Delaying even a small task or issue can most times result in a big expensive problem or project. Kicking the can or putting off until later can sometimes result in very expensive lessons. Procrastination costs — big time. We’ve all done it: Put off something until tomorrow that could have […]

Most middle-aged adults and soon-to-be retirees have the same question: How much do I need to retire? We should consider this question at all ages and stages. There are no easy answers, nor is there a one-size-fits-all approach. Since how much you need for retirement is based on your specific […]

Exercise a full understanding of what it means to save money. Most ads boast save money and shop here. That can be an oxymoron. You can save a lot of money by NOT shopping at all. Make sure your purchases are deliberate so that you can avoid spending unwisely. For […]

Consider your relationship with money and how you’ve used it. The point of this introspection is to try and understand your relationship with money and how you use it in your life – understand the areas where you’re weak, the areas where you’re strong, and how you can improve the […]

A Self-Directed IRA is technically not any different than other IRAs (or 401ks). Self-directed IRAs have been around for years, but they’ve been gaining popularity recently among do-it-yourself investors looking to expand beyond stocks, bonds and mutual funds.  A self-directed IRA is not for the passive investor. You must be […]

Continuing the theme of getting your house in order by focusing on one task at a time, your family’s financial planning and overall planning can be established by February. Last week we highlighted trusts and wills. This week let’s consider living wills or advanced directives. A living will is 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 […]

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 […]

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 […]

Be clear about how you think of money and how you spend it. Money doesn’t buy happiness, but it can certainly make you comfortable. Let’s consider the time it takes you to earn money. Let’s say you earn $15 an hour at your job, and you’re considering purchasing a TV […]