Lean on me

It can be difficult creating a financial plan, but it is ever more challenging
to stay with it. What is the solution?

First, use the buddy system. Most people I work with are couples. They already
know that a plan is being created for their benefit. Once a plan is established
and goals are prioritized, it becomes much simplier to carry that plan out.
Remember that the road to financial freedom is not a solitary one. It helps to
use the advice of your coach or others who have a throrough understanding of your
plan. Use these people as a resource and for motivation.

In economic news this week:

Currency markets moved significantly.The ground swell came
directly from Central Bank activity,
as the Bank of England kicked-off the year with a hike to 5.25%,
the European Central Bank left rates unchanged, and everyone is still in
the dark about what the Bof Japan will do next week. 

Retail sales for the U.S. increased for December, which is heartening,
considering the early data released for individual stores painted a
depressed Christmas sales season.  According to the Commerce Department,
retail sales rose to 0.9 % last month, compared with a revised 0.6 % increase
in November.  Analysts widely expected sales to come in better by only 0.5%. 
The Dollar got another boost on foreign exchange once the news was released,
and looks to stabilize above the significant 120.00 mark. 

This is important, as a stabilizing dollar will keep the
flow of foreign capital running.