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 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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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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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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student loans

College of Debt and Despair

Tons…Of…Debt. New college graduates are drowning in it. It is absolutely ridiculous. It’s also outrageous what colleges charge, and get away with, for an undergraduate degree. I’m starting to read and see young adults with $50,000…$75,000, and yes over $100,000 of student loan debt! Yowza! Many of the graduates will have a hard time finding a […]

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Too Much Life Insurance-

Can You Have Too Much Life Insurance?

Everyone makes mistakes. Heck, I make them all the time! I’ve been doing a number of financial plans lately. Within each financial plan I review life insurance needs as a part of the risk management section. Lately I’ve found many very astute investors that have just too much life insurance. This can be a mistake. It’s important to […]

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credit and students

The College Credit Card Conundrum

For the past year I’ve been helping my daughter with her college search. It’s been exciting and frustrating. Along with the mountain of brochures and info that arrive by mail are credit card offers with her name on them. Now that kinda makes me mad. The reason it angers me is that a large percentage college kids have not […]

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