Principles

Chances are, you were affected by Equifax security breach which impacted 143 million Americans, plus some Canadians and Brits with US dealings. The breach reportedly happened on July 29, 2017, although the public was not informed until early September. If you’re not sure what to do about it, or whether you’ve done enough, this article can help…

Investors have short-term memories, which is why so many cling to the stock market, even when it’s on a downward trend, or overdue for a correction. If you have lost confidence in the market, or are simply looking for WHERE you can invest OUTSIDE of the stock market-safely and profitably-you’re not alone. So why do even nervous investors still cling to mutual funds and…

While inheritances are largely thought of in terms of financial legacies, there are many things that we “leave” for our children, including things they may not want! Our financial, emotional, physical, intellectual and spiritual legacy is hopefully a positive one, not one that burdens them. Whether or not you have life insurance, assets, or a…

If you’ve been paying attention, you’ll know that bonds aren’t what they used to be. Values are declining, risk is up, investors are selling, bond funds are underperforming, and municipal bonds are no longer the safe haven they once were. “With the demise of the bond insurance industry in the financial crisis, credit quality in…

Everything in life… has to have balance.” -Donna Karan Have you taken a “30,000 foot view” of your finances lately? Is it positioned for the growth, strength, stability and cash flow you desire? To help you answer that, let’s examine asset allocation and diversification through the lens of Prosperity Economics. First off, let’s define a…

“The human species, according to the best theory I can form of it, is composed of two distinct races, the men who borrow, and the men who lend.” – Charles Lamb It’s one of the oldest, most proven forms of investing; lending capital to another-perhaps someone who can’t get traditional bank financing-in exchange for interest,…

“You should have a strategic asset allocation mix that assumes that you don’t know what the future is going to hold.” -Ray Dalio So you’ve conquered the your local real estate market. You’ve got 6 or 8 rentals, each earning cash flow. Congratulations! Now… what if a natural disaster decimates the area, or if the…

One of the biggest fears people have is running out of money in retirement. And for many Americans, this is a very real risk, not an irrational phobia. If you are a reasonably healthy 65-year-old non-smoker, actuarial tables estimate you’re likely to live to age 86, as a man, and 89, as a woman. And…

The interest rate on an investment or financial product is important, but it’s not the only thing that matters.  It’s one principle of financial strategy among many that should be considered before committing to a financial course of action. There is more to financial strategy than searching for the highest rate of return on a…

What does the principle of certainty mean to you when it comes to your financial strategy and the investments and products you choose to purchase? Are you thinking about whether or not your money will be available when you want to use it 5, 10, 20 years down the road? When you are analyzing whether…

Whole life insurance is a terrible investment… They said with authority. First, whole life insurance isn’t an investment, unless of course you consider it an investment in securing the foundation of the rest of your entire financial strategy. Second, compared to what? That’s a great question to ask whenever somebody makes an assertion about how…

Avoid losses and keep more of your money. What has a greater impact on your ability to build wealth: higher rates of return or reducing costs? While seeking out investments with the highest rates of return seems more exciting than figuring out how to avoid losing what you already have, it is the latter that…