Search Filter:

Clear Search

Senator and presidential candidate Elizabeth Warren made the 50/20/30 budget plan popular in her book “All Your Worth”.[i]  In her book Warren outlines that you should spend 50% of your income to pay for things you absolutely need.  This includes: Housing costs Transportation costs Groceries, Clothing, and Utilities Insurance premiums Minimum debt payments on credit …

Read More...

Many budget systems give you a good feeling as you start, but cannot produce the sustainable results you need to build real prosperity. As an example take Senator & Presidential candidate Elizabeth Warren’s book which recommends a 50-20-30 budget system. This budget system reminds you of a typical government budget when you realize that only …

Read More...

How the 10-20-70 Budget System works and how to track it

Read More...

Budgeting EP.87

Type: podcasts

This week on Wealth Talks Tom and John talk about the keys to a successful budget. Listen to this episode and discover how a percent based budget can provide you more freedom and scalability than a traditional flatline budget based on fixed expenses. Transcript: Tom: Welcome to Wealth Talks where we talk about solutions, money …

Read More...

What is a Roth IRA A Roth IRA is an account which accepts non-tax-deductible contributions and allows tax-free growth for the entire life of the plan. Roth IRAs were born in 1997 through the Taxpayer Relief Act. The bill was co-sponsored by Senator William Roth of Delaware and Senator Bob Packwood of Oregon. They designed …

Read More...

Procrastination is a killer!  It kills time, it kills ideas, it kills progress, and it kills opportunity.  In short procrastination kills the future. Interestingly, procrastination is not something that is easily identified, especially by those who are involved in it.  But the consequences of procrastination are similar to the consequences of losing something of value.  …

Read More...

What are you worth?

Type: podcasts

What are you really worth? Americans used to save over 14% of what they made, but now Americans are hardly saving at all. Many people don’t feel they are worth anything, and hence they don’t save anything. This is tragic! How much should you save? Some say you should have enough saved to live on …

Read More...

When there are changes in the housing market, everyone seems to be talking about buying or selling houses. If you’ve thought about buying a house, it’s important to do the right research, because this is one of the biggest financial decisions you will make.  A house is the place where you and your family will …

Read More...

As the word “term” implies, Term Life Insurance provides coverage for a certain term, or period of time.  Like automobile insurance, home owner’s insurance or health insurance, premiums for Term Life Insurance coverage have to be renewed periodically, or the coverage will expire. Therefore, Term Insurance contracts are not classified as permanent insurance. It is …

Read More...

There are many retirement calculators that will tell you how much you need to have in order to retire. But there are no calculators that can guarantee how much money you will need in retirement.  That is because the calculators used in typical financial planning are based on some interesting assumptions.  For example, The 70% …

Read More...
3 Pages | 28 Results