- Remember that experience is better than lecturing. When your kids are ready to learn about money, start letting them make some financial decisions. It might be as basic as choosing between an ice cream treat and a soda, but let them decide and let them know it’s about deciding what to get, not getting everything they want.
- Start younger than you think you should. Many kids in pre-school can make the ice cream vs soda decision. Elementary school kids can have an allowance that let’s them buy some things that you used to buy for them. In late middle school
Can street smarts, charisma and passion stand in for a business plan? It all depends on who you ask. I recently hosted two panel discussions that focused on women entrepreneurs in the food business. Participating were eight vibrant businesswomen in their 20’s and 30’s. Each had the entrepreneurial bug from an early age, each has boot strapped their business and most had no written business plan before they launched.
Of Passion and Practicality
Molly Fuller …Read More
I have noticed a trend over the last year with people I have spoken to about their financial situation. The common theme I keep hearing is safety and security. Because of this trend, our firm has decided to promote this theme throughout all of the literature we give to prospective and current clients. It is the theme of financial security!
I think people have been very humbled over the last year. A paradigm shift has and is occurring and people want to know that everything is going to be okay. The financial philosophies they used to old true have …Read More
The financial settlement is the major component of many divorces. Making sure that a professional who is an expert in finances is also an expert in divorce is key. A financial professional working on a divorce needs to be familiar with the legal landscape in divorce, tax issues that specifically relate to divorce, and the long term impact of the financial settlement in a divorce.
Three different professions tend to gravitate toward this work.
Investment professionals sometimes do this work as a loss leader to get investment clients after the divorce. Be aware of this, both because of the potential …Read More
If you’re shopping for your own disability coverage (rather than receiving disability insurance as an employer benefit), you’ll encounter a myriad of policy differences. You need to understand one of the most critical elements in any disability insurance policy: the definition of what a “disability” is.
The most desirable definition: Own-occupation Disability
If a policy defines disability as “own-occupation,” this usually means that you’re considered disabled if your condition prevents you from performing the “material and substantial duties” of your own occupation. So if you are working in a job and become unable to do that job, a policy using …