Do you share financial information with your family? Is that the best method for teaching children about money? How much information should you share? I personally think it’s very smart to include children in the financial reality of your family’s situation as soon as possible. Here’s why: It dispels the notion that money grows on [...]
Are you ready to have your adult children living at home with you again? Like it or not it’s a distinct possibility. According to a Pew Research Center survey done recently almost a third of all parents in the United States are seeing their adult children move back home. With one child living overseas and [...]
My guess is that you place a high value of understanding everything you can about finance. But what good is having great financial skills if the person you spend your life with is on another financial planet and you don’t have a financially compatible relationship? Not much. No matter how smart you are, if your [...]
Have you ever seen that clip from the 70’s Movie “Network”? If not, you are missing out. It’s one of the very best moments in cinematography there is – besides “the Godfather” of course. While the movie as a whole is rather forgettable, there is a scene where the main protagonist – television newscaster Howard [...]
The Occupy Wall Street people have done us all a great service by forcing us to re-examine our relationship with money and ask the question, “Is greed good?” They are sure that the greedy pursuit of wealth is the root of all evil. While in reality, just the opposite is true, we can only understand [...]
If you have serious marital problems, you have to understand – before you call your divorce lawyer – what divorce will do to your 401k. The reality is there are some issues over which you have no control. But there are things you can do that will have a significant impact on yourself and your [...]
Have you ever stopped to ask yourself what you really know about the poor people in America? I know I never have. Are most poor people homeless? Are most poor people hungry? I’m not proud of saying this, but I never stopped to consider it. A few months ago I read an editorial in Investor’s [...]
If you were playing a word association game, it wouldn’t take long for somebody to put the words “children” and “expensive” together. According to Time Magazine, the average cost of raising a child born in 2007 to age 18 is $204,000. And that doesn’t even consider the fact that few parents cut the financial strings [...]
Do you ever wonder how much you owe your kids? While the answer always boils down to personal values, I think the question is worthwhile to bring up. I know I could use your input because I always learn so much from your comments. I live in a pretty affluent area. When kids get into [...]
Family financial planning is a topic that is very sensitive with me. Growing up, my parents didn’t do the kind of financial fire drills they should have. As a result, when calamity struck, we weren’t prepared. And as a result of that, our family was destroyed. If people rely on you, I believe there is [...]