Why the “secret” to financial success isn’t really a secret
I apologize but it is time for me to rant just a little. Bear with me. I love books. In fact I probably already have enough unread books I have purchased to keep me reading for the next 10-15 years. I...
View ArticleLearning from 401K millionaires
In business you often come across something called “best practices”. Basically a best practice is a technique or a method that has shown over time to be the best way to achieve a stated goal. We can do...
View ArticleLove your family through the major events of life
Marriage and divorce. The birth of a new child or the death of a loved one. Starting a new job or perhaps losing one. Buying a new home. These are major life events that can significantly change our...
View ArticleThe real secret to building wealth
If you watch late night cable you’ll find a lot of infomercials that promise they have the secret to building wealth. Google the secret to building wealth and you’ll find thousands of entries. Many...
View ArticleShould I save for retirement or my children’s college?
As parents, sooner or later we are faced with the question, “should I be saving for retirement or my children’s college?” This isn’t so bad if we are fortunate to have plenty of money, but what if...
View ArticleWhy Jim Cramer is wrong suggesting you sell stocks now
A couple of days ago, I read an article on Yahoo finance quoting Mad Money financial analyst Jim Cramer. Cramer is concerned that the current problems in Iraq are going to cause the stock market to...
View ArticleHurricanes, market corrections and your investments
The last five years have been a great time to own stocks and the market has bounced back and then some from the losses of the great recession. This year so far though has been a bit mediocre as overall...
View ArticleShould I cash out my retirement account to pay off my debt?
When people start to realize their debt is a problem, one option that often comes to mind is whether to cash out a retirement account in order to pay off the debt. This can seem like a tempting quick...
View Article6 Reasons to take your retirement accounts with you
The days of working 30 or 40 years at one company and retiring with a pension and a gold watch are almost over. In fact, a 2012 study by the Bureau of Labor Statistics showed that the median time...
View ArticleA Tale of Two Investments: 5 lessons from the last 5 years
Suppose I offered you a choice of two investments: Over a five-year period the first investment lost an average of 0.6% per year. The second investment had a 5 year average annual return of 17.7%. So...
View Article12 steps to take in honor of Financial Wellness month
I just heard this past week that January was Financial Wellness month. That’s not surprising since this is the month of New Year’s Resolutions. While January may be nearly over, this is still a good...
View ArticleRedefining what constitutes safe investments
In 2013, we finished a banner year for the stock market. I remember just 3 or 4 years ago though it would have been difficult to convince anyone that the stock market would ever make money again. In...
View ArticleDon’t let the nightly news make your investment decisions
This past year has been a terrific year for the stock market. The S&P 500 is currently up almost 23% this year alone. And yet even in the midst of a seemingly good market, there are still plenty of...
View ArticleWhat if i am too old to save for retirement?
There are many examples that point out the benefits of starting young when it comes to investing. I recently heard that if you saved just 3 dollars a day starting at age 25, assuming traditional market...
View Article5 ways to fail at investing and what you can do to avoid them
Investing doesn’t have to be difficult. In fact, history has proven that while there are certainly ups and downs, over a period of years investing in the stock market is one of the best ways to build...
View Article9 basic principles of investing
Retirement. Most of us hope to reach that goal someday. But how will we get there? Do we depend on Social Security to support us? Are you lucky enough to still have a job with a pension? Many companies...
View ArticleHow should I best spend my pay raise?
Most companies have some kind of annual merit raise process or a contractual environment where every so often you get a bump in your pay. The question is, what do you do with this new-found money? The...
View ArticleDoes the recent stock market high mean we are headed for a big correction?
I have led several classes through Dave Ramsey’s Financial Peace University over the last few years. One of the lessons that has always drawn some skepticism from a few is the lesson on investing. In...
View ArticleShould I ever pass on my company’s 401K match?
Our parents and grandparents lived in a world where it was typical to work for a company for 30 years or more and then retire with a gold watch and a comfortable pension. Unfortunately, those days are...
View ArticleFinancial lessons we can learn from the Super Bowl Champions, Part 1
If you live in America, unless you live under a rock, you are probably well aware the Super Bowl was played this past weekend. Early reports say a record 114 million people watched Baltimore defeat San...
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