Let’s pretend that you are playing Jeopardy. Alex Trebec turns and says to you, “ the answer is “the key to your financial success””. You answer “what is a personal mission statement?” Congratulations. You just won the daily double. What is a personal mission statement? A personal mission statement declares who you are and what […]
How Much Do I Owe My Children?
Do you ever wonder how much you owe your kids? I do. I ask myself this question almost every day. I live in a pretty affluent area. If the kids decide to attend attend a picey college their parents usually send them there with no questions asked. And after these kids graduate, many with over $100,000 in […]
How To Teach Your Kids About Credit Cards
My 14 year-old, like most kids, loves to spend money. I like having control over that spending and I do this by providing her cash because I can limit the damage. But sooner or later she’s going to get a credit card like her older siblings. Here are the tools I used with the older […]
Why The Government Wants More Inflation
According to the Labor Department, inflation is currently running at 1% (a four year low) and dropping. For consumers, low inflation seems pretty cool. Low inflation means we can buy more “chozzerai” (junk) for the same amount of money. What’s wrong with that? According to the Federal government, plenty. When people expect prices to stay […]
MyCorporation Review – Business Set Up Made EASY
Deborah Sweeney and her company “MyCorporation” want to make it easy and inexpensive for small business owners to set up their business entity and maintain their ongoing legal requirements. The concept is for you to use their services to prepare all your documents and file them as required, when required. It’s true that using MyCorporation […]
How To Complete An IRA Distribution Form Right
One of the quickest ways to attract the ire of the IRS is to make a mistake on your IRA distribution form. And when it comes to completing this document it’s super easy to make mistakes. Of all the questions I get on IRAs, this is the topic that causes the most confusion. Don’t get […]