Someone recently asked me to share my number-one financial tip that would make the greatest impact on a person’s financial well-being. For someone who can speak for hours on the topic, that’s a daunting task. I wanted to quote the late Dick Wagner’s advice to “Spend less, save more, and don’t do anything stupid,” but […]
Tag Archives | money management
Some financial advice just doesn’t grow old. Many recommendations I’ve made for years are as applicable as ever for the 21st century, and they bear repeating. Here are some of the best financial moves to consider as you move into 2016:
Here’s a quick quiz on money and marriage. Which of the following engaged couples needs a prenuptial agreement about finances? A. He’s a wealthy celebrity with several previous marriages; she’s decades younger with no wealth to speak of. B. Both are in their 50’s, with successful careers, substantial net worth, and adult children from previous […]
Many parents don’t talk to their kids about money. As a financial planner, I’m an exception to that norm. My kids would be quick to tell you I talk to them about money a lot. Here are a few of the things I want my kids to know about money.
“It’s not just shopping, it’s retail therapy.” As a bumper sticker or a joke between friends, this may be amusing. For those who shop to relieve stress, it’s not nearly so funny. Medicating or soothing painful feelings with money is no healthier a behavior than medicating with alcohol or food. When stressed or in difficult […]