There are three primary types of debt available today: 1) Revolving, 2) Installment, and 3) Mortgage. Revolving debt is the most costly type of debt and is typically made up of credit cards, which allow you to use someone else’s money, pay down the balance, and use that money again. Installment debt is typically a Read More >
What is “Financial Health?”
Posted on: 10.27.15
According to Investopedia, Financial Health is a term used to describe the state of one’s personal financial situation. Their definition goes on to say that there are many dimensions to financial health, including the amount of savings you have, how much you are setting away for retirement, and how much of your income Read More >
What is the Least Used and Most Flexible Financial Tool?
Posted on: 09.24.15
The Home Equity Line of Credit is the least used and most flexible financial tool available today! A Home Equity Line of Credit (HELOC) is a revolving credit line that uses your house, and the equity in it, as collateral. For many Americans, the largest portion of their wealth is trapped in their houses and their Read More >
To Roth or Not to Roth?
Posted on: 09.15.15
If you believe, as I do, that future tax rates will be higher, you may benefit from opening a Roth IRA. Of the 5 ways people lose money, taxes are NUMBER ONE. There are many innovative strategies for reducing your tax burden and the Roth IRA is without a doubt the best IRA available today. Traditional IRAs allow you Read More >
Financial Health Series: Episode 5 – The 5 Ways People Lose Money (Paying Cash)
Posted on: 09.01.15
https://youtu.be/77ZyGrdTY6I I was recently interviewed by Gary Collins, creator of the Primal Power Method, for a video blog series he is doing on financial health. Gary created the Primal Power Method to help people make educated decisions concerning their health. The Primal Power Method focuses on nutrition and Read More >
Financial Health Series: Episode 4 – The 5 Ways People Lose Money (Saving for College)
Posted on: 08.25.15
https://youtu.be/GrGCxw0P8gY I was recently interviewed by Gary Collins, creator of the Primal Power Method, for a video blog series he is doing on financial health. Gary created the Primal Power Method to help people make educated decisions concerning their health. The Primal Power Method focuses on nutrition and Read More >