It can be tiring to say ‘no’ when your children ask for bubble gum in line at the store, for a new toy when you’re grocery shopping, or for other miscellaneous expenses. If only your children could understand how money works, and the importance of saving. Then maybe you wouldn’t always have to be the …

Continue reading “Important Lessons in Financial Literacy for Kids”

It is amazing what people believe they are worth.  Surprisingly, many believe that paying 12 percent or more on a credit card is worth more than keeping 10 percent of their income for themselves to rely upon when they will no longer be able to work as long or as hard as they currently work. …

Continue reading “What Are You Worth to Yourself?”

When there are changes in the housing market, everyone seems to be talking about buying or selling houses. If you’ve thought about buying a house, it’s important to do the right research, because this is one of the biggest financial decisions you will make.  A house is the place where you and your family will …

Continue reading “How to Buy a House: A Housing Guide to Buying or Building a Home”

Medical bills can become a hefty expense without the proper coverage. In fact, CNBC reports that in 2018, “the average American household spent almost $5,000 per person on health care.” Depending on your family size and health needs, health expenses can really start adding up. Despite our fleeting feelings of invincibility, we are all susceptible …

Continue reading “What Is Coinsurance? The Health Insurance Language Guide”

Typical Financial Planning: The type of financial planning in use today encourages you to put your money where there is a risk you could lose the money.  The truth is, the only place you can keep your money safe from loss is in certain Bank products and in specific Life Insurance contracts which legally guarantee …

Continue reading “Investing Costs and Risk Tolerance: How to Protect Your Money”

Did you know that a Doctor’s training provides little insight into the cause of illness?  Dr. Michael E. Platt MD reports that statistically, within 18 seconds of a doctor entering a treatment room to see a patient, they know what drug they’re going to prescribe for whatever you have complained about.”[1] The same can be …

Continue reading “Can You Trust Your Financial Planner?”

If you aren’t familiar with Bank on Yourself, it’s one of many different philosophies like Infinite Banking, The Infinite Banking Concept, Private Family Banking, the 770 account and others. All of these philosophies and programs have a foundation in the general principle that a life insurance policy can be used to build savings and ultimately …

Continue reading “An Introduction to Bank On Yourself”

Let’s say you’re going to go into business. Why not partner up with someone willing to match everything you put into this new business by 50%?  That means for every $1 you put in, this willing partner will put in another 50 cents.  Typical Financial Planning advice says you can’t lose. And that this is …

Continue reading “3 Things You Need to Know About Your 401(k), Simple IRA, 403(b) and 457 Plan”

Many people are familiar with regular individual retirement accounts (IRAs) which hold stocks, bonds, certificates of deposit, and mutual or exchange-traded funds. However, few people understand the characteristics of another major retirement account—self-directed IRAs (SDIRA). We are going to cover what self-directed IRAs are, what their benefits and risks are, and who should use them. …

Continue reading “The Beginners Guide to Self-Directed IRAs”

There are many Retirement Calculators out there, insert your numbers and Ta-Dah! The calculator spits out how much money you need to have in order to retire. But these calculators can’t guarantee how much money you will need in retirement. What chunk of your money will inflation gnaw off throughout your retirement? Are your retirement …

Continue reading “Planning For Retirement”