Do you know what your spouse or partner is doing with your money? Is he telling you the truth about everything he spends? Is he really paying the bills like he says he is? Are the loans you co-sign and the investments you make really as secure as he says they are? What are the […]
Do You Know How Many Stocks You Should Own?
When you think about how many stocks to own, one word probably comes to mind – diversification. And when it comes to diversification “the more the better” – right? If some diversification is good, lots of diversification must be fantastic. Agreed? Not necessarily. The truth is that if you want to grow your money safely, […]
Planning Your Will and Estate the Right Way
Everyone wondered how much Michael Jackson had when he died several years ago and who was going to get his money. And more important they asked who wasn’t going to get anything. The reason everyone kept asking those questions was because nobody knew the answers. And the reason nobody knew was because Jackson created a living […]
Lending Money to Friends and Family without Ending the Relationship
When I first got married and starting off in business I found myself in a tight spot. Even though I hated doing it, I asked a friend for a loan. Fortunately, we able to pay my friend back shortly after he advanced us the money. A few years later, that same friend asked me to lend him […]
Should Investors Worry About War?
Have you noticed lately that every time you turn on the TV you hear about yet another catastrophic military conflict? Lately, people have taken the concept of “self-destruction” to a whole new level – and it’s not good. The human cost is beyond comprehension of course. And consider how current events lead to an epidemic […]
How To Know If You Can Afford Something Or Not
If you have the money, does that mean you can spend it? Not necessarily. Then how do you determine if you can afford something or not? If you do not keep a budget, this is a very difficult question to answer. A budget is just a formalized priority list. If you don’t have a budget, […]