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Apr
08

Financial Literacy #3: Becoming Debt Free

Debt-free man with lots of cash

Your biggest wealth building tool is your income. If your debt payments leave you with nothing left over at the end of the month, it’s time to get serious about paying off your debt.

Start with a financial inventory of your current assets (savings and retirement accounts, business accounts, home equity) and liabilities (credit cards, student loans, mortgage payments, car payments).

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Jul
05

Getting a Grip on Your Credit & Financial Health

checking-credit-score

Credit is an arbitrary idea that affects us all and has a huge impact on our overall financial life. According to the US Debt Clock, the average personal debt per citizen in the US is $56,322. Whether you have good credit or are struggling to take control of your credit, here are some tips to help you navigate this difficult concept.

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Jan
03

The Role of Bonds

The Role of Bonds
Bond prices go down when rates go up, and rates are beginning to do just that. Preceding the current environment, we had nearly 30 years of declining interest rates and about 8 years of nearly zero rates. U.S. equities are up, and we are all holding our breath in anticipation of the all-time high 20,000 mark on the DOW so why would someone want to buy bonds? The purpose of bonds in a portfolio is not to generate massive returns.Bonds are an agent of protection against the most dreaded market risk – a crash in equities.In 2008, the last time the markets crashed a allocation that included bonds could have achieved a positive return while at that time stocks were losing 37%, meaning bonds were outperforming stocks. This is not to say that we are going to have a market downturn however, over time, investors holding bonds in their portfolio often experience a less bumpy market ride and fewer losses during downturns. In the bond markets, it's possible that the decades-long bull market—which ...
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