If you struggle with getting your spouse to stick to a budget you’re not alone. I received a very nice e-mail from “R” recently. She wondered how to make sure she and her new husband could become financially secure and someday have enough money to retire. She wasn’t specifically worried about getting her husband to […]
Scottrade Review – A Certified Financial Planner (R) Professional Weighs In
If you are in the market for an online broker, this Scottrade review will save you a lot of time and money. I’m going to spotlight the good, the bad and the ugly when it comes to this company. Over the last 28 years, I’ve learned what’s important about brokerage firms and my findings will […]
Women and Wealth vs Men and Money
There is no doubt about it. Research proves that women and wealth are a better match than men and money. Women are simply better investors than men. Professors Brad Barber and Terrance Odean published a paper a few years ago that found women less likely to be overconfident when it comes to investing. As a […]
What is an ETN?
You may have heard of ETN’s. I keep hearing the term being thrown around all over the place but I never see it defined. So what is an ETN? “ETN” stands for Exchange Traded Note. It sounds similar to an ETF (Exchange Traded Fund) but it is very different. When you pick an ETF it […]
Investment Earnings vs Withdrawal Rates
If you understand that investment earnings and investment withdrawals have nothing to do with each other, you will understand more about money than 95% of the people around you. First, let’s take a minute to make sure that you and I are on the same page. Investment earnings are what your investment earns. So if […]
What is the Difference Between Profit and Revenue?
If you want to be a successful small business owner, be an important part of someone else’s business or just want to run a tighter ship at home, it’s critical that you understand the difference between profit and revenue. Many people, even sophisticated entrepreneurs, forget the distinction and as a result end up bankrupt. If […]