A recent CNN story reported that 42% of people learned their financial smarts from their parents. That means over half of those surveyed felt they received the majority of their financial education from outside of their home. If people aren’t learning from their parents, it begs the question: Where are people learning about money? It’s […]
Archives for October 2011
Why I Have Life Insurance And Why You Probably Should Too
We’ve all probably heard the stories trotted out there by life insurance salesmen, the ones where the otherwise healthy 30-year-old father of 3 gets hit by a bus on his way to work, only to leave his family in the lurch because they had no life insurance. Or the older man who has no insurance […]
Do You Really NEED it? Or Just Want It?
Do We Really Need That? A while back my wife and I were talking about how we needed to get a new TV in our bedroom. It was 2009, and with the digital switchover happening that year, we had two options to consider. First we could buy a digital to analog converter box for about […]
Three Ways To Curb Consumerism In Your Children This Christmas
For the past ten years in a row, Gallup polls have shown that Americans spend over $600 each on Christmas presents every year. Studies have shown that it takes months for most families to recover from the holidays after financing most of their spending with credit cards. Unfortunately, our overspending has been filtered down to […]
Why Doesn’t the 80% Rule Offer Enough Money To Retire?
One of the most popular rules of retirement is that you’ll need about 75 – 80% of your income prior to retirement, an average of 80%, to maintain your lifestyle in retirement. Perhaps this is true for some people. For most new retirees, however, following this rule is not going to give them enough money […]
