• How Much Do I Need to Retire?

    Most middle-aged adults and soon-to-be retirees have the same question: How much do I need to retire? We should consider this question at all ages and stages. There are no easy answers, nor is there a one-size-fits-all approach. Since how much you need for retirement is based on your specific […]

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  • Ten Things To Do For Your Children Right Now 

    (1) Talk honestly about your household finances (2) Open an investment account (can be set it up as a trust) (3) Get them a passport (4) Start a college fund (5) Start a savings account (6) Get them a library card (7) Check out books on coding or anything involving […]

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  • Purchases as Trade-Offs

    Be clear about how you think of money and how you spend it. Money doesn’t buy happiness, but it can certainly make you comfortable. Let’s consider the time it takes you to earn money. Let’s say you earn $15 an hour at your job, and you’re considering purchasing a TV […]

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  • Living Wills and Advanced Directives

    Continuing the theme of getting your house in order by focusing on one task at a time, your family’s financial planning and overall planning can be established by February. Last week we highlighted trusts and wills. This week let’s consider living wills or advanced directives. A living will is a […]

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  • Financial Goals

    Any time that we want to change our financial picture, we need to start by setting financial goals. Many people look at the New Year as a good time to begin making changes and creating new financial habits. In order for our changes and goals to be successful, we should […]

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  • Wills and Trusts

    They’re not just for the old. Think about and make a plan for yourself. A will is basically a simple document stating what you want to happen to your worldly property in the event of your passing. After you pass away, the will is used in public court in a […]

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  • Year-End Financial Freedom

    Consider your relationship with money and how you’ve used it. The point of this introspection is to try and understand your relationship with money and how you use it in your life – understand the areas where you’re weak, the areas where you’re strong, and how you can improve the […]

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  • Financial Irresponsibility

    There is an integrity and character demonstrated in how you deal with your debts. Some people freely incur debts with no thought on how they’ll be paid. Your money habits (aka credit worthiness) are an indicator of how you deal with debt. Strive to do what’s right in everything you […]

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  • Four Ways You’re Throwing Money Away

    1. Not buying refurbished electronics. Free yourself of the notion that refurbished electronics are rejects or failures. Any returned item gets labeled as refurbished. So, look into a good deal on perhaps a new-to-you iPhone or laptop. 2. Buying gift cards in store. You don’t know what to get your friend, but you know […]

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  • Credit Scores

    The author James Baldwin said it’s very expensive to be poor. We often pay more for everyday goods and services depending on where we live. In this age of predatory short term pay day loans and high interest credit cards we must be mindful of our credit. A few late […]

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