20th March 2006
I am often asked the question; What does bad credit cost me?"
It is a hard question to answer because of the individual's circumstances and the fact that lenders are competing fiercely for customers.
But I will give it my best shot.
Mortgages
...
16th March 2006
About a year or so ago, a major consumer protection magazine reviewed books about personal finance written by the well-known gurus on the subject. The magazine found that the subject of insurance was hardly covered at all.
If you think about it, this i...
15th March 2006
I always believed in the maxim, "diversify your investments". So during our working careers my wife and I used to buy real estate, especially south of the border.
When it came time to retire, we chose to live at least half the year on the shores of Lak...
12th March 2006
Is it hard to get rich? Not really, if you're young.
Its fun to play with financial calculators and see what might happen.
Assume you have just graduated from college, are about 22 years old and I just started your first real job. If you put $100 a...
12th March 2006
What is true wealth? What should you expect if you
reach the end of the gold paved road to financial
freedom?
If you have a million dollars, will you be satisfied?
What about 10 million? Is true wealth a numbers game
or do other factors enter i...
12th March 2006
The road to financial freedom is a lot shorter than
you may think. For those of us who did not start
our lives wealthy because of our family, we only have
46 to 49 years of income producing – more if you want
to work into your "retirement" years.
...
12th March 2006
Many people think they don't need an estate plan.
They relate the term to tax planning and feel that
their estate is not big enough to bother. They
therefore think estate planning has nothing to do
with them.
But estate planning is more than a me...
