rising-interest-rates

What Rising Interest Rates Mean for You

The financial media has been buzzing with the possibility of a looming interest rate hike. Most economists believe the Federal reserve are determined to hike interest rates as early as September. This after almost 6 years of a zero interest rate policy. So what do higher rates mean to you? First, it means savers will […]

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money down the toilet

How a Financial Advisor Wastes Money

Wasting money is a big regret of mine. I see the long term effects of it in my profession. Every single one of us wastes money on something. It may be a hobby or even a habit. I also have a few things that I waste money on. The list changes a bit as I […]

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taxes

My Son’s First Paycheck and His Tax Revelation

We all remember that first summer job after our 16th birthday. Some of us can remember busing tables, working the drive thru window or mowing yards for some extra money. All three of my kids were swimmers and the natural first job at 16 was lifeguarding. As a financial advisor, I insist my children save […]

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Happy Father's Day

5 Financial Lessons from a Financial Advisors Dad

Father’s Day is right around the corner. I love my Dad. I cannot figure out what to get him every Father’s Day. However, he did pass along a nice gift to me. I am grateful that he taught me a few financial lessons in the 21 years I lived with him. I didn’t know it at […]

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money

Money Equals Choices

The one financial concept I preach to my kids constantly is – having money equals choices. Lack of money means limited or no choices. Think about this for a minute. The wealthy can hire better attorneys, better financial advisors and have better healthcare. Having money means a better quality of life. Now I’m sure a few […]

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catchinguponretirementsavings4-253x300

Don’t Put off Retirement Savings to be Debt Free

I’ve always thought of being debt-free as the Holy Grail in personal finance. It’s a prize that can be nearly impossible to obtain. Yes there are some people that are debt free. I say congratulations, because it is quite an accomplishment. If you do have some debt, do not make the mistake of putting off […]

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teen and money

5 Basic Banking Lessons to Teach Your Teen

I’m surprised at just how little teens know about basic banking these days. I recently opened a checking account for my 18 year old at our credit union. It was a real eye-opener. I think she was more excited about the ability to choose picture on the debit card versus the freedom of having the […]

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onepagebook

The One Page Financial Plan Book Review

Planning and investing just aren’t simple. But they can be. That’s just part of the message from Carl Richards new book, The One Page Financial Plan. This is the second book I’ve read from Mr. Richards, the first being The Behavior Gap (Loved that book by the way). He’s taken a detailed process and subject matter […]

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one lessons from monopoly

5 Money Lessons from Monopoly

Monopoly was definitely one of my favorite board games growing up. I loved playing with my kids too. What other board game would a financial advisor want to play, right? Boy did we fight and argue with this game (Not as much as miniature golf though)! What I didn’t realize at the time, even during the heated […]

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money puzzle

Why You Need to Know Your Net Worth

First, you may be wondering what is net worth in the first place? Net worth is a simple calculation. You add up all your assets ( what you own), then subtract what you owe ( your debts and liabilities). The number left over is your net worth. Assets – Liabilities = Net Worth To me, net […]

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