Do You Have a Plan In Place In Case of Death or Disability?
Key takeaways Mortality and morbidity are two intangible, yet very important and unavoidable topics to think about. Addressing these topics requires a discussion about death as well as potential medical and disability issues. Having life insurance, an estate plan, and medical and disability insurance in place will provide relief to those coping with the death […]
Your Money Timeline
Key Takeaways When it comes to investing money, the order in which you invest matters. Before investing in anything, make sure your emergency fund is set up and topped off. It’s important to know what your short, intermediate, and long-term goals are in order to know what assets you should invest in and when.
Insuring Your Future
Key Takeaways A recent study found that 75% of young people, parents with children, don’t have life insurance. Some of the reasons given for not having life insurance were that they don’t like the process, they have a false sense of security, they prioritize paying off student debt, they are saving for a home, or […]
All Together Now – The Wealth Portal
Key Takeaways There are many apps out there that can help you track your finances separately, but it’s cumbersome and time consuming. A wealth portal puts all your finances in one place, providing you with a quick summary that you can easily glance over once a week to ensure nothing is amiss. Using a wealth […]
Save First, Spend Second
Key Takeaways If you want to build wealth successfully, you need to save first and spend second. The rule of thumb when it comes to saving is to save about 15%. If you spend first, you can get used to the niceties in life, and then it can be very hard to have to go […]
Half the Clothes, Twice the Money
Key Takeaways When we get ready for a vacation, we typically pack too many clothes and don’t budget enough money. When we make big purchases, we tend to forget all the associated costs that come with buying the item. If you plan in some extra money beyond the main cost of what you are purchasing, […]
Finding Your CAT
Key Takeaways When we first start off in life, we don’t always have the money right away to pay for financial services. Building yourself a CAT, or Collaborative Advisory Team, can help you get the financial services you need. As your wealth grows, so will your CAT as you continue to add other financial professionals […]
DIY Love Letter
Key Takeaways Over the past decade, there’s been an increase of do-it-yourself will software. There are several reasons you should not do a will yourself, especially as there are some common mistakes when creating a will that can cause your assets to not go where you want them to go. Paying to have a will […]
Replacing Your Life
Key Takeaways Life insurance is important to have if you have dependents and are a high income earner. Term insurance and Cash value insurance are the two types of life insurance. There are different benefits to each type of life insurance, so it’s important to know the advantages and disadvantages of each to determine what […]
Auto Protect your Future
Key Takeaways Insurance is an automatic requirement for financial institutions and regulators, but you must go through the underwriting process to obtain it. There is property insurance that protects our property from unforeseen events, and casualty insurance that protects us from claims brought upon us by others. Choose an umbrella policy to gain overall coverage […]