Personal Finance

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

Understanding Investment Asset Classes – Why Is It So Important?

I often discuss the benefits and advantages of having a diversified portfolio. What exactly does that mean? A critical point to understand is the importance of having various asset classes in your portfolio. An asset class is simply a group of stocks or bonds that share similar characteristics. These businesses are not necessarily in the …

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money and relationships

Money Friction – How Can You Strengthen Your Relationships?

Money friction can end up being the main source of disagreement in a relationship. You are probably familiar with the common statistic that roughly half of American marriages end in divorce. Out of those marriages, estimates are that between 35 to 50 percent of them ended because of money problems and disagreements. Throw in a …

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Credit Cards – Should They Even Be In Your Wallet?

Nothing brings out more mixed emotions than the credit card. Various financial writers feel that credit cards are pure evil.  They will give you countless of examples of people who abused credit cards and ended up in financial ruin. Other experts will mention the many benefits that credit cards offer. You might get the impression …

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Car Leases – Are They the Right Fit For Your Circumstances?

I do not think there is one thing that causes more debate in the financial community than car leases. You could read 100 different articles on buying versus leasing and probably get 100 different opinions. Some writers would probably rather see you burn the cash in a large pile than lease a car because they …

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Risk Management Process – How Does it Impact Your Daily Finances?

Most of us do not give much thought to the risk management process when it comes to our personal finance. Perhaps you think it is just some abstract business concept that is as exciting as watching paint dry. The reality is that successful risk management is essential to proper financial planning. I love the classic …

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Beneficiaries: Take Action and Avoid This Tragic Financial Mistake

There was a loving couple who enjoyed many years of marriage. He was a teacher and she was a stay-at-home Mom. They had worked hard to protect their family and had taken steps to get some basic life insurance.  Because of his tenure as a teacher, he knew that his pension would also help protect …

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Marriage Compatibility – Make Sure Money is Part of the Discussion

Marriage compatibility is very important in our culture. Americans strongly believe that love is the main foundation of a good marriage. When you think of love, you probably think of the romantic ideal of marriage. While love is a vital quality in any good relationship, there are so many other factors that truly lead to …

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