Two Dimensions of Building Wealth
Building wealth is more than just investing right.
Personal
Discipline and Savings; a Perfect Match!
The savings rate in this country is dismal. The most recent number (July 2018) reported by Trading Economics was 6.7%. Personal savings rate is defined as “the ratio of personal income saved to personal net disposable income during a certain period of time.” That means that the average income earner only saves $6.70 out of …
Buyer Beware…
A few months back while listening to the radio, I heard a ‘Cash Call’ advertisement touting the advantages of taking out a home equity loan and using the proceeds for things like paying off high credit card debt, remodeling a kitchen, or investing ‘on the dip’ in Bitcoin. Yes, you read that last one right. …
Things you and your kids aren’t learning in school
As children grow into young adults and become personally responsible for managing their own finances, have you ever thought to yourself why the subject of ‘personal finance’ is not required coursework in school? Why are we expected to have the basic knowledge on taxes, money management, insurance needs, estate planning, retirement accounts, and credit, if …
Things you and your kids aren’t learning in school Read More »