The most important parts of your life are determined by your spending. This may seem weird to say. It sure feels weird to write. But if you give me a chance to explain, I think you will come to agree that this is an extremely empowering concept. You get to do more of what you […]
Can You Enjoy Life Broke?
If you had no money now, could you still find a way to be happy? Of course I hope you always maintain your financial security. But it’s still a question worth asking. There are two reasons for this: First, it’s good practice. You already know that the things that matter most don’t have price tags […]
Should You Use Life Insurance To Pay Tax?
A faithful Pilgrim reader posted a great question about taxes and insurance a few days ago. He’s in his mid-30’s and he is concerned about the taxes his family would have to pay on his 401k should he die. He was wondering if he should buy a universal life insurance policy in order to pick […]
Why This Couple Is Losing Their Money and Marriage
Bert is a friend and he and his wife created tremendous financial stress for themselves. I was glad he contacted me but after I listened to him for a bit my compassion sort of melted away. Even though the couple was struggling with credit card debt they continued to spend more than they earned. I really don’t […]
Reverse Stock Splits and Stock Splits Explained
Apple shares are going to split 7 to 1 on the close of business this Friday. Is this good or bad news for Apple shareholders? I thought I’d republish this post that explains how stock splits (and reverse stock splits) work to help shed some light on this upcoming event. Stock splits and reverse stock […]
Which is Better? A Will Or A Trust? Part Two
Yesterday we reviewed the pros and cons of having a will. Now let’s move on to the trust which is sometimes referred to as the living or family trust. You can create a living trust by simple executing a few documents. Once you do that the trust becomes a legal entity that you can transfer […]