April 19, 2017
epic financial battle

An Epic Financial Battle! Dave Ramsey vs Robert Kiyosaki!

  An Epic Financial Battle Hey, guys! It’s Justin Goodbread with Financially Simple. I’m in the conference room today and we’re going to have an epic financial battle. Dave Ramsey vs. Robert Kiyosaki. Dave Ramsey is famous for his Financial Peace series and Robert Kiyosaki is known for his book “Rich Dad, Poor Dad.” Which strategy is right for you? Is one right and the other wrong? Not necessarily. They’re just different. Let’s look at the differences in how they approach finances! They have completely opposing views when it comes to some aspects of finances. We’re going to take their top seven strategies and dissect them. How closely should you follow either plan? Will either plan make you rich? What exactly do they offer that you can incorporate into your own financial strategy? Many consider both well known financial “experts” that offer advice to move your finances in the right direction. After we break down both trains of thought, I’ll tell you exactly where I stand when it comes to both of camps. The answer may surprise you! Always remember, no system or financial planning strategy can guarantee future results.  Therefore, no current or prospective client should assume that future performance or any specific […]
October 12, 2016
Debt Reduction

Debt Reduction: Fastest way to get out of debt?

Debt reduction isn’t just something the Federal Government needs to wok on. We all wonder if we’ll ever pay off the debt we amass and if we do how can we do it quickly? If you’re looking for the fastest way to get out of debt too, here’s a short video. Justin Goodbread, CFP®, Financial Advisor and Wealth Manager with HeritageInvestor.com and FinanciallySimple.com offers some tips to simplify the process. Debt Reduction: Fastest way to get out of debt?  
September 28, 2016
Should I pay off my mortgage

Should I pay off my mortgage or invest?

Recently, I was having coffee at Starbucks with a client when I asked him this question, “Should I pay off my mortgage or invest?”  I told him that I personally was struggling with planning in this matter (YES!! Even a planner questions their decisions occasionally!!).  After generically discussing the subject, I decided to research the topic in greater detail to see if I could come up with a definitive answer to the age-old question: Should excess funds within my budget pay off my mortgage or go toward investments? Should I pay off my mortgage or invest? You’ll find an array of answers on this matter from a variety of financial gurus; with some of the top names in the industry disagreeing! Professionals and laypeople alike all weigh in with their opinions. Forbes,  The Fool, and even Clark Howard have all chimed in recently. So is there really a conclusive answer? Here’s what I came up with after much research. I boiled the answer to this conundrum down to two main points.  One is a black and white answer, while the other factors in an emotional connection. Let’s take a look at both to get your answer. Since every situation is different, you […]
August 30, 2016

LIBOR Surge May Rule Out September Fed Rate Hike

WEEKLY UPDATE – August 29, 2016 We are going to discuss LIBOR Surge May Rule Out September Fed Rate Hike in this article. After rallying for weeks, the major indexes fell last week ahead of key remarks by Federal Reserve officials and turbulence in money markets.[1]  For the week, the S&P 500 lost 0.68%, the Dow fell 0.85%, the NASDAQ dropped 0.37%, while the MSCI EAFE gained 0.16%.[2] Even as the Fed has kept interest rates flat, an unexpected surge in short-term interest rates triggered by an industry rule change is potentially doing some of the Fed’s work for it. If you ever tune in to the financial news, you may have heard the term LIBOR (pronounced LIE-bor) mentioned in reference to money markets (what we call the trade of short-term loans between banks and other financial institutions). LIBOR Surge May Rule Out September Fed Rate Hike LIBOR, the London Interbank Offered Rate, is a benchmark used for a vast range of debt, including mortgages and corporate loans. Recently, the three-month LIBOR (the rate charged for lending dollars for three months) has reached multi-year highs (rising more than 30% since this June), tightening credit conditions without any action by the […]