Diversification means different things to different people at different times. At the basic level, it means not putting all your (financial) eggs in one basket. Pretty easy. But you have to dig a bit deeper. You have to understand their are risks of being diversified too. Proper Diversification Depends On Your Situation You probably think that diversification […]
Assets in Trust? Easier Said Than Done
Let’s say you set up a living trust. Are you sure your assets are in that trust? Many people specify assets they want included in the trust in the document itself but that doesn’t mean a thing. When that happens they set themselves up for big headaches. The problem is that people think everything is set […]
How To Improve Your Life By Careful Observation
I was introduced to Rhonda this week. She’s a nice lady who unfortunately lost her husband last April. She was being smart and working hard at putting her life back together. Maybe a little too hard. She was spending enormous amounts of time on her finances. Her stress level was at an all-time high. Maybe […]
When Should You Start Worrying About Retirement?
Let me get right to it. You should never worry about retirement. Never. Life is too short to waste time worrying. This is not to say you shouldn’t think about your financial future. Quite the contrary. No matter how young you are, it’s always good to plan ahead. But you shouldn’t worry about it. Redefinition […]
How To Save Your Job
What most people do when they are about to get fired is worry a lot and take no action. That is not a good strategy because it leaves your future in some else’s hands. If you are in this unenviable position it’s time to think and act outside the box. Here are 4 steps you […]
How To Ask the Right Questions
My experience tells me that the questions we ask determines where we end up in life. There is really no more cogent influence on our thinking and circumstances than the questions we formulate and ask. I don’t know about you, but I’m convinced there are 4 kinds of people: Those who think they don’t really […]