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Student loan debt in America today has surpassed 1.5 trillion dollars[i]!  That seems pretty bad, but most people are not able to reasonably visualize how much money 1.5 trillion dollars actually is. This inability is totally excusable since there is only one public company on planet earth that is valued at more than one trillion …

Continue reading “The Real Cost Of College”

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That’s right, “68% regret that purchase”[i] and report that watching others suffer the devastation that occurred in the 2008 downturn and following recession was the reason why they wish they had never purchased their home. In a Bank of the West study, “Paying off debt and having the financial means to retire comfortably”[ii] were the …

Continue reading “Nearly 70% of Home Owners Regret Buying Their House!”

Pension plans have for the most part disappeared unless you work for the government.  And defined contribution plans (401ks) have and continue to fail in bridging the income gap which independent retirement accounts (IRAs) and social security were supposed to fill.  That being said, those aware of smart money management principles often encourage their clients …

Continue reading “How to Purchase More Money for Your Retirement”

Samuel Johnson the English Poet and Moralist realized that “Small debts are like small shot; they are rattling on every side, and can scarcely be escaped without a wound; great debts are like a cannon, of loud noise but of little danger.” This reminds me of the little boy who discovered the small hole in …

Continue reading “Here’s what Rex Tillerson is doing with his money”

Wow! $42.3 Billion, according to Bankrate; that is what 3 banks, JPMorgan, Bank of America and Wells Fargo, collected in fees during one year, $6 billion of those fees coming solely from ATM and overdraft fees alone.[i]  Of course, these are the same banks that we taxpayers bailed out in October of 2008 to the …

Continue reading “$42,300,000,000 in Fees”

Less than 2 out of 5 Americans have enough money saved to afford an unexpected $1,000 expense. Such an expense would force 1 out of 5 to charge such an unexpected expense on a credit card, leaving the rest to either scrounge it off a friend, family member or take out a personal loan.  Interestingly …

Continue reading “The $1000 Dilemma”

Ken Fisher, Founder of Fisher Investments, wrote in USA Today on June 24, 2018, “You shouldn’t worry about Social Security running out of money because in the past this same fear has “prompted politicians to act and put in simple fixes.”[i]  Then he goes on to explain that raising taxes, or the minimum retirement age …

Continue reading “The Social Security Myth”

When purchasing participating whole life insurance, many want to see the premium “disappear” as soon as possible. And if you have a limited source of funding to pay the premiums with, like an inheritance, a bonus, the sale of personal property, a settlement, or lottery winnings, it might make sense to have the premium “disappear” …

Continue reading “Why You Want to Pay Your Premiums as Long as You Can”

 Five-hundred and 2 days ago, from the time of writing this blog, a new president of the United States has “slashed regulations that strangle the economy by nearly $2 trillion a year.”[i]  Which has increased the wealth of U.S. households $7.1 trillion![ii] This, all in spite of what the Economic Policy Institute or the Brookings …

Continue reading “How to Benefit from Less Regulation (Both Now and In Your Retirement)”