How Do I Calculate My Net Worth? And why it might be more important than what you are earning A net worth statement is one of three statements that are critical to understanding your financial situation. A cash flow statement which is used to help with the timing of income and paying bills on time. […]
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Is Your Alimony Ending Soon?
Is Your Alimony Ending Soon? In the past, alimony was received for a lifetime. Now, in most states, there is no longer permanent alimony. The amount of time an ex-spouse receives alimony is frequently based upon the number of years of the marriage. In some cases, alimony may last only for a few years. The […]
Read MoreBook Review: “The Most Important Thing Illuminated” by Howard Marks
The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor by Howard Marks I was hoping to find a book this past month that could help improve my decision-making process when selecting investments. Howard Marks, co-founder of Oaktree Capital Management, delivered with his 2011 book for the “thoughtful investor.” In 20 succinct chapters, Marks […]
Read More5 Steps to Help Stop Living Paycheck to Paycheck
Are you among the growing trend of households who are high-income earners but are living paycheck to paycheck? It is likely you have little or no savings, except for your retirement account. However, if you had a minor emergency, you would not have any extra funds to pay for it. You may be wondering what […]
Read More4 Common Budgeting Mistakes
Budgeting. A dreaded word and something we should be doing in order to get our finances under control. With countless online tools, apps, books, and blogs on the subject, you would think it would be easy to do. However, many people fail at budgeting. There are few common budgeting mistakes. In this article, we will […]
Read MoreBook Review: “The Millionaire Next Door” by Thomas J. Stanley & William D. Danko
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy (Revised 2010) by Thomas J. Stanley, William D. Danko We often think of the millionaire lifestyle the way media portrays it – opulent homes, luxury vehicles, lavish spending sprees on consumer goods. What The Millionaire Next Door depicts is a strikingly different situation. Most millionaires […]
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