General

Many parents hope to offer a financial headstart to their children and even sometimes their grandchildren. From college savings to personal inheritances, parents often strive to establish generational wealth. However, generational wealth isn’t just about leaving an inheritance—it’s about leaving a legacy.  Effective financial planning is crucial to establishing generational wealth. Money is an important …

Continue reading “Generational Wealth Strategies: Setting Up a Trust Fund”

There are two kinds of debt, good debt and bad debt. Good debt is debt that gives you a financial advantage; tax benefits, better cash flow and the ability to take advantage of opportunity. Bad debt is debt that costs you opportunity, causes stressful cash flow issues and cripples you financially. In this episode we …

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The savings rate in the US has been going up a bit recently but it’s still lower than what it should be. Generally speaking, people aren’t saving enough money to have financial peace of mind. But, when someone does save money there are a host of decisions to be made on how to keep that …

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Time is something we all are bestowed with, yet everybody uses their time differently.  How time is used is the price one pays for time. Research out of Stanford shows that the average cost for “one quality-adjusted life year” for a dialysis patient is $129,000 which the dialysis patient pays 2 years of their time …

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The economy is down, businesses are closed and people are left unemployed as the quarantine lockdown continues. Will the economy ever recover? Today on Wealth Talks, economist George Gilder joins Tom and John to talk about the economy, wealth and poverty. George Gilder has written many renown books on the economy, including Wealth and Poverty, …

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When should I purchase my next Life Insurance Policy? Large Participating Whole Life Insurance policies are great tools to have working for you. But only if the premiums are comfortable and affordable to you. Something else to keep in mind are the IRS rules which regulate how much money you can put into a policy …

Continue reading “Should I own multiple policies or just one big policy?”