Maintaining Your Vehicle
Key Takeaways Most cars come with a basic warranty package, but an extended warranty option costs extra and isn’t necessarily worth the money. The average vehicle’s lifetime is eight years or 150,000 miles and on average, costs $914 to maintain per year. If you pay your car off after five years, and you continue to […]
DIY Love Letter
Key Takeaways Over the past decade, there’s been an increase of do-it-yourself will software. There are several reasons you should not do a will yourself, especially as there are some common mistakes when creating a will that can cause your assets to not go where you want them to go. Paying to have a will […]
Replacing Your Life
Key Takeaways Life insurance is important to have if you have dependents and are a high income earner. Term insurance and Cash value insurance are the two types of life insurance. There are different benefits to each type of life insurance, so it’s important to know the advantages and disadvantages of each to determine what […]
Auto Protect your Future
Key Takeaways Insurance is an automatic requirement for financial institutions and regulators, but you must go through the underwriting process to obtain it. There is property insurance that protects our property from unforeseen events, and casualty insurance that protects us from claims brought upon us by others. Choose an umbrella policy to gain overall coverage […]
Prudent Protection
Key Takeaways Insurance helps reimburse us for the losses we incur over our lifetime. The two kinds of insurance cover us and our property. Life and health insurance covers us, and you can get insurance for any kind of property, for a cost. Choose higher deductibles to keep your insurance premium payments low, if it […]
Healthy Con$equence$
Key Takeaways Medical bills are the number one reason for personal bankruptcy, so take a look at your health insurance options before deciding against coverage. Health insurance helps defray the costs of medical care and is provided through your employer, or bought personally through health care exchanges. Premiums, deductibles, co-pays, and the option for dental […]
Investing in Life
Key Takeaways Investing, like growing up, can be very complex. Factors such as what markets you invest in, your personal goals and risk tolerance, how you diversify and allocate your assets, and who you use to help you invest your money, all make up this complicated system. It’s up to you to determine how you […]
The Dynamic Duo: Risk and Reward
Key Takeaways Risk and reward both clash and work together, and are culturally significant here in the US as American investors tend to embrace more risk than elsewhere. Risk tolerance is how much you are/are not willing to take a risk on an investment, and there are several types or risk markets you can invest […]
The Diversified Investment Palate
Key Takeaways Successful investment management is based on diversification and asset allocation. Diversification means investing in several different areas, and asset allocation is how much in an area you invest in based on several factors specific to you. Time frame is important in investing as you need to be consistent.
Take Stock in Sam, Bond with Mike
Key Takeaways A stock is a share of ownership in a company, whereas a bond is a debt instrument with a set interest rate, time frame, payment intervals and principal payment at the end. Risk and reward are key with stocks and bonds. Stocks are riskier, with the reward greater, as well as the possible […]