Dec 29, 2021
The Chinese proverb “rags to rags in three generations” says that family wealth does not last for three generations. The first generation makes the money, the second spends it and the third sees none of the wealth.
The Chinese aren’t the only ones who acknowledge this as a problem. In the U.S. it is referenced...
Dec 22, 2021
When I talk about my definition of retirement, I think it sometimes catches people off guard.
In my mind, retirement is not who you are or where you’re at in life, rather it is the transition of your time and money.
In other words, it is a process you go through … not your identity.
The transition for money...
Dec 15, 2021
We all have blinders about various things in our life that leave us blind to things we do not know or understand.
What is a blinder? Well, it could be a bias about something, it could be a protection mechanism to ignore something, it could be immaturity about something or it could simply be ignorance of not knowing any...
Dec 8, 2021
We often hear the mantra that debt is bad. Yet that doesn’t stop the majority of people from assuming they will always have bank payments. For many, using credit to purchase vehicles, take vacations or fund home improvement projects is a normal mindset for making their lifestyle work. They believe borrowing money to...
Dec 1, 2021
Employees love their 401(k)s, but love can be blind. These plans are riddled with traps, restrictions and caveats that are not apparent until you attempt to access your money out of the plan. Retirement savers need to open their eyes to some serious flaws built into these accounts.
A 401(k) is a type of...