Personal Finance

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

Money and Patience – Give Yourself a Chance to Succeed

There is a funny internet meme that came out a few years ago – “Do I Run? Yes. Out of time, money and patience!” Unfortunately, many of us find it difficult to have patience for anything in our fast-paced society. When it comes to your finances, patience pays off in a big way. It is …

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Money and Self Esteem – Finding a Proper Emotional Balance

Do you feel that money and self esteem are closely tied together? That’s a very important question. All of us deserve to be happy and have a proper view of our contributions in life. Unfortunately, human beings don’t have it so easy! We are often times our own worst enemy. It’s common for people to …

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Money Arguments – Turn Conflict into Meaningful Communication

Money arguments tend to be the most damaging to couples. Studies around money and relationships clearly demonstrate a strong correlation. Money arguments are the number one predictor of divorce in the United States. Interestingly, this affects people of all levels of income, net worth, and debt. It is clear that meaningful communication around money is …

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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 …

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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 …

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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. …

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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 …

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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 …

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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 …

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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 …

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