The simpler your financial life is the more secure it will be. When you spin lots of plates you increase the odds of having a few fall and break into a million pieces. I’m not suggesting you sit home, bury your head in the sand and keep your money under the mattress. As Albert Einstein […]
Friend Discovers Hubby’s High Credit Card Debt and Screams “I Want A Divorce”
My wife and I had a chance to sit down with a good friend of ours who recently discovered her husband’s credit card debt problem. I was shocked to hear about the financial situation she and her husband were in. Jeanie and Victor have been together for over seven years now. She’s an architect and […]
Commission-Free Exchange Traded Funds And Mutual Funds. Which Is Better?
The bigger brokerage firms are beginning to offer a set of Exchange-Traded Funds that you can buy and sell without paying a commission. Each firm has a different list of commission-free ETFs, but in most cases there are enough options to consider building your portfolio around them. Exclusively using commission-free ETFs could save you thousands […]
How to Have a Financial Life After Divorce
Divorce can be a traumatic emotional experience. But it is also frightening from a financial point of view. Everything changes and many people find they have to reinvent themselves after the split. On top of that, some people have to deal with problems they never had before like budgeting, getting out of debt etc. Neal’s […]
Debt After Death – Are You Responsible?
Are you responsible for someone else’s financial obligations once they pass away? What happens to debt after death? Does it disappear or can creditors come after the family? Like most questions financial, the answer is “it depends”. The first issue to consider is if you are a co-owner or co-signer on the account. If you […]
Don’t Buy Investments From Your Bank – Here’s Why
Banks are great places to store your short-term money but they are lousy places to get financial advice from or buy investments. That’s because they have a very strong incentive to sell you high-cost (which often means low-return) alternatives. Here’s why. Most banks are publicly traded companies. That means they need to make higher profits […]