Personal Finance

This category deals with topics specific to personal finance and provides advice and guidance on various financial products.

Teaching Kids About Money – Changing the Conversation

Teaching kids about money is one of the greatest gifts we can give to future generations. This is a topic I discuss on a regular basis. I do not think it can get enough emphasis. For some reason, there is a huge stigma in our society when it comes to discussing financial topics. This causes …

Teaching Kids About Money – Changing the Conversation Read More »

Home Regret – Avoiding a Massive Financial Mistake

There have been several articles recently on the subject of home regret. A sizable portion of millennial buyers are expressing regret when it comes to their house purchase. Unfortunately, home regret impacts people of all generations. If a house is a burden and the costs outweigh the benefits, it can be a boat anchor to …

Home Regret – Avoiding a Massive Financial Mistake Read More »

Financial Literacy – Changing the Conversation on Money

Financial literacy is one of the great mysteries of American culture. People in the United States enjoy a very high standard of living overall. For a country that has produced untold wealth for millions of people, the general lack of financial literacy in our culture is shocking. Many Americans struggle with money issues throughout life. …

Financial Literacy – Changing the Conversation on Money Read More »

Opportunity Cost and the Daily Money Decisions You Make

Opportunity cost is something you deal with on a regular basis. Imagine this scenario in your mind. You were just told that you are being given a gift of $5,000. You can use it however you like. As the possibilities begin to swirl in your mind, you know that a big decision is coming. Should …

Opportunity Cost and the Daily Money Decisions You Make Read More »

Target Date Funds – What You Need to Know!

Target date funds are seeing increasing popularity among investors. Many 401K plans and other work-sponsored retirement accounts now offer a variety of target date funds. Why are they becoming so popular? What do you need to know about these investment vehicles? Target date funds help address a problem that many investors face. One of the …

Target Date Funds – What You Need to Know! Read More »

Buying a Timeshare – Is it Ever a Good Financial Decision?

Buying a timeshare is common in the United States. Statistics show that 1 out of every 12 Americans owned one in 2014. If you have ever been to a popular resort destination, chances are you are familiar with the sales presentations. You receive an offer for a free nights stay, admission to the amusement park …

Buying a Timeshare – Is it Ever a Good Financial Decision? Read More »

Millennial Money Myths – How to Avoid Stereotypes and Succeed Financially

Millennials. Just the mere mention of the term brings out a variety of opinions. It always amazes me how certain generations get assigned a number of stereotypes. Stop me if you have heard these before:Millennials are lazy and entitled.This generation is so selfish and immature.Millennial money habits are terrible. This is truly the “me” generation.Millennials …

Millennial Money Myths – How to Avoid Stereotypes and Succeed Financially Read More »

Do You Need a Money Manager to be a Successful Investor?

Would you pay a huge percentage of your hard earned cash to have a money manager invest it for you? That doesn’t sound like a very good deal, but that is exactly what some people do. If you decide to work with an investment adviser, you need to make sure you are getting the appropriate …

Do You Need a Money Manager to be a Successful Investor? Read More »

Fear of Investing – Conquer the Things Holding You Back

The fear of investing is a very powerful barrier for a lot of people. With constant talk of stock market crashes and economic slowdowns, it’s natural to have a cautious approach. However, investing is still one of the best wealth builders available for the majority.  It is important to consider facts over emotion when you …

Fear of Investing – Conquer the Things Holding You Back Read More »

Index Funds and Mutual Funds – What Should You Look For?

For the vast majority of investors, index and mutual funds are the preferred way to gain access to the stock market. In general, mutual funds are a pool of investments funded by shareholders that trades in diversified holdings which are selected and managed by a professional. Index funds are a pool of investments that match …

Index Funds and Mutual Funds – What Should You Look For? Read More »