DO NOT DONATE YOUR HARD EARBED MONEY FROM YOUR RETIREMENT ACCOUNTS TO COLLEGES TO PAY FOR YOUR KIDS EDUCATION!

Years ago, due to a layoff, my friend faced the dilemma of cashing in his 401-K Plan for his kids education or letting them take college loans. Today this is a common dilemma many parents face. Seventy five percent of parents report a willingness to delay retirement to help their kids get through college. It is expected by 2024, ~25% of those 65 and older will ...

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DO YOU LOVE YOUR ADULT KIDS? IF YES – HELP THEM TO A STRONG FINANCIAL START IN LIFE!

My Dad and Mom, helped prepare me to become successful. As a father, I have that same responsibility to help my daughter succeed. I constantly read how the majority of Americans live check to check. I have been laid off too many times to live check-to-check! My parents taught me the value of budgeting, living beneath my means, growing my emergency savings, etc and I survived ...

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YOU HAVE TWO CHOICES –YOUR COMMITMENT TO A GOOD LIFE OR FEAR. PICK!

I fear failure and have sometimes avoided risk and MY OWN DREAMS. Imagine all the great things that would NOT have happened in the world if so many denied their dreams due to fear. Some of you have expressed your fears in starting to invest. People find change to be difficult and that makes us hesitate to take actions to reduce debt, build emergency savings, fund 401-K plans and ...

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DO YOU NEED A WILL? READ AND FIND OUT?

Photo by Melinda Gimpel on Unsplash Many of you may have heard Aretha Franklin, left an ~$80 million estate and DID NOT leave a will. You also may recall Prince, died without a will, leaving behind a ~$200 million estate. And both of these singers’ estates will continue to earn royalty income for decades. It’s up to the court’s to decide who gets what. In reality ~55% of people WHO ...

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EASY LIFE HACK FOR REMARKABLE RESULTS (INCREASE YOUR EARNINGS BY A FACTOR OF 10!)

Did you write your 2018 goals down? Can you find them? Some of you are thinking what’s the big deal! Let’s look at a small case study to see why it is a BIG deal. “Mark McCormack the author of "What they don't teach you at Harvard Business School" conducted a study on Harvard Business School MBA program, 1979 batch. The students were asked a simple question ...

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QUESTION AND ANSWER: DO YOU RECOMMEND HAVING MINIMUM OF 20% DOWN PAYMENT (AND AVOIDING PMI PAYMENTS) PRIOR TO BUYING A HOME?

Recently, a reader asked the above very good question. I am providing a brief summary response and then more details. SUMMARY RESPONSE {DETAILS BELOW} The key decision point is NOT how much you put down. The best and safest move is to put 20% or more down if you can afford the TOTAL HOMEOWNERSHIP COST, discussed in detail below. Paying 20% or more as a down payment avoids paying Private Mortgage ...

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