Financial Planning
« Previous EntriesSave For One Year, Retire With $1MM
Wednesday, June 18th, 2008Most “retire with one million dollars” articles focus on slow and steady savings over the course of decades. That works of course, and saving regularly is a great habit to get in no matter how much money you have.
But if you’re young enough, with some concerted effort you can save for only [...]
To Save or Not To Save
Monday, March 31st, 2008There is one basic difference between those who save and those who don’t.
We Savers (if you’re reading this you likely fall into that category) spend much of our free time reading and perhaps even writing about finance. We track our spending, set annual goals, and excitedly check our 401k balances periodically to see how [...]
Dang it! My Car Insurance is Going Up
Thursday, January 31st, 2008Remember last summer wehn I wrote about how my insurance agent set me up with a new auto insurance policy and that by doing so, I was going to save $800 per year? If not, you can read about it here. The only difference that I could tell between the new policy and [...]
Solid Advice: ALWAYS Question Commissioned Salesmen!
Monday, December 10th, 2007I remember being told during broker training for PaineWebber (now UBS) that if a prospect asked about fees or commissions that I was to basically show them the door. PaineWebber’s stance was that clients who bickered about fees weren’t going to be good clients. Of course there will always be people who want [...]
The Real Key to Acheiving Your Goals
Thursday, November 29th, 2007It’s easy to turn your dreams into goals on paper, but you’re much more likely to acheive those goals–and be satisfied when you do–if they reflect your true values.
Treating Siblings Equitably: Financial Dilemmas
Saturday, November 17th, 2007How does your family deal with the inevitable inequalities that arise where money is concerned? Most PF blog readers are probably the responsible, capable ones who secretly might resent your under-acheiving, financially-subsidized siblings.
Passive Income is the Key to Freedom–and Retirement
Friday, November 2nd, 2007Passive income is the ultimate source of total financial freedom. You might think of “passive income” as a gimmick, complicated and risky investments, a very sophisticated strategy, or something that isn’t important to you, but you’re probably striving for it whether you realize it or not.
Millionaires Focus on Freedom
Monday, October 29th, 2007Financial planners and “experts” love to look at people as individuals in a vaccuum. “Get educated!” “Save money!” “Start a business!” they preach, as though everyone is perfectly capable of doing such things but are somehow simply choosing not to.
A Look at an Equity-Indexed Annuity
Thursday, September 13th, 2007After writing yesterday’s post on seminars, I decided to build a spreadsheet to analyze an equity-indexed annuity similar to the one my dad told me about. Now, it is important to note that there are LOTS of varaibles involved with annuities (particularly equity-indexed annuities). My illustration assumes something called a one year point-to-point, [...]
God Bless My Insurance Agent!
Friday, July 20th, 2007Our homeowner’s insurance is up for renewal next month. I hadn’t received any notices or anything yet so I decided to call to see what our renewal rate was going to be. I had to leave a message and an hour or so later an agent called me back. She told me [...]
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