Wealth Skills

Money and wellness just don’t seem to go together. Right now we mostly stress over money, and it is almost impossible to think of wellness when we think about money. Other than we desire or hope for financial wellness.

No money gift ideas! Sometimes the gifts that do not involve money are most valuable to those we love.

Recently Yahoo Finance posted an article by Emily Brandon “4 Reasons Your Retirement Is at Risk.”  Based on new analysis from the Center for Retirement Research at Boston College she quotes 4 reasons why Americans will have to significantly cut their expenses when they leave the workforce at age 65–or they will have to delay [...]

We borrow money either to purchase an asset (home, car) or to cover our current spending.
Sometimes an unexpected expense happens and we borrow money to pay for it because we don’t have cash. When we don’t have cash for the unexpected expense it is because we spend all the money we earn on an on-going basis.
Taking on debt to acquire an appreciating asset may result in building wealth. To build wealth by taking on debt it is important consider the following 6 things…

We mostly think we need more money to have what we want in life. While doing that is valid, something else is required to have what you want in life sustainably throughout your life.The foundation for having what you want in life is managing what you have today…the formula is:

Millions of Americans are contemplating leaving their homes, dusting off their hands, and walking away. In many cases, the mortgage balance exceeds the value of the home by nearly 20 percent. Homeowners in this situation may feel that they made a bad decision, the consequences staring them in the face every time they walk into their homes.It is easy to see that this is a lose-lose scenario, and that it creates a ripple effect on our economy that extends beyond home prices. We are accustomed to this. “Let the stupid person pay for their mistake,” we say. “Let the lender take losses.” “They all deserve it.” We could easily make the case that they earned what’s coming to them. And then….