It’s a New Year and the best time to get your house in order by setting some basic family financial plans in motion. If we focus on one task at a time, your family’s financial footing can be established by February. Let’s start with life insurance. Ask yourself 3 questions: […]

There is an integrity and character demonstrated in how you deal with your debts. Some people freely incur debts with no thought on how they’ll be paid. Your money habits (aka credit worthiness) are an indicator of how you deal with debt. Strive to do what’s right in everything you […]

(1) Talk honestly about your household finances (2) Open an investment account (can be set it up as a trust) (3) Get them a passport (4) Start a college fund (5) Start a savings account (6) Get them a library card (7) Check out books on coding or anything involving […]

• Diversify. Invest in stocks from a variety of industries so that when one industry is having trouble, another one will be healthy. • Watch valuations. If you overpay, even the best stock is no winner. • Tune out the noise. Avoid checking prices and news on your stock every […]

The most important financial principle is to spend less than you earn. No matter what else you do, you must do this if you want to achieve financial freedom. One of the easiest ways to achieve this is to automate your savings. The less work you have to do to […]

Set your children off on the right financial path by teaching them these three important ideas. Start young — it’s important to broach the subject of money with kids at a young age. There’s no way to expect a child at any age to understand money unless you talk about […]

Continuing the theme of getting your house in order by focusing on one task at a time, your family’s financial footing can be established before February. Last week we highlighted life insurance. This week let’s consider trusts and wills. Fact is, most Americans don’t have a will, let alone a […]

Debt is a form of the grave. Metaphors often refer to debt as being in a hole. Fellow Copts, let’s apply our anthem to this condition and proclaim that no grave will hold us down. As we draw closer to this season of consumption, please make sure your house is […]

I already know you’re going to go to the mall and when you make your transactions, you’ll be asked whether you want to apply for a store credit card. Store credit cards are essentially useless. Stick with the major cards like MasterCard, American Express and Discover which allow you to […]

Saving money is in. Spending it like you’re not financially literate is out. If you get a tax refund this year and have outstanding debt, any kind of debt, the best use of that money is to pay the debt down or off. Here are some additional ways to use […]