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*Financial Awakenings

Financial Life Planning: A Job, a Career, or a Calling?

Is the work you do to make a living a job, a career, or a calling? Recognizing the difference can pay you great dividends in many ways. A job is a paid position of regular employment that puts bread on the table but doesn’t necessarily provide a lot of satisfaction or...

Why Inheriting the Family Home Can Be a Bad Idea

For many of us, our home is more than just a piece of property. It holds deep memories and emotional meaning, especially if we raised our families there. For this reason, estate planning discussions often include leaving the family home to the kids. This can be a way...

Why Don’t People Relocate for Lower Cost of Living?

A survey done earlier this year by Forbes Advisor found—drum roll—that people who live in states with a lower cost of living are able to save more than those who live in more expensive places. Make that an eye roll rather than a drum roll. While I love research that...

Feelings about Student Loan Forgiveness are Complicated

I appear monthly on South Dakota Public Broadcasting’s “In The Moment” program, hosted by Lori Walsh. In a recent segment, she asked me to address the emotions around student loan forgiveness, especially for those who had no debt or did not qualify for such programs....

Why We Put Off Planning for Long Term Care

An essential component of planning for retirement and old age is building financial resources to pay for long-term care. Yet having enough money is not automatically a guarantee of getting the best care you need when you need it. The biggest problem is availability....

Seller Financing: A Real Estate Option From The Past May Be Back

Today’s rising real estate prices and interest rates have sparked memories for me of the 1980s, when I made my living as a real estate broker. Those were the days of 12% mortgages, which put home ownership out of the reach of many. Seller financing, where the seller...