Fixing your relationship with money
Sometimes families or marriages need and seek counseling. Have you considered that you might need FINANCIAL counseling? Do you need to fix your relationship with money? Your financial relationship is so hard-wired that, whether you experience a major setback or a huge windfall, ultimately you will find yourself back where […]
Something To Think About
Something to think about. If a church or temple has been renting for ten to twenty years, just say the church is paying $1,000.00 a month. Let’s do the math. $1,000 x 12 = $12,000.00 per year. $12,000,00 x 10 $120,000,00 and $ 12,000.00 x 20 =$240,000.00. We all have […]
Setting Goals
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 […]
Debt As A Devil
As Copts, we don’t subscribe to or have a doctrine surrounding a devil. However, if there be such a creature or idea, consider debt as your devil and don’t allow the devil to linger around you. Develop your financial plan and start your journey toward being devil-free. One approach worth […]
Stocks In Place of Traditional Gifts
Instead of buying toys and products for your children, consider purchasing stock. Mattel (MAT) stock is trading at $26.25 Hasbro (HAS) stock is trading at $68.37 Sony (SNE) stock is trading at $24.34 Think and do activities that demonstrate your freedom. This has been our money kingdom financial perspective. May […]
Credit Cards | Soft and Hard Inquiries
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 […]
Pay Yourself First. Always.
This week’s MKFP is inspired by the Black Hedge Fund Group. Nearly half of all Americans say they cannot afford an unexpected $400 expense and nearly half of all Americans say $400 is too much if they had to come up with that amount in an unexpected emergency. 47% of […]
Trusts and Wills
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 […]
Wills and Trusts
They’re not just for the old. Think about and make a plan for yourself. A will is basically a simple document stating what you want to happen to your worldly property in the event of your passing. After you pass away, the will is used in public court in a […]
Financial Portfolios
What is a financial portfolio? In simple terms, the word portfolio is used to describe a collection of things. It can be art, stocks, bonds, real estate properties, or precious metals. Our job is to build an investment portfolio that meets our needs, fits our situations and consists of assets […]