A faithful Wealth Pilgrim reader asked me recently what a good debt to income ratio is. I did a little research and come up with an answer which I will share with you. Then, I want to explain why it doesn’t matter. First things first. What is a debt to income ratio? Your debt to […]
Investment Advisor Search – Day 3 – Registered Investment Advisers
It’s all about trust when you are looking for an advisor. Right? Let’s see if we can learn more about how advisors are licensed, trained and compensated. That’s the key that will help find you someone you can trust. We spoke about CERTIFIED FINANCIAL PLANNER™ Professionals and insurance agents and stockbrokers. Now let’s look at […]
The Cheapest Way To Protect Your Family – A Living Trust Or Will
I bet your biggest heroes are the people who do the most for their families. Right? Those are the people most highly rated in the Pilgrim book I can tell you that. Well, if you want to be a hero to your family, get a trust or will and make sure the accompanying documents are […]
Secrets Financial Advisers Never Tell – Day 2 – How to Find an Insurance Agent
Let’s continue our discussion on how investment advisors work. First, we spoke about CERTIFIED FINANCIAL PLANNER™ Professionals. Now lets turn our attention to life insurance agents and stock brokers. Insurance agents have a bum rap…and I hate to say it…but in my opinion, much of it for a good reason. The State issues licenses to […]
What Is Passive Income?
Passive income is sweet. Its income you derive without working. You just sit there and collect oversized checks. It sounds alluring doesn’t it? But is passive income really that easy? And if so, how do you sign up for some of that lovely stuff? How To Create Passive Income Let’s answer this by way of […]
Coming FICO Score Changes That May Rock Your World
FICO is changing the way they calculate credit scores. For many people, that means scores are going to go up. You might think this is great news but as you’ll see it may not be. In fact, it may be a terrible development. And this is something you need to be aware of even if […]