It’s easy to spot when other people go overboard supporting their adult children. But it’s close to impossible to identify this in ourselves. I get that. And I’m as guilty as the next person when it comes to financially overprotecting my brood. But this can actually be a serious problem. The cost of giving our […]
How To Pay Off College Debt In Three Years – Seriously
If you are in debt, it’s very smart to focus your energy on getting out of it. You’ll have a lot more financial freedom once you no longer have to make that monthly payment. And let me indulge the math nerd inside us all. If you can pay off a student loan that costs you […]
How To Diversify Your Portfolio Properly
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 […]
How To Evaluate Stocks
Let’s say you are interested in buying XYZ stock because you like what the company does and how they do it. That’s fine. But how do you know if the stock is a good investment or not? There are of course many ways to evaluate a stock and no one method is necessarily better than […]
How Much Are Benefits At Work Worth?
There are three good reasons why it’s important for you to understand how much your benefits at work are worth: It could help you to decide whether or not you really want to be self-employed – the benefits lost will be part of the price you will pay for having your own business. Knowing what benefits […]
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 […]