Teaching children how to handle money responsibly is one of the most important things a parent can do to prepare them for adult life. Helping kids understand the value of money from an early age can provide the perfect platform for financial prudence when adulthood comes around. While everyone’s financial circumstances are different, the theories
When you have a baby, it’s hard to imagine that baby retiring from a 40-year career. But it’ll happen. If you’ve already figured out your retirement plan and have all of your financial ducks in a row, there are ways to start setting up your children for financial independence from the time they’re born that
Insurance isn’t the most thrilling to think about, but it’s necessary for protecting yourself, your family, and your wealth. Accidents, illness, and disasters happen all the time. At worst, events like these can plunge you into deep financial ruin if you don’t have insurance to fall back on. Some insurance policies are unavoidable (think: car
With the summer about halfway over, it’s time to start thinking about going back to school. Even if you think you have a few weeks of summer fun left, the sooner you start gathering the necessities like back to school clothes, the better. This is no different with the traditional back to school clothes. But
At a meeting of financial advisors, I was recently asked, “do you actually think life insurance is an investment?” My inquisitor was making more of a statement than asking a question, so she was surprised by my answer: “I can tell you that life insurance was an investment for me; one that I’m benefiting from
It doesn’t take a scientist to figure out why so many couples are choosing to stop at just one child. Raising children is not only a very expensive proposition these days; it also takes a lot of time and energy. Many parents find that they’d rather focus all of their energy on one child. That