Money has been used as a form of payment for goods and services for hundreds of years. Over the course of time the status of money has taken on a much greater importance with people as it has become something desired and hoarded. Money has taken on a life of its own in today’s world. [...]
Archive for February, 2010
Money is a Tool, Nothing More…Nothing Less.
Posted in Education, tagged financial planner, goods and services, money on February 26, 2010 | Leave a Comment »
Minimize Doom and Gloom with a Personal Disaster Recovery Plan
Posted in Disaster Planning, tagged disaster recovery plan, insurance coverage, natural disasters, safety plan on February 25, 2010 | 1 Comment »
An ounce of prevention is worth a lot. Keep in mind that I am an optimist. From my viewpoint, the glass is half full. But, just for a moment, let’s consider that other half—the empty part. Life is good, as they say, most of the time, for most of us. Yet natural and man-made disasters [...]
Can a Marshmallow Determine Your Spending Habits?
Posted in Education, tagged marshmallow experiment, Rule of 72, spending habits on February 24, 2010 | 1 Comment »
The world seems to have a bit of a problem with impulse control these days whether it be with Tiger Woods, Bernie Madoff, or philandering politicians. Certainly none of us have total control of the things that we do, that we know are bad for us, but we do them anyway. When it comes to [...]
Financial Planning Issues for Military Families
Posted in Education, tagged deployment orders, military family, MilitaryOneSource, Power of Attorney, Savings Deposit Plan, service members, Thrift Savings Program on February 23, 2010 | 2 Comments »
Part 1 of 3 Service members facing deployment or perhaps returning from a deployment face a number of financial planning issues in addition to the many other issues that deal with leaving loved ones to help defend our great country or reintegrating themselves back into their family’s daily life. This blog will deal with some [...]
Debt Payoff Strategies
Posted in Credit/Debt, tagged debt, debt payoff, debt snowball on February 22, 2010 | 4 Comments »
One sign that the recession still isn’t behind us is the many who are still struggling with debt. A recent study by TransUnion shows more people are choosing to pay back their credit cards, while at the same time delinquent on the mortgage, in order to maintain credit for living expenses. This is in contrast [...]
Simplifying the Investment Decision: An Overview
Posted in Investments, tagged diversification, investing, investment objective, risk on February 19, 2010 | 1 Comment »
There are three basic considerations in any investment decision. The first is the understanding of the investment objective or why the investment is being made. While this may seem somewhat irrelevant at first (why would you be investing if you do not know what you are doing), combining investment objectives can pose problems downstream. For [...]
“You can always tell a Harvard man…”
Posted in Education, tagged financial life planning, KISS, marketable alternative strategies, simplicity on February 18, 2010 | Leave a Comment »
I sometimes wonder if we don’t trip ourselves up with our supposed intelligence and constant search for a way to make our future more secure. Did you ever wonder if maybe the KISS (Keep It Simple, Stupid!) principle is the right way to plan for the future? By definition (think of your own experience) the [...]
Love is in the Air – Planning Past the Wedding
Posted in Banking, Credit/Debt, Divorce, Education, Home Ownership, Insurance, Investments, Retirement, Savings, tagged allowance, credit cards, credit score, debt, financial personality, financial planner, inheritance, Insurance, saver, spender, wedding, wedding planning on February 17, 2010 | Leave a Comment »
Have you noticed the magazine covers this month? Not that one — Sports Illustrated notwithstanding, you are probably looking at several wedding covers on the magazines in your grocery checkout line. If you have young adults in your family, chances are you’ve experienced the wedding vortex on some level or may soon. If you are a [...]
It Pays to Protect Your Assets
Posted in Investments, tagged asset protection, assets, diversified portfolio, liability insurance on February 16, 2010 | Leave a Comment »
“It isn’t how much money you make that matters; it’s how much you get to keep.” Recent years have shown most investors that an unfavorable stock market or global financial crisis can threaten their nest eggs. A potentially greater threat, however, is less obvious. Stock-market losses won’t ever wipe out a diversified portfolio. A lawsuit [...]
Pants On The Ground
Posted in Disaster Planning, Home Ownership, Insurance, Investments, Retirement, Savings, tagged American Idol, assets, finance, insurances, mortgage, Pants on the Ground, portfolio on February 15, 2010 | 3 Comments »
Pants on the ground Pants on the ground Lookin’ like a fool with your pants on the ground With the gold in your mouth Hat turned sideways Pants hit the ground Call yourself a cool cat Lookin’ like a fool Walkin’ downtown with your pants on the ground By General Larry Platt Okay, I’m quite [...]