Diamond Jewelry Valued For More Than the 4 C’s

People are flocking to jewelry stores around the country to buy that special someone something that sparkles. So what makes one diamond more valuable than another? Ask any diamond and jewelry professional, and they will tell you the factors that influence the value of diamonds are much more complicated than the commonly referred to 4 c’s: Clarity, Color, Cut, and Carat Weight. But, the 4 c’s are really just the beginning of the factors that make up the value of a diamond. I call the remaining considerations ‘Characteristics,’ making a fifth c if you will. Characteristics include any properties that may affect the overall value of the stone, such as the construction of the diamond, the nature of imperfections, as well as natural or man made characteristics. Proper Ratio of Depth and Table Percentages – Depth and table percentages will affect the value of a diamond because they are an indication of a well-proportioned stone. If a depth percentage is too big ...

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Why Wouldn’t Student Loans Be Forgiven?

Last week I was invited on to NBC 11 Alive news in Atlanta to discuss this recent article (http://cnb.cx/1ubs042) that shared a study where it was discovered that 24% of all Millennials expect that their student loans will ultimately be forgiven.   That’s a downright scary statistic.  One in four of the kids who are borrowing money to pay for their current college education expect that they won’t have to repay the very debt that they borrow.   How can this be?  Isn’t this generation the most educated of all time?   What is going on in America?   Here is my smart money moves take on the details and where this is headed. First things first, I’m not really sure at all why we are surprised by this sentiment.   Back in the real estate crash of 2007 & 2008, how many people simply handed over the keys to their properties, walked away from their homes, and came out unscathed by never fulfilling their ...

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Til Debt Do You Part

My team is extremely fortunate to get to work with so many successful Gen X’ers. Many of them have done phenomenally well in their careers, and then begin considering marriage at a much later stage in life toward their late 30’s to early 40’s. This often brings up the question when we do financial planning with them about whether or not it is a good idea to get a prenuptial agreement. There are pros and cons to getting this type of agreement, but the one important item many couples do not remember to put in these agreements when they execute them is what will happen with the DEBT. Most couples remember to talk about the bank accounts, the retirement accounts, the family inheritances, the real estate, and the closely held businesses. However, most people assume that all prenuptial agreements are only dealing with people who have significant wealth. What happens when a couple gets married and you still have outstanding ...

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Three Financial Moves To Make When You Get Promoted

There are few things in life that deserve a glass of champagne more than a well-earned promotion.  After years of blood, sweat, and tears, your company has finally recognized your efforts and decided to move you into a more meaningful role within your company.  Sometimes, only title are associated with these promotions, but more often than not there will be financial rewards as well.   This is exactly your time to fall into the lifestyle inflation trap and make some really smart financial moves that will pay dividends down the road. The Pay Raise– Generally, a new promotion will also mean more responsibility which often equals more pay.  If your salary jumps by $10,000 or even $50,000 dollars this will mean a significant bump in your cash flow for your family.   What should you do with this money?  Is it best to add to your 401(k)?  Start paying down the mortgage?  Or time to purchase that new vacation home?   With pay ...

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5 Gifts You Didn’t Know About For The Holidays

One of the reasons I love having clients is that I get to meet all kinds of different business owners. There are those that have been entrepreneurs for their whole lives and others who woke up one day with a dream of creating a product that could change the face of an industry. Now that it is holiday time, I thought I would share with you some stocking stuffers and other gift ideas that you won’t see on mainstream lists and items that will leave your family quizzing you on how exactly you found that item. Just say you heard about it on YourSmartMoneyMoves and enjoy these five gift ideas for the holidays. Pet Applause (http://etsy.me/1A1klG2)- Cindy Patrick has come up with a truly genius idea in the card and memory book business for pets. Aren’t you sick and tired of the same old thank you cards? If you are a pet lover, you will love her ‘Thank You Furry ...

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What To Buy and Not to Buy On Black Friday

Now that I gave you my five smart money moves on how not to get ripped of on Black Friday, let’s talk about some specific items that should be on your naughty and nice list. With so many deals being fired off at you through email, it can be difficult to know where the best place to spend your time should be over this holiday weekend. Should you get out now on Thanksgiving when the deals start flying off the shelf? Is it best to go on Black Friday? Or perhaps you should wait until Cyber Monday and just sit in the comfort of your home striking deals on the computer. Here are five items to buy and five items to avoid during Black Friday weekend. WHAT TO BUY (these are all true if you can actually get in to score the Black Friday ad deal!!!!) Asus Intel Laptop @ Staples– How could anything be better than a $100 laptop? You ...

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Gift Happiness Is About Expectations Met Or Unmet

The holiday season will be upon us soon and what could be better than having your parents give you a large gift of cash, real estate, or stock? Now think about wrestling with unwrapping the emotional paper that will come along with this gift for the rest of your life. I have shared with people that happiness in life is largely dictated by expectations either met or unmet. When a parent gives a large gift to their children or grandchildren, there is often no discussion around the expectations that come along with the gift. (i.e.what type of wedding you need to have, what type of house you must buy, where your children must attend college) Consequently, most parents believe they have the right to start telling their children what to do with the money, and most kids feel obligated to listen to their parent’s advice part in fear of disappointing their parents or even worse worrying about never getting a ...

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Don’t Get Ripped Off On Black Friday

After the turkey, the football, and the one awkward conversation with your cousin that happened to get stuck at the card table with you at the end of the big Thanksgiving table, comes the second holiday during Thanksgiving week called Black Friday.  The day’s name originated in Philadelphia where it originally was used to describe the heavy and disruptive pedestrian and vehicle traffic which would occur on the day after Thanksgiving. Use of the term began by 1966 and began to see broader use outside Philadelphia around 1975. Later an alternative explanation began to be offered: that “Black Friday” indicates the period during which retailers are turning a profit, or “in the black.” (source: Wikipedia) People often ask me if Black Friday really offers good deals.    I have always responded with the answer, “It depends”.   The reason is that if you aren’t careful with your shopping you could end up paying the same prices you would have paid for merchandise ...

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Don’t Invest In The Dreams of Someone Else

As we age in our financial lives, each of us has had that pit in our stomach feeling of a major financial mistake we wish we had never made. For some people, there will be no recovery from these mistakes while others still have the opportunity to make up for lost time. Although I’ve been fortunate to have very few blemishes in my own personal financial life, the financial move I would welcome doing over again would be to invest in a friends dream with the hope of getting some return on my money. Unless you are a really savvy and experienced investor, I am not a big fan of investing money in a business of a friend unless you are going to be an owner operator yourself. The majority of the time it will take you three times as long to get your money back if you are lucky enough to get it back at all. Almost 15 years ...

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Obamacare: Open Enrollment What You Need To Know

It may be open enrollment season for many of you at work, but for millions of Americans it will be the official open enrollment for Obamacare coming up this Saturday.  Amidst the unknown of the upcoming Supreme Court case regarding federal subsidies, there is a plethora of information to digest for those of you who are considering the federal marketplace for your health insurance.  Here are my five smart money moves Q & A to help you get an initial start to understanding the open enrollment period beginning this week. Get Obamacare Help Here > Question 1:  When does open enrollment start/end and how many people are expected to sign up this year? Starts November 15, 2014 and ends February 15, 2015. You must apply by December 15th if you want your coverage to begin January 1st There are no other enrollment periods unless you qualify for a special enrollment for life events such as marriage, divorce, birth of new ...

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