5 Reasons Your Cash Reserve Isn’t Working
May14

5 Reasons Your Cash Reserve Isn’t Working

All of us know that we’re supposed to have a cash reserve right? There are always going to be emergencies that come along that we didn’t expect, and that’s when our cash reserve is the most important. So, why is it that many of us struggle to even have a comma in our cash reserve? We’ve gone through our whole lives attempting to save, but we don’t even have a thousand bucks in cash. Here are five reasons why your cash reserve might...

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5 Simple Steps to Kick 2013 Into High Gear
Jan02

5 Simple Steps to Kick 2013 Into High Gear

Happy 2013, everyone! It’s time to take yourself a little more seriously and step up your game. My cousin, a year younger than me, had major heart surgery a couple weeks ago and nearly lost his life on the operating table. Not to be all melodramatic, but it was another close-to-home reminder that time is a finite beast. If you’re going to leave your mark on the world (or just on your little private Idaho), 2013 is the time to make...

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Budget Nightmares: What Are You Doing At 2 A.M.?
Dec17

Budget Nightmares: What Are You Doing At 2 A.M.?

When I left The Citadel (go Bulldogs!) to attend Michigan State (go Spartans!), I said goodbye to a lucrative track and cross country scholarship. I felt bad, but the writing was on the proverbial wall. My coach had given me “one more year” to run better at the end of year one, and I promptly pulled a quadricep muscle early into the fall campaign. I’d been a guy they thought was a (quoting the coach), “Diamond in the rough” anyway....

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How Does An Increase In Interest Rates Affect Your Savings?
Oct13

How Does An Increase In Interest Rates Affect Your Savings?

Here’s the billion dollar question: should the fact that interest rates are now low affect the size of your emergency fund? In a word: no. Interest rates shouldn’t be the primary factor driving your decision to fund an emergency reserve. Your primary goal is safety. Like a storm cellar in Kansas, your emergency fund is a way to escape when disaster strikes. That said, when interest rates are low, you might need to grab some...

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Old Savings Bonds Might Be Your Most Valuable Investment
Sep20

Old Savings Bonds Might Be Your Most Valuable Investment

It’s Thursday. I’m grabbin’ some coffee while OG takes the driver’s seat…. Recently, a client emailed me a peculiar list of dollar amounts and dates. Each was followed by a one or two letter symbol. What the heck? Finally the lightbulb went off – this was a list of US Savings Bonds we’d discussed months earlier that she’d “found” in her safety deposit box. Her question: What...

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Don’t Be the Emperor With No Emergency Fund
Aug07

Don’t Be the Emperor With No Emergency Fund

Before we start, minions: Today’s post features a word beginning with “S” AND a reference to horses and pornography. If that bothers you, it might be a good day to check out this website instead. We all know the old story: emperor surrounds himself with yes men. His posse tells him he’s awesome. Some dude comes along to rip him off and tells him that he’s designing clothes only super brilliant people can see. Emperor is shocked...

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