Getting rid of outstanding credit card debt is generally a top priority for most people that have credit card debt, but they either don’t know how to go about doing that, they don’t have the extra money necessary to do it, or both. There’s good news for those that own a home. The quickest and most efficient method Read More >
What is the Biggest Threat to Financial Health?
Posted on: 11.10.15
While not having an emergency reserve represents a big threat to anybody’s financial health, without a doubt, the biggest threat to the financial health of many Americans is consumer debt! Consumer debt is comprised of credit card debt, auto loans, and other installment loans, but credit card debt accounts for the 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 >
The Most Important Step in Gaining Control of Your Personal Finances
Posted on: 09.29.15
The cornerstone of any personal financial profile should be establishing and keeping an emergency reserve. You may have heard it referred to as a cash cushion or a rainy day fund. I cannot stress enough the importance of this one simple concept. If you want the upper hand with regard to your personal finances, having a Read More >
How to Keep More of What You Earn
Posted on: 06.30.15
The greatest impact you can have on your monthly cash flow is to identify any unintended wealth transfers and take steps to minimize or eliminate them. And therein lies the problem. Most people are making unintended wealth transfers unknowingly and unnecessarily. We find that people tend to lose money in the Read More >
What Impact Can Wealth Transfers Have on Your Finances?
Posted on: 06.09.15
In order to understand the impact wealth transfers can have on your current and future financial profile it is necessary to consider your lifetime wealth potential. Your lifetime wealth potential is the total of all the money you will ever earn, plus the interest that money will earn over your lifetime. Let me Read More >