Category - Family Finances

1
Moving from “tax” prep to “life” prep
2
Why you should get to know your insurance agent!
3
Did you know the Serenity Prayer applies to your financial plan?
4
Ten Principles for Teaching Children about Money
5
Ready to invest in real estate? Take a close look at your margins

Moving from “tax” prep to “life” prep

At this time of year, everyone becomes a master at document gathering.  There is a shoe box or a filing system or a folder on your laptop to hold all the tax-related documents which are needed to complete your income tax returns.  It requires a diligent attitude to ensure nothing has been neglected or omitted which is important to the outcome of the bottom line.  Once the taxes have been submitted for the year, there is always a sigh of relief in getting to completion.

Before you pack everything up and put it away for another year, take a step …

Read More

Why you should get to know your insurance agent!

When was the last time you met with your Property & Casualty Insurance agent? Here’s why you should get to know them.

For many of us, our insurance agent is a name on an insurance card, the person we would call if we were ever involved in an accident or if we had a claim to file. The reason we need to get to know our agent is so that they can get to know us and therefore ensure that we are insured appropriately.

I recently spent about an hour in my insurance agent’s office to complete a thorough review …

Read More

Did you know the Serenity Prayer applies to your financial plan?

Many of us are familiar with the Serenity Prayer.  Most individuals understand there are areas of their lives which they can’t control, as well as areas which are entirely within their control.  Thankfully, having the serenity to accept, the courage to change and the wisdom to know the difference might just make the financial journey more enjoyable.

In financial planning, there are aspects which are “known” and entirely in your control.  There are also those things which are “assumed”, that may or may not be in your control and that can lead to an uncertain outcome.    A well-constructed plan dives …

Read More

Ten Principles for Teaching Children about Money

Here are ten principles for teaching children about money:

1. Talk about money.

When money is involved, you have a chance to teach your children the values and analysis behind your actions. Money should not be your only topic of discussion, but talking about it will communicate your wisdom and values to your children. Every purchase, investment, or donation can be a time to teach your children something about your values.

2. Talk openly.

Parents make a mistake when they keep information from their children. Children learn through experience. For example, the experience of what their family earns and what …

Read More

Ready to invest in real estate? Take a close look at your margins

We’ve all heard the mantra: “Location, location, location!” When buying investment property, a great location is often considered the #1 rule for success. But as we’ve all seen in that late night, drag-out game of Monopoly, location certainly isn’t the only factor at play.

A decade ago, we all learned more than we wanted to know about subprime mortgages. People were investing money they didn’t have using loans they should never have been given. The stage was set for the perfect storm. Home prices started falling, refinancing became difficult (especially with historically high debt-income ratios), and those previously attractive adjustable-rate …

Read More

Copyright 2014 FiGuide.com   About Us   Contact Us   Our Advisors       Login