Money: 4 rules of thumb

How much should I save for retirement? How much house can I afford? How much should I save for emergencies? These are important questions to consider for your financial future. Here’s a breakdown of the money rules of thumb that should help shape your financial plan. Retirement savings Rule of thumb: at least 10% of …

5 Steps to protect your money in a digital world

Cybercrime is on the rise. Criminals are going after financial institutions because that’s where all the money is. In 2017, breaches and fraud incidents, both online and offline, increased more than 130% year over year. Many experts believe there are only two types of financial institutions with regards to digital security – those that have …

How to get rich AND go broke

The Sound Financial House is built on a foundation of sensibly handled cash flows. “Sensibly” is a good word because a lot of it is common sense. For example, here is how you get rich: earn more money than you spend. Common sense! Unfortunately, though, it isn’t always easy to do what “common sense” dictates. …

Your financial focus: saving, NOT spending

When it comes to finances, the questions clients ask usually are along the lines of “can I afford this?” or “should I buy that?” Those seem innocent enough, but then it occurred to me that the focus with money is almost always on acquisitions and affordability – NOT the big picture. There are far more …

Introducing the Sound Financial House

Keeping your “financial house” in order is a complicated, time-consuming and a life-long project. There are a lot of risks and opportunities to consider, and many find the challenge overwhelming. Am I on the right track? What am I forgetting? Am I truly succeeding? The stakes are high – your family’s quality of life now, …

Avoid extreme saving, why you want a balanced plan

Have you known people to live on the edge of financial extremes? A recent college grad paid off $150,000 in student loan debt within the first three years working by never eating out, no vacations and living in his parent’s basement. A happily married couple retired before the age of 40 by going vegan, composting …

College savings plan: Pay you first

Student loan debt crossed the trillion-dollar mark in 2014, becoming the second largest sector of household debt behind mortgages. Two-thirds of college graduates leave school with student loan debt. Parents want their children to enjoy a lifestyle greater than their own, so what can you do to make sure that happens? One answer may surprise …

Financial unrest – don’t throw away your plan

Before writing this article, I searched financial unrest to see what was written on this topic and nothing even closely related to this serious financial condition came up. It seems that somehow no one talks about this and it is one of the most dangerous financial times any of us will ever experience. There are …

The pros to reviewing your finances early

As we approach the 2017 holidays this upcoming season it is time to reflect on your financial year as well looking into your financial future for 2018. By starting the conversation off with how well you performed this year so we can get a better understanding on what needs to happen for your finances in …

Money lessons that are important to pass along

The journey our children go through in life from a baby to their toddler years, to a teenager, to their eager years of adulthood can happen so quickly or it can feel like eternity. Throughout life you will teach your children many lessons that will help shape them while creating memories that will last a …