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Want To Get Wealthy? Try A Budget Cleanse!

There is so much discussion out there on the internet about picking stocks, bonds, exchange traded funds, and mutual funds.   It’s dizzying to sort through the thousands of articles to really ascertain whether indexing is better than active or value is better than growth.  When you think about building wealth, the discussion centers primarily around ‘asset management’, and which assets categories to own to grow your overall net worth.   However, being an expert in the X and Y generation, the next 20 years of financial planning should be much more centered about your ‘cash flow management’ rather than your ‘asset management’. Since we have moved to a society where largely all transactions move through some sort of electronic currency.  For most of you that means debit or credit cards, although we know that many forms of mobile financial technology are developing to easily allow two entities or people to transfer cash to one another.   Rarely do people write checks today ...

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Why Do College Education Costs Defy Gravity?

In the homes of parents today in their 40’s and 50’s, the debate about how to pay for the rising cost of college has become the topic of conversation.  It isn’t just the fact that while the Government says inflation remains really low, most parents are experiencing that cash flow management is becoming more of a problem than asset management.   So, why do college education costs continue to defy gravity in this low inflation environment. More Non-Teaching Jobs – Higher education payrolls have also been rapidly adding more non-teaching jobs in recent years. Public and private colleges and universities expanded their payrolls by 28 percent between 2000 and 2012, more than 50 percent faster than the previous decade, according to an analysis of higher education staffing by the Delta Cost Project. There are more student programs offered on big campuses, continuing to increase the necessity of these non-teaching positions. Competition For Talent – Ultimately, price is dictated by the law ...

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