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Review Category : Featured Articles

Green Eggs and Van

When my son was a small child, he loved when I would read him Dr. Seuss books.  Stories like ‘Oh the Things you can Think’, or ‘To think I saw it on Mulberry Street’ were some of his favorites.   Maybe it was the funny stories.  Or maybe it was the made-up words.  But he kept asking me to read them again and again.  What he did not realize was that he was learning some important lessons about money, math and being an entrepreneur from the books.  Here are a few of the Dr Seuss lessons that I love. ‘Horton Hears a Who’ has great lessons for business owners, who can find it a challenge to delegate work.  Entrepreneurs realize that there are no small rolls in a company.  And successful companies need good leadership and management. “A person’s a person, no matter how small”.  My favorite point in the book is where the smallest suggestion can be transformed into something ...

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Do this with your 401(k) as the market tanks

There’s one market correlation you can count on: When the markets plummet, calls to 401(k) plan providers go up. If you’re like a lot of people, you’re also reaching for the phone — or just looking for reassurance that your nest egg will still be OK. Read full article here: https://www.cnbc.com/2019/08/05/what-experts-say-you-should-do-with-your-401k-as-the-market-tanks.html ...

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What Insurance Moves Do I Make With Hurricane Florence?

With another major hurricane hitting the east cost over the past week, torrential downpour and flooding, and more than 1,000,000 without power, the questions will be coming soon on what to do insurance wise regarding hurricane Florence.  When any of our homes have floods, it can be difficult to know where to begin no matter what the size of your home.  However, make the wrong financial moves could penalize you severely and limit your ability to get back money that can help you get back on your feet.  Here are four insurance moves to make right now from hurricane Florence. Read Your Homeowner’s Policy – This sounds like such a simple thing, but I’m never surprised about what people learn when they finally read the insurance policy that they have bought and owned for years. You would think that hurricane Harvey and Irma that devastates several parts of the United States would have made people wiser, but it isn’t really ...

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Why This Tech Bubble Isn’t Like The Last Tech Bubble

It has been 18 years since the ‘dot-com’ bubble happened in 2000, and many people are wondering when Ctrl + Alt + Delete button might get clicked again in their portfolio.  As the NASDAQ gently clipped the 8,000 mark this past week, there have been many articles discussing that equities are ending their run especially in the arena of technology.   However, today’s technology run is far different than that of 20 years ago when the NASDAQ traded at triple-digit P/E ratios and anything with a dot-com after it and a pulse would have significant valuation in the marketplace. Here were the top 10 holdings back in 2000 in the NASDAQ Today, the top 10 holdings in NASDAQ include the following: Apple, Amazon, Microsoft, Google, Facebook, Cisco, Intel, Comcast, PepsiCo, and Netflix. So, why is this tech bubble so much different than the tech bubble from almost 20 years ago? Dividends – Companies have lots of choices on what to do ...

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Five Important Money Questions To Ask Your Parents

Almost ten years ago, I wrote an original article about important money questions to ask your parents.  As family units become more complex and brothers and sisters get stretched out across America, there are crucial money questions you want to ask your parents to make sure that their overall financial affairs are in order.   There is never a great time to have this conversation, but in light of the recent death of Aretha Franklin and her not having a will it could present the opportunity to open the door to these money questions. You might want to open this conversation by saying, “Mom (and/or) Dad, when the news came up about Aretha Franklin not having a will, it made me wonder whether you had all put a will together and some other questions started running through my mind.”  This is a great jar opener to the five important money questions. Do You Have A Will? The funny thing is that ...

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The New Way To Pay For College Debt

If there isn’t enough pressure for kids to get into college today, the pressure is mounting on the pressure for kids to pay off their college debt.  With student debt obligations now surpassing credit card obligations with more than 1.4 trillion dollars in outstanding debt, the question is looming about when this bubble is going to burst.  Millions of students are in default of their loans and the reality of this amounting hill of debt is limiting the new generations from buying homes and starting families. With all of this mounting concern, colleges may have found a new way to help students deal with the rising cost of college. It’s called the Income Sharing Arrangement, and it appears that venture debt has just hit the world of college education. Here’s a little big of background on the ISA, and even large schools like Purdue University have the Back A Boiler program where they say “It’s not a loan. You’re not ...

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Great 2018 Back To School Money Moves

For most people in Atlanta, it is back to school time this week for your children. For many of you across the country, it’s only a month to Labor Day and then everyone will be in full speed back to the grind.  As the dog days of summer approach us and with school back in session, here are five great back to school money tips you should review today! 1) There are alternatives to student loans for college – With student loans at an all-time high and many students having to stay in state because of the rising cost of college, will there be alternatives on how to deal with this menacing situation of paying for college?  Over the past year, several large schools have started to offer a new program where instead of taking out debt, the student offers a percentage of their future income back to college in a unique structure that is different than traditional student debt. ...

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Bad Credit Card Moves To Make

When the Dodd-Frank Wall Street Reform and Consumer Protection Act was put into place, credit card holders were supposed to benefit from the new regulation.    Consumers would receive new notifications for rate fee increases, statements would inform consumers on how long it would take to pay off balances, and credit issuers were required to mail bills at least 21 days before the due date.     Now that some time has passed since the Dodd-Frank Act, consumers are still struggling with all time high levels of credit card debt and the fine print coming from credit card companies are smaller than ever.   Here are five things you should keep an eye on so you don’t get stung by the credit card companies.   Late Fees – Late fees are a big source of ways that credit card companies earn money. Since many of us pay our bills through automatic payment, you should make sure you pay your credit card bill a few ...

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How To Settle Your Money Arguments At Home

Many families worry about their financial plan and whether or not they will run out of money.  Some families are living paycheck to paycheck and trying to figure out a better way to budget their monthly dollars.  However, money arguments are one of the leading causes about why couples ultimately split up.  According to the Institute for Divorce Financial Analysis, 22% of all divorces are caused by money issues.  So, how do you stop those money arguments at home? #1 The Dreaded Spender Saver Couple It is important to try to understand your spouse’s money personality as we all have a unique way we think about money shaped often by how we were raised as a child.   The most critical item for a couple where you have one person who is very frugal and the other who can often be frivolous is to set concrete unified family financial goals.  This means really sitting down and figuring out the financial priorities ...

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