The worst is yet to come…
This is the trend when co-signing for someone that otherwise
would not be able to qualify for a loan on their own.
But wait a minute – What if?
There is no if, ands, or buts… Period.
When you Co-sign with another person you are flirting with
dangerous waters. There is no way out once the ink dries
from your signature on the contract.
Now some of you are probably thinking:
Are you having a bad day, Tim?
– I want to help my … Read More
In the theme of back to school season, let’s continue our education
with learning the mistakes people are making with their Money.
Has a friend or relative every asked you the sensitive question?
“Is it possible you can lend me some money?”
Or maybe you have been at a family gathering or party and someone
is talking about the loan they were currently shopping for. You just
downed your second drink and as the alcohol is starting to kick in you say,
“Why don’t you borrow the money from me?”… Read More
Wouldn’t it be nice if we had Warren Buffett’s wealth?
You could easily spend over $100k every day
and not even think twice about it.
I am sure that Buffet controls his spending
and has good accounting principles in place, anyways.
That is why he is one of the richest persons in the world.
But not everyone has money under control.
Recently, in the Michael Jackson wrongful death
case against AEG, it was revealed by a forensic
accountant, William Ackerman, that Michael was
spending several million dollars more than what… Read More
Last week we talked about the ramifications of how
keeping up with the Joneses is costing people a
whole host of problems down the road.
This week, I will discuss the mistakes people are
making with debt and point out some of the danger
signs that show up when you have too much.
Mistake # 3: Taking on Too Much Debt
I found this week’s e-Newsletter a bit of a challenge
to write because society has enrolled everyone in
taking on their share of debt. We are basically
conditioned to … Read More
Mistake # 2: Keeping up with the Joneses
This phrase means striving to have all the new
things that your neighbors have and maintain a
certain social standing.
Here is some history on where this phrase came from:
I looked up the phrase on Wikipedia.org and found that it
became popular when a comic strip of the same name
was created by cartoonist Arthur R. “Pop” Momand.
The strip debuted in 1913, distributed by Associated
By September 1915, a cartoon film of the same name
was touring US cinemas.… Read More
Let me ask you a question…
Let’s say I gave you the 10 most dangerous mistakes
people are making with their money. Would you be
willing to take corrective action to eliminate them
from your life?
Or if you are not currently making these mistakes,
would you like to refresh them to memory and promise
to avoid them like the plague?
Over the next several weeks, I will write on the blog
the mistakes people are making with their money.
What I found works best when I coach clients is … Read More
Congratulations to Phil Mickelson for winning the 2013 Open Championship.
He is a class act showing us what perseverance and beating the odds are
all about. He has been close so many times, failed too much, and lived
through the heartaches, but in the end he took home the ultimate prize
the Claret Jug signifying he is a champion.… Read More
Is it possible to be in control of your money with the
chaotic frenzy that accompanies the demands we face each day?
With trying to make a buck, maintaining your relationships,
managing your household, and driving your kids to the
next soccer practice, who has time to keep track of finances?
Would you believe the Credit Card industry loves our chaotic
lifestyle? They love the way we buy on emotion to medicate that
chaos with purchases that go on the card and then we are so busy,
we are late … Read More
When living a life with Money on your terms,
it is about executing the right steps to take
complete control of your life and money.
This includes having your affairs in order
upon death so you can transfer your estate
easily to loved ones. For this to happen,
you want to have a will, describing in detail
how you would like your stuff to be distributed.
If you die without a will, then the courts
decide who gets your possessions. When there
are young children involved and no will was… Read More
When it comes to investing in the financial markets,
it starts with taking a stance to gain control of your
investment decisions. The financial markets can be
volatile at times. To eliminate some of that volatility,
we look for all-star businesses listed on the stock
exchanges that can show us the money in the
form of continuously producing a dividend.
Everyone remembers Tom Cruise’s character in
the movie Jerry Maguire. Jerry calls one of his
clients, Arizona Cardinals wide receiver
Rod Tidwell (Cuba Gooding, Jr.), who is
unhappy with his … Read More