It’s new. It looks exciting. But is it worth it?  Indexed whole life insurance provides life insurance coverage and the potential for accelerated cash value growth through indexed mirroring accounts.   Individuals who are interested in investing may find this type of plan attractive, especially when viewing the non-guaranteed projections for potential growth.  But it’s …

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Nearly seven out of ten people look back at buying their homes and say, “Oops, I wish I hadn’t done that.” Surprising, right? Well, a whopping 68% express regret over their home purchase, mainly because they saw others suffer during the 2008 economic downturn and the following recession, and now they’re like, “Maybe I shouldn’t …

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George Clason, who wrote The Richest Man in Babylon, came up with the 10-20-70 Rule. In his book, he shares a story about an egg merchant who wanted to know the secret of the gold merchant’s success. The gold merchant was happy to share his secret because the egg merchant wasn’t asking for his gold …

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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 …

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In 2004, we bought a house for $304,000 with no down payment and a 30-year mortgage at a 4% annual interest rate. This set our monthly mortgage payments at $1,451.34. You can verify these figures using mortgage calculators like the one available on Dollartimes. Fast forward 16 years, and the value of our house had …

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Table of Contents: A Budget System That Works Use Whole Life Insurance KEY POINTS Warren’s 50/20/30 Rule: Elizabeth Warren proposes allocating 50% of income to essentials, 20% to savings, and 30% for personal wants. This budgeting framework is aimed at balancing financial obligations, savings, and leisure. Practicality Concerns: This article highlights a discrepancy between Warren’s …

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Table of Contents: Understanding Your Financial Position Understanding Your Cash Flow and Foundation for Investing Setting Your Financial Goals Choosing Your Investment Approach Risk Tolerance Investment Accounts Exploring Investment Options Using Life Insurance as a Financial Tool Summary Deciding the most effective way to invest $10,000 isn’t straightforward. If someone offers you a quick, one-size-fits-all …

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Table of Contents: How Does Bank On Yourself Work? Is Bank On Yourself a Scam? What are Some of the Pros of Owning Participating Whole Life Insurance? Are There Any Cons to Owning Participating Whole Life Insurance? There have been various financial strategies over the years, starting with LEAP, followed by Infinite Banking or Becoming …

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Modified whole life insurance is an option that some insurance companies offer to people who want permanent life insurance coverage with a lower premium initially. Let’s go over what this type of policy is, the long-term effects, and another potential option to make the most of your money. Table of Contents: What Is Modified Whole …

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Table of Contents: A Closer Look at Timeshares Exiting a Timeshare What Not To Do Alternatives to Timeshares for Vacation Planning Whole Life Insurance with McFie Insurance You get an email from a big fancy resort offering you a 4-night stay in their best condo for only $200 if you listen to their timeshare pitch. …

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