“You can’t take it with you” is a common phrase I hear when it comes to money. Another great one I heard this week from a client is, “we are all just conduits.” In other words, money flows through us while we are here, and continues to flow, even after …
Have you ever gotten to the end of the month, looked at your bank account balance, and asked yourself, “Where did all the money go?!” Or worse, had a spouse ask you this. (The last one is from my own experience on numerous occasions after 27+ years of marriage.) It …
3 Things You Can Do As a Responsible and Loving Adult Many parents ask me about what they can do to help their children achieve financial independence. They may have different ideas in mind: a college fund? A financial gift at some important milestone? A car, perhaps? All do-able, and …
We are in a period of the lowest interest rates ever. If you are borrowing money, these are some of the best of times. We have never been able to borrow money for homes, businesses, cars, etc. as low as we have been able to this past year. As a …
Ah, taxes, everyone’s favorite subject! To be fair, I have friends who actually enjoy diving into tax tables and itemizing deductions, which is wonderful! But that is not the majority of people I know. Our tax system is challenging. Yet, we all must learn to navigate it, to some extent. …
My son Matthew earned his Eagle Scout several years ago. The Eagle Scout motto is “Be Prepared,” and the program’s focus is to help boys and girls be ready to face various challenges in life. I was thinking of that training often this past week when Texas was faced with …
“What would you do if you won the lottery?” It’s a fun mental exercise that many people like to play, whether they actually buy a lottery ticket or not. The possibilities seem endless, and the empowerment seems tantalizing. But the reality isn’t always what we dream. Lottery winners are known …
You have probably seen the “SMART” goal-setting acronym, which stands for: Specific, Measurable, Achievable, Relevant, and Time-Bound. These principles apply well to our financial goals as well as other goals. Here are some brief reminders to help keep you focused and SMART this year! Specific: When setting a saving or …
The Wall Street Journal recently published an article about people who used high risk methods to buy high risk investments. These folks had turned relatively small amounts of money into exceptionally large gains in the past year. Earlier in the year, the WSJ also published an article about investors who …
With another round of stimulus checks on their way, this is a great time for fraudsters to pounce. Don’t be a victim! Follow these smart tips: If you receive a suspicious email or text message, DON’T respond, click on links, or open attachments. Banks and government agencies will NOT ask …
