12 steps to take in honor of Financial Wellness month

I just heard this past week that January was Financial Wellness month. That’s not surprising since this is the month of New Year’s Resolutions. While January may be nearly over, this is still a good time to consider your overall financial well-being. Dust off the budget Are you doing a regular monthly budget that is […]

Redefining what constitutes safe investments

In 2013, we finished a banner year for the stock market. I remember just 3 or 4 years ago though it would have been difficult to convince anyone that the stock market would ever make money again. In the investing lesson of Financial Peace University, Dave Ramsey talks about getting a 12% return. I remember that […]

Don’t let the nightly news make your investment decisions

This past year has been a terrific year for the stock market. The S&P 500 is currently up almost 23% this year alone. And yet even in the midst of a seemingly good market, there are still plenty of naysayers who will tell you how we are dangling on the precipice of another collapse. Be […]

What if i am too old to save for retirement?

There are many examples that point out the benefits of starting young when it comes to investing. I recently heard that if you saved just 3 dollars a day starting at age 25, assuming traditional market returns, you’d be a millionaire by the time you reach retirement age. Time is the great enabler when it […]

5 ways to fail at investing and what you can do to avoid them

Investing doesn’t have to be difficult. In fact, history has proven that while there are certainly ups and downs, over a period of years investing in the stock market is one of the best ways to build wealth. But if that’s true, why do many people fail? Here are 5 landmines that can wreck your […]

How should I best spend my pay raise?

Most companies have some kind of annual merit raise process or a contractual environment where every so often you get a bump in your pay. The question is, what do you do with this new-found money? The company that I work for has an annual merit raise process and I was fortunate to receive a […]

Does the recent stock market high mean we are headed for a big correction?

I have led several classes through Dave Ramsey’s Financial Peace University over the last few years. One of the lessons that has always drawn some skepticism from a few is the lesson on investing. In that lesson Dave talks about getting 12% on your investments. Particularly as the sting of 2008 was still very fresh […]

Should I ever pass on my company’s 401K match?

Our parents and grandparents lived in a world where it was typical to work for a company for 30 years or more and then retire with a gold watch and a comfortable pension. Unfortunately, those days are almost gone as many companies have either done away with pensions or are in the process of doing […]

Financial lessons we can learn from the Super Bowl Champions, Part 1

If you live in America, unless you live under a rock, you are probably well aware the Super Bowl was played this past weekend. Early reports say a record 114 million people watched Baltimore defeat San Francisco in Super Bowl XLVII.  Both teams have had great years obviously. There are some key financial lessons though […]