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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
About David Dedman
David A. Dedman is President and Founder of Lexington Wealth Management. David has been assisting investors and business owners invest smarter, grow wealth and plan for the future for over 20 years. David has appeared in such publications as WealthManagement.com and the Huffington Post.
- Fear and Greed: Still the Great Motivators April 1, 2012
- 5 Reasons to Do Financial Planning…Even During A Zombie Apocalypse March 22, 2012
- The Difference Between Saving & Investing June 12, 2012
- Sudden Wealth from a Life Event? July 17, 2014
- Oh No! Not Another Market Correction! April 11, 2012
- What Rising Interest Rates Mean for You July 23, 2015
- How a Financial Advisor Wastes Money July 16, 2015
- My Son’s First Paycheck and His Tax Revelation July 9, 2015
- 5 Financial Lessons from a Financial Advisors Dad June 16, 2015
- Money Equals Choices June 11, 2015
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