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... Read More →
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... Read More →
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... Read More →
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... Read More →
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... Read More →
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... Read More →
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... Read More →
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... Read More →
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... Read More →
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... Read More →