Opportunity Cost
At what price do you do the things you do? Could you be engaged in something that is better paying, more fulfilling, or more rewarding? What is your opportunity cost?
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What are Personal Finance Standards?
Most of us in my generation weren’t exposed to personal finance classes in school. Parents were expected to handle that part of our education, just as they had to handle the sex education. It’s...
Teaching Self-Sufficiency is Harder than Helping
Tying your 4 year old’s shoe is easier than teaching her how and listening to her cry with frustration each time she struggles with the task. But, do you want to be tying her...
The Downside of Wealth
You think “If I just had more money, everything would be OK”. Past a certain point, however, more money can be more trouble than fun. Being wealthy is not for the feint of heart....
Keeping the Extended Family Connected
How is it that some families manage to hang together – for several generations – when others fly apart as soon as the kids are grown? Is there a special ingredient, some magic that...
Family Culture Factors Affecting Long Term Wealth
Family culture encompasses your family’s history, traditions, values, views, habits, goals, communication methods, and experiences. Your culture can affect whether or not future generations will have access to the wealth you are now building...
Executor Timeline
Your loved one has died and you are responsible for settling the deceased’s estate. There is nothing easy about that. You are responsible for making sure that your loved ones affairs are handled appropriately...
Review of: Family Fortunes
Family fortunes: How to Build Family Wealth and Hold on to It for 100 Years by Bill and Will Bonner copyright 2012, published by John Wiley and Sons Inc, Hoboken, New Jersey Summary:...
How to Teach Your Kid About the Stock Market
In November, I gave some picks for all of you on the best buys for teaching children about money. Since I had already used the ideas I gave you, I had to come up...
Avoiding the High Cost of Senior Divorces
Many things change as we mature, including our relationships. You and your spouse may have shared years together, raising family, building your nest egg, and sharing experiences – some good, some bad. You have...
