In the past we examined the differences between a will and a trust. So which is the best choice for you? Pre-Game Warm Up Before we dive in, let me reiterate that the best way to know is to speak to a qualified attorney. And remember that your trust or will doesn’t control all of […]
5 Money Lessons Your Kids Need Before It’s Too Late
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 […]
How To Start Saving Money
Most rich people I know got wealthy starting from scratch. If you think about that, it’s inspiring. It means that anyone can drastically improve their finances – including you. I don’t care how much money you make, it’s how much you save and invest that matters. But many people I know simply don’t save as much as […]
How To Know Exactly What To Study In College And Where
Choosing the right college and the right major is one of the most important decisions your kids will ever make. That’s why you’ve got to be part of the decision. (That’s right. If you’re shelling out $50,000 to $300,000 for a 4 year degree, you get a few votes too.) Remember, there is more […]
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 […]