What is a Wealth Transfer?

In a nutshell, a wealth transfer is any event where you give your money to somebody else, regardless of the reason. Every time you spend money, whether it’s on a mortgage payment, car payment, utility bill, groceries, cell phone, gas, a movie at Redbox, etc… you are transferring your wealth to others. Many of these Read More >

Are Unintended Wealth Transfers Costing You a Fortune?

When I meet with clients to discuss and review their financial profiles it is not uncommon for me to identify ways to save them $250, $500, and sometimes $1,000 or more per month. For the clients that I find $500 or more per month in savings, their desire to save that money is strong because they recognize the Read More >

If Your Employer Offered You a Raise Would You Take It?

Of course you would! Who wouldn’t? And in all likelihood it would be long overdue. How would that raise in pay impact your monthly income? Let’s consider an example. Assume your employer gave you a raise in pay of $250 per month. How much would you actually get to keep? All of it, right? Not so fast. Your Read More >

Is Financial Stress Taking a Toll on You?

In a March 26, 2015 article entitled “Stress in America Caused by Money,” money topped the list of stressors to Americans, beating out work, family responsibilities, and health concerns. Many Americans have taken steps to cut back on their expenses, including using coupons, cooking more at home, and cutting back on Read More >

Are You Living Paycheck to Paycheck?

If you are, you’re not alone. The Wall Street Journal recently reported that regardless of income, 70% of Americans are living from paycheck to paycheck. As a result, seventy-six percent of Americans have less than six months’ living expenses in emergency savings. Without an emergency reserve, if a sudden disruption Read More >

Is Mortgage Insurance Dr. Jekyll or Mr. Hyde?

Mortgage insurance is often seen as or referred to as a necessary evil. It’s a lot like life insurance, or any type of insurance for that matter, in that nobody likes paying the premiums, but they sure like it when they need to make a claim. When I’m asked to explain mortgage insurance I usually begin by comparing Read More >