News
Fixing Hidden Wealth Eroders’ So You Don’t Have to Chase Returns – part 1
There is so much uncertainty in our world today. Whether it’s when a vaccine will be available for the virus, to how the economy will look a year from now, to how businesses and education will evolve to a virtual world, it may seem the world is spinning out of control. However, in times like…
Read MoreFixing Hidden Wealth Eroders So You Don’t Have to Chase Returns – part 2
Key Takeaways With homeowner’s and auto insurance, it’s tempting to keep your deductibles low. But how much are you really saving with these necessary, but rarely used policies? If impacted by a job loss or sudden drop in income, 2020 might be a good year to consider a Roth conversion. Cash value life insurance is…
Read MoreFixing Hidden Wealth Eroders
“If you could say in one word what you want more of in life, what would that be?” That’s the question Kathy Caprino (women’s success coach, writer, speaker, and leadership trainer) asked numerous people to learn what they desired but were struggling to obtain. See the entire article here. At the top of the list were…
Read MoreFixing Hidden Wealth Eroders
Although there are some positive developments such as increased vaccinations and hope for an improving economy, there is still so much uncertainty in our world today. However, in times like these, the key is to focus on the reality of the situation so we can pave a path toward progress and prosperity.
Read MoreFinancial Self-Reliance Building Bullet-Proof Wealth
Financial Self-Reliance: Building Bullet-Proof Wealth Economic self-reliance: the ability of a person, place or nation to endure successfully without additional financial support from government or other agencies.
Read MoreFamily Bank part 2
With the presidential election result finally determined, it’s time to move on and prepare for changes that may be coming. As outlined in our Declaration of Independence, our government was created to protect the unalienable rights of life, liberty, and the pursuit of happiness. That puts each and everyone of us in the role to…
Read MoreFamily Bank part 1
When Americans were asked what provides them the biggest sense of meaning in life, the vast majority, 69% put family first, well above career, money, spirituality, friends, and hobbies. Unfortunately at the bottom of the list was learning.
Read MoreEstate Planning Legacy Lock
The importance of family cannot be understated especially during times like these. Throughout our living years, we want the best for our loved ones. What about when we are no longer here? If you’re like me, I’m sure you still want to ensure your family is taken care of, and that they have all the…
Read MoreEd Slott and Taxes
The Merriam Webster definition of Freedom is the quality or state of being free: such as a: the absence of necessity, coercion, or constraint in choice or action b: liberation from slavery or restraint or from the power of another : INDEPENDENCE c: the quality or state of being exempt or released usually from something…
Read MoreDon’t Make Resolutions in 2021—Make a Realistic Plan
Study after study shows that we rarely stick to our New Year’s resolutions. Why? Because we tend to set goals that are way too ambitious, too vague, or too heavily influenced by what others tell us we should be doing—i.e., lose weight, get fit, save money.
Read MoreDon’t put your eggs in one basket
As the saying goes, “Don’t put all your eggs in one basket”. The origin of the phrase is unclear, but it is most commonly attributed to the book Don Quixote written by Miguel Cervantes in the early 1600s. For those celebrating Easter, today may be the only day it’s a safe approach to go against…
Read MoreDo you only want to satisfy needs
“All our dreams can come true, if we have the courage to pursue them.”- Walt Disney The typical financial advice focuses on helping people determine what they need for their lives financially.
Read MoreDiversification Part 1
Have you ever taken the time to visualize your future and what you want it to look and feel like? What would you like to be doing every day and who do you want to spend time with? If you don’t take the time to think about the most important things in your life, you’ll…
Read MoreCreating A Legacy Is More Than Passing Money
Instead of buying your children all the things you never had, you should teach them all the things you were never taught. Material wears out but knowledge stays. – Bruce Lee For those looking to impact the next generations of their families, most of the attention is focused on estate planning and passing wealth. For…
Read MorePlanning for Long Term Care with PTSD in Mind
Post-traumatic stress disorder, or PTSD, is a mental health condition that occurs in people who have experienced or witnessed a terrifying event.
Read MoreCompounding Interest Part 2
The only thing worse than being blind is having sight but no vision – Helen Keller With the chaos of balancing life with work or a business, spending time with family, kid activities, staying healthy, and fitting in personal interests it may seem impossible to focus on long-term dreams and goals. Just getting through each…
Read MoreCompounding Can Cause Some Serious Financial Pain
It’s often stated as part of conventional wisdom that you should let your money compound over long periods of time to create tremendous wealth. There are clear advantages to earning compound interest in certain circumstances.
Read MoreCash is King
In these times of uncertainty, I would highly encourage to you read my prior email on diversification if you missed it.
Read MoreCash Flow more important than net worth
“What would happen if you did the opposite?” A simple question, but one packed with complexity just below the surface. It’s not hard to do the opposite – you just do it. But of course it’s not that easy.
Read MoreCash Flow Family
I occasionally reminisce about the my younger days as a child growing up in a suburb of Philadelphia. Those days were incredible and were filled with fun, tremendous relationships, community, and such freedom. Freedom to explore, make mistakes (I made plenty of them), and play.
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