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Most Recent Articles
- Contribute to 401(k)?
With all of the news of the poor performance of the stock market lately, I field many questions regarding contributions to 401(k) and other retirement accounts. Should we invest in something that appears to be heading down at an alarming rate? - There are Only 7 Steps to Become Financially Free
Far too many financial professionals make money way more complicated than it should be. While many of them are concerned about how to maximize your savings and investments to the penny, if it becomes too complicated and you do not do it, all your time and energy spent was for nothing. - Get a Job
It is no secret that there are only two things you can do to change your financial situation. You can either raise your income or lower your outgo (cut your expenses). On the income side there are many things I suggest to clients to help get out of debt faster. Each of these I have either done or would do myself. When developing your plan, decide what will work best for you, but focus on doing whatever it takes to become debt free, except for you home, within 24 months or less. - Is a Professional Worth the Money?
Many people know me as being a very cost-conscientious kind of guy. My wife just says that I’m cheap. I will live with it I guess, because we are able to save a lot of money each year by shopping for the best deals, buying things on sale, etc. - Save the Earth, and Some Money
Here are some ideas to help save your pocket book, while helping the earth at the same time. Yes, they really can go hand-in-hand. - Can You See Past Your Troubles?
Many of us get stuck in our current reality when setting goals. I meet with people all the time that cannot do one thing or another because of something that has happened to them or someone close to them. - Bringing happiness to your life
Most people equate money with happiness. In fact, if you were to ask people what one thing would make them happier, more than half would say earning more money. Is this really the case? If we just make more money, we would be happie? - Are you Planning to Win?
Most of us don’t plan to fail, but I strive to ask myself, and I planning to win? Winning can be anything you want in life. Some examples of good goals to have are raising your income, purchasing a home, starting a business, getting out of debt, saving for retirement, and raising a happy, healthy family. - Shortcuts Don't Work
When you think back through your life, has there ever been a time when you took a shortcut and it worked out in your favor? - What are You Investing For?
Much like an exercise program, you'll want to determine your goals before you begin to invest. Your goal might be retiring in 20-30 years, kids college funding or, if you got started a bit late, retirement in the next 5 to 10 years. - Making Money on Your Investments
Last week I talked about the ideal time in your life to start investing for retirement. Ideally, for everyone that time is as soon as possible. If you already missed that landmark, then the answer is NOW! Once you have a budget in place, have no consumer debt (credit cards, student loans, etc.) and have between 3 and 6 months of expenses in an emergency fund, then your time is here. Let's invest! - When to Purchase an Extended Warranty
Perhaps one of the worst deals in retail today is an extended warranty plan. In fact, electronic stores such as Best Buy and Circuit City often make more money on an extended warranty plan, than they do from the actual product. - Become a Millionaire
There was a long term study of graduate school students completed between 1960 and 1980 by Srully Blotnick, an American author. In that 20 year period, he studied 1,500 people and grouped them into two categories.
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