Financial Planning

This category deals with the financial planning process and the requirements needed for success.

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 …

Understanding Investment Asset Classes – Why Is It So Important? Read More »

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 …

Money Friction – How Can You Strengthen Your Relationships? Read More »

how to have a diversified portfolio

Diversified Portfolio – Don’t Put All Your Eggs In One Basket

“The best offense is a good defense”. That popular phrase usually applies to sports. However, you can make a strong case that it is also very appropriate for your finances!  You are aware of the fact that you need to increase risk in order to gain greater returns. Likely, your emotions tell you to play …

Diversified Portfolio – Don’t Put All Your Eggs In One Basket Read More »

Investment Advice – Avoid the Noise and Build Your Own Strategy

Every day, we are all inundated with advertisements. Whether we are watching television, surfing the internet, or reading a magazine, advertisers are working hard to grab your attention and your money. The financial industry is no different. Investment advice often comes in a nice commercial package. Chances are you will see several ads in a …

Investment Advice – Avoid the Noise and Build Your Own Strategy Read More »

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 …

Credit Cards – Should They Even Be In Your Wallet? Read More »

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 …

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

Cash Flow Management – Make it a Regular Financial Habit

One of the key habits of good personal finance is cash flow management. You might immediate think of a business when you hear the term, since it is a critical concept in managing a successful business. However, there are many concepts from the business world that apply to personal finance. If you manage your money …

Cash Flow Management – Make it a Regular Financial Habit Read More »

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 …

Beneficiaries: Take Action and Avoid This Tragic Financial Mistake Read More »

Money Matters – Why Everyone is a Financial Planner

What do you think of when you hear the term “wealth planning”? Do you think of your own personal finances? Many people hear the term wealth planning and immediately think about the “Lifestyles of the Rich and Famous”. You might imagine exotic locations filled with yachts, luxury cars and mansions. When discussing money matters, you …

Money Matters – Why Everyone is a Financial Planner Read More »