As parents, we spend time helping our kids develop skills to build healthy relationships with friends and family. We also need to help them build a healthy relationship with money. Parents can help kids develop core beliefs about money. It is these core beliefs that drive financial behaviors. Core beliefs include saving money, spending money …
Annual tuition for a 4-year public college costs around $10,000 on average. For private colleges, tuition is around $33,000. The cost of college goes up to 7-8% per year. This does not include other expenses such as books and dorms. It’s no wonder paying for college remains one of the top concerns for parents. A …
One of the challenges of putting our financial goals into practice is that we not are motivated to stick with strategy over a long time. We can break down long term financial goals into annual or monthly goals but we have a hard time following through. Life gets in the way of things, and we …
At the beginning of every year, financial firms and financial experts come out with their year-end targets for the major indices. It’s an annual ritual that has gone on for decades. The experts’ predictions have been wildly wrong but that has not stopped them. Major financial publications and TV networks continue to give publicity to …
When Investing, Ignore The Experts’ Market Predictions Read More »
Dividend investing is a passive income strategy. It’s more passive than owning rental real estate. In fact, if you choose the right company, it’s not impossible to get a 6-10% dividend increase every year. Needless to say, it’s very difficult to get that kind of pay increase every year with a job. Most employees get …
The end of the year is a good time to take stock of your finances – the things you were able to accomplish during the year and to identify the things that need improvement to reach financial freedom. Here ‘s a list of steps you can take to get your financial house in order for …
Only 40% of Americans are able to cover an unexpected expense of $1000 according to a Bankrate poll. When an unexpected expense occurs, a majority of Americans put it on a credit card or apply for a loan. Nearly three in 10 Americans have no emergency fund. For even those who have an emergency fund, …
Lessons From The The Bamboo Tree If you plant a bamboo tree and nurture it with good soil, water and sunshine, after the first year you will see no visible growth. Nothing in the second year. Nothing in the third year or the fourth year. Then in year five, the bamboo tree grows up to …
The Importance of Long Term Focus In Building Wealth Read More »
The median price of a new car purchased in the US is around $37,000 and has been creeping up at about a 2% rate every year. A strong economy and job market, and low-interest rates have no doubt contributed to the strong demand. Experts recommend buying a car that costs 1/10th of your gross income. …
Dividend investing is a strategy that gives you a truly passive income. You buy a stock, and if you choose prudently, you can enjoy a passive dividend income stream for decades. Not everyone’s personality is suitable for managing a rental property or dealing with tenants. If you invest in dividend-paying stocks for the long term, …
