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 […]
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 […]
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 […]
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 […]
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
- Sudden Wealth from a Life Event? July 17, 2014
- What Will the End of the Bush Tax Cuts Mean for You? May 29, 2012
- Oh No! Not Another Market Correction! April 11, 2012
- 5 Financial Lessons from a Financial Advisors Dad June 16, 2015
- Money Equals Choices June 11, 2015
- Don’t Put off Retirement Savings to be Debt Free May 26, 2015
- 5 Basic Banking Lessons to Teach Your Teen May 19, 2015
- The One Page Financial Plan Book Review May 12, 2015
- 5 Financial Lessons from a Financial Advisors Dad | The Diligent Advisor: […] to fix it yourself first. My Dad always ...
- Money Equals Choices | The Diligent Advisor: […] I’m sure a few of my readers will argu...
- Don’t Put off Retirement Savings to be Debt Free | The Diligent Advisor: […] there are some people that are debt free...
- 5 Basic Banking Lessons to Teach Your Teen | The Diligent Advisor: […] Checking and savings accounts. Checking ...
- Self-Employment Taxes are a Special Kind of Hell | The Diligent Advisor: […] Taxes are painful for everyone, but the ...