My dad died on January 1, 2016. And Mom lost the income that came from his pension.  She also lost her Social Security but was able to continue receiving Dad’s. Even so, $1,100 and some odd change each month isn’t enough to live on.  And that is why as a married woman, you need to …

Continue reading “Why Life Insurance is So Important for Married Women”

In front of me is an Index Universal Life Insurance (IUL) illustration.  A prospect emailed it to us because his agent had promised he could receive $31,000 a year in retirement income annually for the rest of his life if he would pay a total of $183,000 in premium over the next twenty years. Here …

Continue reading “Universal Life Insurance is a Risky Purchase… just look at the Market Correction this Month!”

Over $5,700 per household, that’s the new average for credit card debt in this country.  And the average rate of interest being charged for that credit card debt is now 17.14%!  But credit card debt doesn’t even cast a shadow compared to student loan debt.  Debt incurred for an education has now surmounted to $1.5 …

Continue reading “Interest You Earn Is Weightier Than Interest You Save”

George Clason, the author of The Richest Man in Babylon, is responsible for the 10-20-70 Rule.  He tells the tale of the egg merchant going to the gold merchant to find out how the gold merchant got his gold. The gold merchant, delighted that the egg merchant wasn’t asking him for his gold, gladly told …

Continue reading “How You can Increase Your Free Cash Flow using the 10-20-70 Rule”

Wealth resides, not in ownership, but in contentment.  In other words, don’t allow what you do not have to destroy the wealth that you already possess. If you accomplish this, you will experience the wealth that only comes with contentment. Yet, even when you find contentment there should remain within you a certain level of …

Continue reading “Lasting Wealth”

Imagine you are earning a 5% rate of return on an investment where you contribute $1,000 a month over a thirty-year period of time.  After you pay your 0.5% management fee you’ve lost 9.02% of your earnings even though you only paid 5.63% of your earnings towards the management fee.  If your management fee was …

Continue reading “Ignore Most Financial Advice and You’ll Keep More Money”

The Federal Reserve is at it again.  Raising interest rates, as if they have some crystal ball that tells them what only God could know, what is a fair and authentic interest rate. Here’s the crux of the matter.  The U.S. monetary system depends on deposits, loans, and interest to fuel it.  If the Fed …

Continue reading “Your Retirement Plan Is Getting Shoved Around again, but here is How You Can Prevent It”

Things can get spooky in life…and not just on Halloween. Both Michele and I were raised in Oregon.  Five of our children were born in Oregon. We have extended family that live in Oregon.  So, why did we choose to leave Oregon and move to Nevada? Oregon has become the second most expensive state in …

Continue reading “Your Financial Security and Sustainability Depend Upon This!”

It’s no secret that your odds of becoming part of the wealthiest 1% in the world is reasonably achievable, as one in nine Americans accomplishes that every year.[i]   However, you have less than a 2% chance of remaining in that top 1% tier for more than 5 years and less than a 1% chance of …

Continue reading “Your # 1 Threat to Building Sustainable Wealth”

The biggest financial fear many people have is that they will run out of money.[i] Not only are returns shabby, at best, but human lifespan has gradually been rising. This is not a good recipe for being able to retire care free on the money you’ve put away during your career. But even with what …

Continue reading “Annual Returns… The Trickiest Illusion of All”