There are ways to significantly increase your portfolio income. In a world of near 0% interest on CDs, that’s good news. Here are my top 3 tips on how to do it: 1. Callable CDs If you have no appetite for risk, you’re probably a CD buyer. But if you are a CD buyer, you’re […]
Why We Had Children Before We Could Afford To
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 […]
How to Pay Off a Car Loan Two Years Early
You can pay off a car loan quicker and cheaper than you think. And if you have a car loan that carries a high interest rate, your number one priority should be to pay it off as early as possible. Fortunately, it’s not difficult to do. 1. Determine how much money you need to increase […]
What is an RMD?
If you own an IRA and you’re approaching age 70 ½, you’ll be forced one day soon to take an RMD. What is an RMD? It’s a Required Mandatory Distribution, and it’s one of the most important IRA rules there are. In other words, the government will force you to start taking money out of […]
5 Powerful Negotiation Strategies that Work Every Time
You use negotiation strategies every single day, but you may not know it. If you have kids, you negotiate with them on keeping their rooms clean (let me know how that works). If you have a spouse, you negotiate who cooks and who cleans. If you have a boss, you negotiate deadlines, conditions, pay, etc. […]
Credit Card Scams and How To Avoid Them
Can you think of anything more infuriating than getting ripped off by credit card scams? Maybe there are worse things but just the mere thought of this really steams my tea. And just because you can dispute credit card charges, it doesn’t make this OK. These perpetrators are cowards and thieves and there are very […]