Five Things You Need To Know Before You Buy Your Next Airline Ticket

There are certain purchases in our lives that always seem to be nerve-racking.  Buying a home, buying a car, and how about pressing that button to officially purchase an airline ticket.  While you are truly excited about that skiing trip in Vail or your next worldwide adventure starting in Amsterdam, you might just be concerned about whether or not you got ripped off on the airfare.  Sometimes, it may feel like the airfare websites are tracking your IP address just jacking up the prices until they squeeze you in or out of buying that ticket. So, here’s the insider’s guide to five things you should know before you purchase that next ticket. Non-Stop Is Cheaper Than A Connector Flight – Actually, here’s an interesting tip. Sometimes, booking two one-way flights might be cheaper than booking the round trip, and that is where I recommend you start the search. What airlines care about most is that their flights are full. Look ...

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Rent or Buy, Which is Better?

In my 16 years as a financial planner, I have been asked this question many times. For decades our society has told us that renting is just throwing your money away and that buying a house is a good investment. Even the government tries to influence our behavior with offering a tax deduction on the mortgage interest. We have to start realizing that your house is not an investment. Investments should be able to feed you income; and as I always say ‘You can’t eat your house’. So which is it, Rent or Buy? Let’s compare some facts. First with renting you don’t have maintenance costs, mortgage interest, property taxes and renter’s insurance is dramatically less expensive than homeowner’s insurance. If you average $1000/month in rent over 30 years, that’s a total of $360,000. Throw in another $15/mo for renter’s insurance and the total spent to rent for 30 years is $365,400. Now if you were to buy, say a ...

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You Lost $24 Billion In 16 Days Mr. Government?

According to the USA Today (10/18/2013), the 16 day Government shutdown cost the economy jobs, delayed mortgages, and lost retail sales.  The numbers aren’t fully in yet, but it is purported to be at least 12 billion dollars and possibly as much as 24 billion dollars for the stalemate that took place in Washington, D.C. over the past several weeks. As a 22 year veteran financial advisor, you don’t advise someone to take out a Target store card right after they have maxed out their Sears and Nordstrom store cards.   We all know that piling up lots and lots of credit card debt is simply an unsustainable way to manage a financial budget.  What we all don’t know today is when the balloon will burst. It’s not a smart money move to lose 12 billion, let alone 24 billion, but I’ve come up with my list of things that we could have done with 24 billion. We could have handed ...

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