Last college tuition payment. As I clicked the “Pay Now” button, I felt lighter. Our backstory is not unlike a lot of other couples with children our age. We spent our 20’s having children, our 30’s raising them, and our 40’s….well, that decade came way too quickly. And we had not saved a dime for our FOUR (4) children’s higher …
Five Money Mistakes I’ve Made
Part of why I became a financial coach was to help others avoid the many money mistakes I made through the years. There were many more than five, but here are the 5 WORST money mistakes I’ve made (in no particular order): 1. Early withdrawal from a retirement fund AND a pension fund. At one point in our life, we …
The American Nightmare: Student Loans
The American Dream has been defined as “the belief that with hard work and the freedom to pursue your destiny, you can achieve success and provide better opportunities for yourself and your children.” A 2014 USA Today article states that the price tag for the American dream is around $130,000/year. What if we don’t make that sum of money? Many …
Five Financially Savvy Things to Do in Your 20’s
There have been many financially stupid things I did in my 20’s: emptied my retirement account, bought a heating alarm system on credit, bought furniture on credit (both entailed paying WAY TOO MUCH over time for those things). If I could go back in time and talk to my 20-something self, those are some of the things I’d tell me …
The Simple Millionaire Mindset
Recently we’ve encountered a trend among a sizable percentage of clients and non-clients alike. It’s an attitude toward cash inflow that I’ve seen many times before but seems even more prevalent in today’s economy. The Millionaire Mindset is the idea of paying others ahead of yourself, or better put, the “omission” of paying yourself first. You’ve heard us label …
Three Tax Deductions That Are Commonly Missed
Tax season is upon us. Again. And each year we search for tax deductions we might have missed.Here are three commonly missed tax deductions: 1. State Sales Tax – Even if you file on Turbo Tax (TT), this deduction is not one of the first listed. Be aware that you may have to search TT for this deduction which is …