How To Calculate How Much Life Insurance You Need

by Monday, September 25, 2017

It’s Life Insurance Awareness Month! I’ll be you weren’t aware of that. It’s ok, neither was I until this morning.   In honor of Life Insurance Awareness Month, I am going to finish off the month talking about…   Yep, you guessed it! Life Insurance!   Common Rule Of Thumb If you’re reading this blog, you probably already understand the value of life insurance. You want your family taken care of if anything happens to you. You already know the why. Your big question is probably more along the lines of how much. How much life insurance do I need? View post

Do You Know How To Use The F Word?

by Monday, September 18, 2017

I mean fiduciary. Why, what were you thinking?   Fiduciary, pronounced fi-DOO-she-air-ee. In the financial services industry, this is a very important word. It describes a kind of relationship. The kind of relationship you want to have with someone giving you financial advice. View post

Did Equifax Put You At Risk? (And What You Can Do About It)

by Monday, September 11, 2017

On September 7, Equifax, one of the three major credit reporting companies, announced that they had been hacked. Sometime between mid-May and July hackers exploited a vulnerability in their website in order to gain the personal information of about 143 million people.   The hackers got people’s names, social security numbers, birth dates, home addresses, and some drivers license information. They also got credit card information for about 209,000 consumers and dispute documents containing personal information for 182,000 people. View post

Are Millennials Really Worse With Money?

by Monday, September 4, 2017

It seems that in the media, Millennials are constantly getting a bad rap. They are lazy, entitled whiners living in their parents’ basements and sipping expensive coffee.   But we all know Millennials who are nothing like that. Like my son’s kindergarten teacher who spends all day shaping the hearts and minds of 20 little high-energy, snotty-nosed humans, then goes home to take care of her baby and husband (all while pregnant).   Sometimes the only way to reconcile our own experiences with what we hear in the media is with cold, hard facts. This is a money blog, so today we’re going to talk about money. Are Millennials really worse with money than everyone else? Or is that just something that old people say to feel better about themselves?   View post

How To Make A Budget That’s A GPS, Not A Jail

by Monday, August 28, 2017

Budget. It’s amazing how one simple word can elicit so many strong feelings. Bondage, boredom, failure. Restrictive, tedious, controlling. A lot of people only have negative connotations when they think of budgeting, because of what they have heard and experienced.   If you think of a budget as an 8 ½ x 11 (or digital) jail cell, I’m sorry. You’ve been mistaught and abused. It’s not supposed to be that way. View post

The Most Under Priced College Credit Out There

by Monday, August 21, 2017

Though it doesn’t feel like it yet, fall is on the way and colleges across the country are getting back into the swing of things. And parents and students alike are writing some of the biggest checks of their lives.   About 10 minutes from my house is WSU Vancouver, where classes start today. Over there, people are shelling out about $500/credit this term.   Would you believe me if I told you that you could earn credit towards their degrees for only $33/credit?   Yep, it’s true. I didn’t attend WSU specifically, but I earned 18 credits that they accept towards their degrees for only $33/credit. I even earned 6 credits for half that, a whopping $17 per credit.   Am I some sort of higher education financial contortionist? Not really, though it sounds cool. Am I blackmailing the dean? Never! (I’m offended that you’d even think such a thing!)   Then how did I accomplish this fiscal ...

What’s The Difference Between A 401(k) And A 403(b)?

by Monday, August 14, 2017

A lot of letters and numbers are often thrown around in reference to retirement plans. What are they and what differences and similarities do they have? View post

How To Teach Your Kids About Money (No Matter Their Age)

by Monday, August 7, 2017

Whether we like it or not, it's the parents' job to teach their kids about money. Here are three things that will work, no matter your kids' age. View post

The Amazing Retirement Account You Didn’t Know You Have

by Monday, July 31, 2017

It can be hard to save for retirement. Especially for pastors who need to because they’ve opted out of Social Security. A lot of big denominations have pensions, but what about independent pastors? Non-denominational pastors usually don’t have workplace retirement plans. That doesn’t leave them with much more than an IRA. Or does it? View post

How To Compete As A First Time Homebuyer

by Monday, July 24, 2017

What can you do to get your offer noticed if you don't have a huge pile of cash? View post