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.

Filing the insurance claim is a new and very interesting experience for me. It is a learning experience! I have hail damage in my house; the whole roof has to be replaced in addition to some interior repairs. I received a claim check form my homeowner’s insurance and called 4 roofing companies, 3 of them came and gave me estimates. I was surprised that all the estimates came within 5% of each other and fair to the amount of claim check

Am I doing it right? Making a claim on your home insurance policy may not seem to be related to financial wellness. As soon as I saw the check for my claim I discovered it was. Read more…

How do you know if money runs your life? If you exhibit one or more of the following symptoms consider that money is running your life: Regularly procrastinate with paying bills Frequently pay bills late You earn income but feel you need to make more money to survive You frequently go to sleep worrying about [...]

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: