Yup, it happens. As much as it sucks, married people occasionally decide that they hate each other. Some people grow apart and others just want to move on to greener pastures. Regardless, going through a divorce can be a stressful experience. And if you’re not careful, your divorce could leave some serious financial consequences in its wake. Here are some savvy tips for those who decide to call it quits: [Read more...]
Many of us have life insurance through our employer or one of the big insurance companies, but how do we know if it’s enough? The answer is complicated but it’s important to think about income protection before it’s too late.
Since most of us love our families, we want them to be financially set for the rest of their lives should something happen. Life insurance enables us to provide for our families no matter what happens. [Read more...]
When you run any type of business, you may need to make the occasional international money transfer. And similarly, there are times as an individual when you need to transfer money abroad. Whether you do this once a year or on a monthly basis, you obviously want to save money, right? [Read more...]
Joe Saul-Sehy was a financial advisor for 16 years. His new website, Stacking Benjamins, launches today. What’s it like to be financial planner for people from diverse walks of life? Our guest blogger shares some “unique” stories…
What did I hate about being a financial advisor? That’s easy: Neurotic clients who knew nothing about the financial world and didn’t want a teacher…they just wanted someone to blame.
My second favorite question? What did you like best? That’s nearly as easy: I loved the diversity of people who walked into my office every day. One hour I’d be sharing my client’s vacation pictures of India or the Canadian Rockies, and an hour later, I’d be hours away from another client’s retirement, reviewing pension documents.
What I didn’t understand initially (but also why I loved the job) was just how absolutely diverse the job would become. Here are five of my favorite examples:
First of all, let’s get this out of the way: she was extremely attractive, even without makeup. [Read more...]
I don’t know if you’ve heard, but the stock market is up. I mean way up. Up to the clouds up. When I looked at the status of my 401(k) last week, I swear I almost pooped…with joy! I believe my exact words were, “Shazam!”
If you are like me, you are probably feeling like a regular Warren Buffet right about now. I mean, how can you help yourself right? You’ve waded through the tough times, and now all of your patience is paying off in spades! Still, we most of us know what is lurking around the corner – and if we don’t we ought to. Whenever we have a buck wild, idiot chasing, uber bullish market, we know that there is a mean old bear lurking right around the corner. Here are a few tips to help you keep your wits and about you and avoid that nasty bear attack. [Read more...]
I don’t try to hide the fact that we used to be pretty sucky with our finances. Although we never let things get too out of hand, I finally accept the fact that we used to waste most of our income. We bought stuff. We went on trips. If we didn’t have the cash, we would finance anything that we desired. Even furniture. And vacuums. I swear.
We also lived without any sort of budget. Unfortunately, this meant spending without limits until the next payday came along. Since we have relatively high incomes, it never seemed like much of a problem. But, we’re not stupid people. I think we knew deep down that we weren’t reaching our potential. We had our heads stuck in the sand and were caught in the typical middle class trap of going to work, buying stuff, then working more to buy more stuff. Luckily, getting pregnant with our second child finally made us snap. The new responsibility made us realize that our future was being squandered on outrageous grocery spending, credit card debt repayment, and a plethora of unnecessary purchases. We knew we had to change.
One of the first steps we made toward financial freedom was to create a zero sum budget. Our new budget was merely the beginning of a series of positive changes that we made. In fact, I’ve come to realize that we made a lot of changes within a short time frame. In addition to drastically cutting our spending, we gradually changed many of our destructive habits as well. And as we all know, changing old habits can be a long and painful process. However, I am convinced that the new habits we adopted completely transformed our financial future. Here are the 5 financial habits that changed our lives: [Read more...]