Go from $50,000 in debt to $350,000

Don’t have a budget? Think again… Have you ever taken a step back to look at your bank accounts and realized that you feel stuck? A budget can fix that. Many Americans find themselves stuck with big homes, big, new cars, and big debts. A budget can solve all of these issues. By looking at what you can spend less on, more money can be freed up for paying off debts, saving for the future, and even into accounts that can be used for vacations or other fun things. By following a few simple tactics for budgeting, your life financial life can be turned in the right direction. 08.15.19

Sorry, You are not getting $125 from the Equifax settlement.

Most people remember the 2017 data breach that happened to Equifax – If you don’t, you were probably affected.  Over 147 million people had their information compromised during that breach.  Well, there was a settlement announced last week and there may not be much to get from the settlement.  Equifax was required to pay $700 million in the settlement and each person could have received $125 to do with what they wanted.  Well, if you do the quick math, $700 million divided by 147 million affected people equals about $5 per person, not the $125 stated in the claim.  With the already enormous amounts of claims filed, the recommendation is to take the free credit monitoring service as an alternative.  You will be entitled to 4 years of free credit monitoring and identity protection. 08.02.19



Bitcoin buyers are fooling themselves – again.

We have had several clients ask us our opinion on Bitcoin as an investment and our simple answer is that we don’t encourage it.  That doesn’t mean you can’t make money on an investment like this, it means that we don’t like the fact that you can’t touch the currency and it is all electronic.  In addition, we believe that most people who invest in this type of currency don’t understand what they are investing in.  They are just going along for the ride.  This caused Bitcoins meteoric rise to almost $20,000 for one coin.  An investment that started off in 2012 at less than a penny was soon worth over $20,000 !  It soon came back down to a level around $3,000 but a lot of people lost a lot of money on the way back down.  Recently, Bitcoin has risen again to close to $10,000 and this article says that we are going to see a similar fall in the currency just like we saw when it came down from $20,000.  The article also compares Bitcoin to past bubbles like the Tulip Bulb bubble ad the South Sea Bubble.  We caution anybody who invests in this to be careful and be prepared to lose some or all of your investment. 07.17.19

How to raise frugal kids as you achieve FIRE

The new buzzword in the financial industry is FIRE !  It stands for “financial independence, retire early”.  This article talks about how to achieve FIRE and also how to raise frugal kids.  Teaching children about spending wisely can be very difficult, especially when their friends and classmates have all of the latest gadgets and accessories.  Some parents start talking to their children about responsible spending as early as 4 years old.  This article goes into specifics on how parents are saving money to get to their financial independence and also how children are learning that going to a state college versus an out of state college can be a much wiser choice.  If you have young children, this article is worth a read. 07.14.19



Salesman Dishes on How to Get a Good Deal on a Car

This article takes you inside the mind of a 30 year veteran car salesman and tips on how to get a better deal on a new car.  With the internet providing easy to access information, you should start by doing your homework online and finding the car you are looking for and representative prices for that car.  According to the article, dealers don’t like to be shopped.  Be prepared when buying a new car and do your homework before buying your next car.  06.27.19

How AI is catching People

Artificial intelligence is putting new teeth on the old saw that cheaters never prosper.New companies and new research are applying the cutting edge technology in at least three different ways to combat cheating — on homework, on the job hunt and even on one’s diet.

In California, a new company called Crosschq is using machine learning and data analytics to help employers with the job reference process. The technology is meant to help companies avoid bad hires and compare how job candidates present themselves with how their references see them. 06.10.19

4 Part Time Jobs for Retirees

Most people call it their “encore career”, the job that they take during retirement that will help them earn an extra income as well as possibly being more fulfilling than their working career.  Studies show that nearly half of retirees have worked or plan on working during their retirement years.  So what are these fulfilling jobs – Consultant, interpreter or translator, project manager, bookkeeper and professor.  While these jobs might sound somewhat difficult to find and land, the article goes into specifics on how to find the job and how much income you might expect to make.  If you are looking for your encore career you should read this article to learn more. 06.10.19

4 Gorgeous Beach Towns for under $40K per year

On the beach, and on a budget? That can be a reality for retirees — that is, if they know where to look. The average over-65 household in America drops $49,000 a year on everything from housing to food, according to the Census Bureau. But you don’t have to spend that much and, in fact, can spend far less — and retire to a sunny beach town. (No, really.)

MarketWatch looked at beach towns across America where the overall cost of living was significantly below average, where housing was reasonably priced and where there are plenty of things to see and do. (Though we can’t promise that summers won’t be hot, and your hurricane risk is admittedly elevated.) We found four attractive beach towns where you could spend roughly $40,000 a year and live a decent lifestyle. 06.03.19



Buying a Vacation Home for Retirement

When it comes to retirement,the first thing that comes to mind for a lot of people is buying a vacation home to spend part of your retirement years.  This article goes into detail about some of the things that you need to consider before you buy – after the question of “Can I afford it?’  A couple of the items that most people don’t consider are things like renting out your vacation home and who is going to take care of the property when you are not there?  Will you have a security system installed to protect the property as well as maintaining the normal protections?  Any person considering a retirement vacation home should read this article before it becomes a money pit during their retirement years. 05.29.19

Safest Sunscreens

We decided to get away from all of the financial articles with this one and focus on summer.  Even though the weather has not been the greatest, we still believe summer is around the corner. With that being said, this article talks about the best sunscreen that you can buy for your money.   Believe it or not, there is a non profit environmental research organization that actually tests all of the products and reports back.  Who is the winner?  You will have to read the article to see.   All of these products can be found on Amazon for under $15.  Enjoy and have a great summer! 05.22.19