Ken and Daria Dolan's Smart Money Moves
The Dolans
 
5 Ways to Have More Money
Next Year
How to Keep Your Kids From Breaking Your Bank
Top Book Picks for 2007

Straight Talk Tip

You know we want your finances to be in tip-top shape, but it doesn’t end there. We’re also concerned that YOU be in tip-top shape. That means helping you get the very best health care.

Here's one way to help with that: Make a quick phone call to be sure your doctor is board-certified in his/her specialty. Call the American Board of Medical Specialties at 1-866-ASK-ABMS (275-2267), and they’ll let you know your doctor’s certification – for free.

Straight Talk Tip

Q: What is your opinion of credit card debt “fixers” like Debt Pointers?

-Mary

A:  Mary, instead of trying to do knee-jerk credit repair (with just credit cards) with possibly questionable “easy credit fix” firms, I suggest you call a reputable consumer credit counseling agency that will work with you on a PLAN to get your debt under control.

A couple worth considering are the National Foundation for Credit Counseling (1-800-388-2227) and the Consumer Credit Counseling Service (1-800-355-2227).

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Don’t Forget These Personal Finance Checkups in ’08

In a wild stock market such as 2007’s, it’s easy for your portfolio to get knocked out of balance thanks to a big run-up or downturn in one type of investment. For example, if you had your nest egg invested 50% in stocks and 50% in bonds at the beginning of 2007, your mix is far different today because of the big run-up in stocks (although the last few months have been rough). Your checkup would probably reveal that you need to shift some money from stocks to bonds to bring your investment mix back to your target mix of 50/50.

We recommend checking your portfolio mix at least twice a year, and right now as we close out 2007 is a perfect time to do it! Be sure to take a look at the investments in your 401k plan, too. Most plans let you make changes four times a year, and some more frequently than that… with an expanding number of investment alternatives.

Ask your benefits officer if you're not sure about the details of your particular plan.


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5 Guaranteed Ways to Have More
Money Next Year

Happy Holidays!

Is this a great time of year or what? We hope you and all of our Dolans.com members are having as wonderful a holiday as we are… full of family, fun, and of course, food (Ken’s favorite part!)

For us, the day after Christmas is a day to relax. That's definitely not the case with most people, as the malls and stores are jam-packed with folks returning that purple polka-dot sweater from Aunt Martha.

It's also a day for folks to look back at all the cash they just spent and realize, "Ugh, I need more money." Well, guess what? You can find more money, and you don't even need a pay raise to do it!

Increasing your wealth is easier than you may think, and you don't have to resort to fancy gimmicks. Let us get you started right now with 5 Smart Money Moves that will reap benefits all year long. How? By helping you find and save money in places you may not have thought of.

Not only will you see immediate results to help your cash flow in the New Year, but you'll also enjoy a fatter wallet for the next holiday shopping season! Now, who wouldn’t want that a year from now?

Click here now to learn our simple steps for how you can be richer this time next year!

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The Dolan Plan: How to Keep Your Kids From Breaking Your Bank

If you have children or grandchildren, we’re sure many of you are still feeling the effects of a frenzied, wrapping paper-filled day. There's nothing better than watching the faces of kids as they open their presents, eyes wide with excitement.

Unfortunately, your eyes may be wide open as well, but with more of that deer-in-the-headlights look as your bank account needs to recover for the next few months, too!

Kids may covet that $200 cell phone or the newest video game system ($300!), and we understand that. It's part of being a kid! But here's another gift that you can give your children. They won't ask for it, but it's one of the most important gifts you have to offer.

We're talking about teaching your children and grandchildren to be money smart. Boy, do we wish someone had done that for us! We couldn't even begin to count the number of people who have called us on our national radio show with money problems that could have been avoided had someone shown them the “basics” early on.

We believe it’s never too early to teach kids about money! The schools do a lousy job of it, so it's up to all of us to create a generation of money-smart kids.

Get started now with our 5-step plan to bringing up money-savvy kids at any age.


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Dolans.com Members’ Picks
for Top Books of 2007


Over the past few Smart Money Moves, I (Daria here) asked you to send me the name of the best book you read this year. Thanks to all of you who responded – we have some avid readers in our group!

I have loved checking out all your suggestions and found some books I can't wait to read myself. Here are four of your top recommendations:

Water for Elephants, by Sara Gruen
A Thousand Splendid Suns, by Khaled Hosseini
The Dive From Clausen’s Pier, by Ann Packer
Innocent Traitor, by Alison Weir

For the full list, click here and check out my thoughts on all your picks, as well as a couple of my own recommendations!

Sincerely,

Dolans
Ken & Daria Dolan

P.S. In just a few short days, we'll be ringing in a new year! As you get ready to watch the ball drop, you may be thinking about resolutions for 2008. Well, keep an eye out for next week’s Smart Money Moves because we’re right there with you! Whether it’s reducing debt, saving for retirement, or getting bigger gains on investments, we have you covered with the latest strategies and advice on how you can make your financial dreams come true next year.

In the meantime, be sure to check back often at Dolans.com. We’re constantly adding new goodies!