Nearly seven out of ten people look back at buying their homes and say, “Oops, I wish I hadn’t done that.” Surprising, right? Well, a whopping 68% express regret over their home purchase, mainly because they saw others suffer during the 2008 economic downturn and the following recession, and now they’re like, “Maybe I shouldn’t …

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George Clason, who wrote The Richest Man in Babylon, came up with the 10-20-70 Rule. In his book, he shares a story about an egg merchant who wanted to know the secret of the gold merchant’s success. The gold merchant was happy to share his secret because the egg merchant wasn’t asking for his gold …

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Many parents hope to offer a financial headstart to their children and even sometimes their grandchildren. From college savings to personal inheritances, parents often strive to establish generational wealth. However, generational wealth isn’t just about leaving an inheritance—it’s about leaving a legacy.  Effective financial planning is crucial to establishing generational wealth. Money is an important …

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In 2004, we bought a house for $304,000 with no down payment and a 30-year mortgage at a 4% annual interest rate. This set our monthly mortgage payments at $1,451.34. You can verify these figures using mortgage calculators like the one available on Dollartimes. Fast forward 16 years, and the value of our house had …

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Table of Contents: A Budget System That Works Use Whole Life Insurance KEY POINTS Warren’s 50/20/30 Rule: Elizabeth Warren proposes allocating 50% of income to essentials, 20% to savings, and 30% for personal wants. This budgeting framework is aimed at balancing financial obligations, savings, and leisure. Practicality Concerns: This article highlights a discrepancy between Warren’s …

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Table of Contents: Understanding Your Financial Position Understanding Your Cash Flow and Foundation for Investing Setting Your Financial Goals Choosing Your Investment Approach Risk Tolerance Investment Accounts Exploring Investment Options Using Life Insurance as a Financial Tool Summary Deciding the most effective way to invest $10,000 isn’t straightforward. If someone offers you a quick, one-size-fits-all …

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Table of Contents: How Accelerated Death Benefits Work Types of Accelerated Death Benefit Riders Benefits of Using an Accelerated Death Benefit Accelerated Death Benefits with McFie Insurance Life insurance policies can have extra features known as riders, offering more benefits to the policyholder. One common rider is the Accelerated Death Benefit. This rider might cost …

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Table of Contents: Cash Value in Insurance Policies How to Use Your Life Insurance Cash Value Key Points to Remember Pros and Cons of Cash Value Life Insurance Cash Value Is Just the Beginning with McFie Insurance Two kinds of life insurance can provide immediate cash value: Whole life insurance, if it’s with an added …

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Table of Contents: Risks of IUL Policies The Misleading Nature of IUL’s Scheduled Premiums IUL vs. Whole Life Insurance Summary Nelson Nash, the creator of the Infinite Banking Concept (IBC), strongly advised against incorporating Indexed Universal Life (IUL) insurance into this strategy. He recognized that IUL policies might ultimately be more expensive for consumers because …

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Life insurance stands as a cornerstone in safeguarding your family’s well-being, securing your financial future, and crafting a lasting legacy. Andrew Carnegie esteemed life insurance as the “fourth pillar of Americanism,” underscoring its foundational role. While many associate life insurance primarily with its death benefit, its impact stretches far beyond that, providing a safety net …

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