by Michael | Family, Financial Planning, Life, Planning
I received a call one morning from a college friend who asked if we could have lunch that day. I could tell from his voice that something was troubling him.
We met for lunch and after ordering our food, I asked what was going on that he needed to meet so suddenly. His answer is a common problem that nearly everyone experiences.
“I am having dinner with my parents tonight and I want to talk to my parents about their money, but I don’t know how to ask them.”
Thankfully there is a great way to open that conversation today thanks to the Queen of Motown Aretha Franklin dying without a will.
Approach your parents with “When I heard about Aretha Franklin, I wondered whether you had a will and that led to other questions running through my head.”
Five Money Conversations Every Family Needs to Have
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by Michael | Credit, Finances, Financial Planning, Life, Planning
Lifestyle Inflation is the greatest inhibitor to creating wealth. Last week, I discussed how debt is the biggest lifestyle mistake. Today, we are going to talk about how lifestyle inflation creeps into our decisions without our knowledge.
Two of the major purchases that we make in our life is the purchase of a home and a purchase of a car. Our credit score and our debt to income ratio are critical in getting the best interest rate for our purchase.
Additionally, there is the decision when making those purchases of how long will I make payments? It seems simple, yet the longer the payment the more you are paying someone else and making them rich. Take a moment and go back to last week’s blog and see the example of how to cut down the interest you are paying someone else.
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by Michael | Finances, Financial Planning, Life, Planning
Yesterday we said goodbye to “The Bandit” – Burt Reynolds. In 1977 together with Sally Field, Jackie Gleason, Jerry Reed, and his dog Fred they provided us with laughter as we watched the Bandit, Frog and the Snowman outwit Sheriff Justice T Buford and his “handsome but slow-witted son” Junior.
Trucking was an integral part of the ongoing US recovery from the 1973-1975 recession.
The longest and deepest economic recession since the end of World War II began in the late fall of 1973 and hit bottom in midwinter 1975. Since then the economy has grown vigorously: by the end of last year, production had increased at least 16 percent, and more than 7.7 million workers had found new jobs – Thomas M. Supel Senior Economist Research Department Federal Reserve Bank of Minneapolis
Forty-one years later in 2018, our economy continues growing yet many Americans are living from paycheck to paycheck.
How many?
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