Building a Financial Planning Tower may seem like a lot of work. Any time you are building something, you want it to be strong so it will last. The top layers need to stand on a sturdy foundation so it won’t topple or break. This is equally true for financial planning. Let’s explore how to build a financial planning tower … Read More
Have You Covered Your Ass(ets)?
What is your biggest asset? When I ask this question to prospective clients, most respond that it is their house. Others say it’s their retirement savings account. I contend that your biggest asset is your ability to earn money over your lifetime. Without that, all of your other assets disappear. You probably have insurance on your home and car, and … Read More
What to Do When You’re on the Bubble
With graduation looming, many parents are bracing themselves for the inevitable rollercoaster ride that is the transition from high school to college with their eyes (and wallets) wide open. For a large number, there’s still ‘parental homework’ left to complete with the myriad of testing, applications, essays, visits, scholarships and financial aid paperwork, many with deadlines approaching over the next … Read More
How Much Money Do You Need to be Happy?
How much money do you need to be happy? The answer finds that most people fall into one of three categories. 1.) Those that believe the best things in life are free. 2.) Others that attribute their happiness to earning more and subsequently acquiring more stuff. 3.) And finally, those that are happy with enough to afford life’s necessities of … Read More
Get a Grip on Your Paycheck: Managing Your Allowance
Do you remember getting an allowance as a kid? I certainly do! My siblings and I would all wait with Christmas-like anticipation for Sunday evening as this was my Dad’s preferred time to dole out the dollars. I very distinctly remember counting out my change and thinking that I was rich! Sometimes I would even try to do extra chores … Read More