Finance and Family

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Understanding Your Personal Life Balance Sheet

A personal financial balance sheet shows you a snapshot of your financial health: how much money and assets you have, how much debt and liabilities you have, and what your net worth is when you subtract your liabilities from your assets. Unlike a budget where you track how much money is coming in as income […]
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Simple Questions That Will Transform Your Finances

Making SMART money choices sometimes isn’t the easiest thing to do. Here are some simple questions that will help you make better financial decisions and transform your finances! Looking to Buy Something? Spending less is more important than earning more when it comes to financial independence. Why? Because you may not be able to directly […]
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What are Target-Date Investment Funds?

Target-Date Investment Funds During the past twenty years target-date funds have become more popular with investors. Target-date investment funds also known as life-cycle, retirement, or age-based funds were first introduced in the early 1990s. Mutual funds offered instant diversification by pooling money and investing in the major asset classes (stocks, bonds, alternative investments, cash). This gave […]
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Financial Plan for financial independence

How Much Does It Take For True Financial Independence?

 Becoming a millionaire sounds like a great financial goal! However for wealthy investors, $1 million isn’t enough to be financially independent.  According to a UBS survey investors consider $5 million to be the new benchmark for financial success. They believe once you’re past $5 million, you have reached true financial independence and don’t have to worry about […]
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The Value Of Monthly Budgeting and Why You Need To Do One

A budget is an essential component of one’s finances. A cash flow or financial budget plan can help tell your money what to do instead of asking where your money went. The “B” word unfortunately has some dreadful connotations. You might feel as though a budget will put you in a financial straightjacket or you […]
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Follow These Five Simple Investment Principles for Success!

Since being involved in the finance industry for almost 20 years now, I have learned quite a bit through the highs and lows of the market. First and foremost, everyone in the finance industry is selling something. It is either a product, service, advice, ideas, or anything that would separate your money from you. That’s […]
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Top Financial Mistakes Spouses Make

  Managing finances by yourself can be tough. Add on a spouse and kids, and it can make managing finances even more difficult. Surveys show that money difficulties are one of the top reasons for divorces and relationship problems. Here are the top financial mistakes a spouse can make: * Letting one spouse or partner manage […]
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