Do you really want your children to live with you until they hit their mid-30s? According to the Wall Street Journal and the U.S. Census Bureau, there is a good chance that could happen. They found that 32% of all people age 18 to 34 live with their parents. Drag. I love my kids as […]
Investing Strategies
They don’t teach investing in school. It’s no wonder that so few of us really understand how investments work, what mutual funds are and how to select the right investments for our unique situation.
The following articles explain how the stock market, mutual funds, annuities,stocks and bonds work in plain English. They demystify investing and empower you to make better investing decisions for you and your family.
What is the Rule Of 72 And Why It Is Dangerous
Sooner or later you’re going to hear about the “Rule of 72” if you talk about investing long enough. The “Rule of 72” is a simple formula that helps you figure out how quickly your money doubles based on the interest rate you earn. Sounds harmless…right? Well it’s not. First let’s look at how it […]
The Secret To Understanding What Makes Your Advisor Tick
Most advisors are honest, responsible and trustworthy but there are always a few bad apples. I recently wrote a post for Forbes on how some financial advisors sweet talk and swindle their clients. In it, I described the favorite tricks these small number of stinkers use to separate you from your dough. How do you make […]
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 […]
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 […]