxes.

    July 29, 2014

  • No evidence or human remains found

    Rogers County Sheriff’s deputies and assisting agencies vacated a Tiawah property Friday, after no evidence or human remains were found in connection to the disappearance of a local resident that went missing in 1996.

    July 27, 2014

  • RCLC launches letter campaign

    The Rogers County Literacy Council, RCLC, is launching their annual letter writing campaign.
     A United Way Organization, the council is asking for community support to help promote literacy in the English language.

    July 27, 2014

  • taylor.armerding.jpg Inequality crisis shot with factual problems, hypocrisy

    President Obama, various media and political liberals say inequality, of all things, is the defining issue of our times. Yet this message is delivered by multimillionaires and a president who jets from tee time to stump speech on the taxpayer's dime.
     

    July 26, 2014 1 Photo

  • Obama wants limits on US company mergers abroad

    Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded “economic patriotism” from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.

    July 25, 2014

  • Local churches impact poverty

    Claremore First Christian Church, First United Methodist and the Pastoral Alliance are combining efforts to host a 16-week program, “Getting Ahead in a Just Getting by World,” based off of the national program — “bridges out of poverty.”

    July 25, 2014

  • Grand Jury recesses until August

    The multicounty grand jury charged with investigating accusations of misconduct by Rogers County officials recessed Thursday until August 19-21, saying it needed to hear from more witnesses before returning a finding in the matter.

    July 25, 2014