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June 4, 2018
summer job pay taxes

Do I Have to Pay Taxes at a Summer Job? Tax Tips for Teens

It’s great that you are getting a summer job! But when you’re anticipating getting that first paycheck you might be wondering to yourself “do I have to pay taxes at a summer job?” Even a part-timer like you is expected to pay the US Government their due. Yes, life is not always as Financially Simple as we would like. Here is some helpful info to help you deal with taxes at your summer job:
May 3, 2018
Financial Games for Kids

9 Financial Games for Kids That Teach Monetary Principles

It is hard to believe one of the most important aspects pertaining to our kids’ future is often overlooked: learning about finances! Since these life-changing concepts are not adequately covered in schools (in my opinion), that job falls on us parents! One great (and fun) way is by playing financial games for kids. These games will expose them to the rules they will encounter during banking and managing money as they grow up. The best part—when playing these money-related games, they can take financial risks without being penalized. Now a great time to grab one or more of these games and get your kids’ financially simple education started!
October 27, 2017
pay mortgage debt invest

Mortgage Debt: Pay It Off or Invest? Which Should I Do?

The thought of being debt-free sounds like a dream come true for most of us. Many folks are wrapped up in credit card debt, car payments, mortgage payments, etc. However, there’s one debt freeing yourself from could do more harm than good, from a mathematical standpoint. That is your mortgage debt. Honestly, it’s often not a good idea to pay it off or even pay extra on it before age 50.
October 21, 2017
is gold a good investment

Is Gold a Good Investment for Me?

We’ve all heard and seen the “buy gold” advertisements on radio and television. Usually, a paid celebrity will talk about how “bad” the markets can be and then pitch a gold product. The question is, how much attention should we give to these ads? Is gold a good investment? They tell us if the stock market crashes, this is one investment that won’t go belly up. However, gold is always compared to stocks, not fixed incomes like bonds.
July 24, 2017
Calculating liquid net worth in an emergency

Liquid Net Worth – Its Definition and Why it Matters

Finance is a multifaceted subject. It cuts across various aspects of our lives and at certain times knocks the wind right out of us. For instance, today I met with one of our wealth management clients and the topic of liquid net worth came up. Yeah, I know liquid net worth doesn’t garner the attention that net worth alone does. However, both calculations have their place in your finances. You really should know why liquid net worth matters and how to determine yours.
April 20, 2017
retire with 100,000 a year income

Can I Really Retire with $100,000 a Year in Income?

In a recent meeting with some long-term clients, we began updating their comprehensive wealth plan. I vividly remember their specific goal. They wanted to reach retirement with an annual income of $100,000. Years ago when their journey to their financial independence began, this number was out of reach. Today, due to their hard work and persistence, this goal is actually becoming a reality. If you’re asking yourself, “What did they do? Can I retire with $100,000 per year in income?”, then let’s take a look at how you get there.