No Money Worries. No Matter What.
When companies make profits they either reinvest that money or pay some of it out to the owners (shareholders). A dividend is just a cash payment to people who own shares in companies. If you own mutual funds that own shares that pay dividends, the fund holds on to those dividends as they come in […]
It isn’t complicated to calculate your personal net worth. I’m going to show you how to do that. But what does net worth mean? And how do you use this information? These are good questions. First let’s learn how to calculate your personal net worth. Then we’ll consider how to use the term. What is […]
When you turn 70 ½ you reach the required minimum distribution age. That means you must take a certain amount out of your IRA and most other retirement accounts as well. These are known as RMDs – Required Minimum Distributions. That’s right. Even if you don’t need or want the money, you must take out […]
If your spouse is a cheapskate (or you think he/she is) it can easily lead to arguments and resentments. Even if he or she really isn’t the tightest person in the world, just having this opinion is really dangerous. Fights about finance are the top predictor of divorce according to Kansas State University research. I’m not […]
If you are on the hunt for investment income you might consider buying preferred shares. Many investors are drawn to these puppies because they provide more income than bonds and more stability than stocks. A no-brainer….right? Not so fast. First let’s consider how they work. Then we’ll look at how smart an investment they […]
When you get fired your emotions flare. Anger. Fear. Guilt. Shame. It’s a time of supercharged feelings and that can make it very difficult to focus and do what you need to do to get back into the game. That’s why I’ve created the following “to do” list. Without further ado, let’s go. 1. Dwell […]
