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Millennial Parents Face Economic Hardships

Young Invincibles report the plight of Millennial parents

I just finished reading a report from Young Invincibles describing the financial hardship facing Millennial parents.  The economic tsunami of lower income coupled with the higher costs of raising a child and being saddled by student debt is taking a toll on this generation of future leaders.  My heart goes out to this group as they attempt […]

Munny Journey Money Mountain

Free Baby Shower Gift: Munny Mountain Chart

You can download a free copy of the Munny Mountain Chart; a cute idea that serves a dual purpose.  First, it can be used to measure the height of your child as they grow. Not only that, it can measure and chart your child’s investment success. Munny Journey teaches the principle of compound interest at […]

Financial Mistakes Made in Your 20s

The Most Common Money Mistakes of Your 20s

The biggest mistake any investor – including someone in their 20’s – makes is not understanding the multiplying effect of compound interest. Time is the key component of growing wealth. Let’s look at some simple math: 270, 114, 48, 20, 40, and 3. At birth your multiplier is 270. If some invested $1,000 dollars and […]

Do you have a Financial Roadmap?

Not having a financial roadmap is as silly as not getting an annual physical.  Most people spend more time planning a vacation. Having a financial plan is a keystone habit. The information makes one conscious of where they are, what they need to do, and how to get there. The younger you start the easier […]

Learn to Manage Money

A New Way to Manage Money

The biggest key to manage money successfully is to make money systematic.  First, I have always lived on only 90 percent of my income. I took the difference and invested those assets for long-term growth. Once in that account they never came out no matter how hard times were. Second, we also maxed out our retirement […]

Financial Lone Wolf

Lone Wolf

  Instant gratification is the enemy of financial security. If you plan ahead (if you budget), you can buy whatever you want. Just don’t sacrifice the future for the present. One must act like a lone wolf to bust beyond the cyclone of instant gratification.

Common Misconceptions About Money

Volatility = Risky. Capitalism is creative destruction subject to business cycles. This process forces change and change over time creates winners and losers.  The average person fights or ignores change until it impacts their life. Only then does the average person react. The wealthy embrace investments and systems that maintain and create wealth.  The wealthy […]

What’s so good about a budget?

Budgets are like diets… they sound great but very few people follow them. What everyone needs is an automatic savings plan.  Payroll driven savings are the best! 401(k)s and simple IRAs invest money pre-tax. Once enrolled most people adjust their spending habits around their net paycheck. The next best choice is an automatic savings plan […]

How to pick a Mutual Fund

Picking a mutual fund could seem complicated because there are many to choose from, but let’s make things simple. At the 30,000 foot level, funds divide into growth funds that invest in stocks and bond funds that invest corporate and/or government bonds. Over long periods of time, stock funds provide higher rates of return in […]