Long term savings is just as important as short-term and mid-term.  The use of this money will be for different purposes, however. Temporary Income Replacement. If you are off with an illness for a significant period of time, you will have to be placed on short-term or long-term disability.  This source of money does not normally cover the full amount of your...

Everyone needs to have access to a supply of money for unexpected emergencies.  This is your short-term savings plan.  But, what about planning for specific financial needs? A mid-term savings strategy can help you get through other events that can crowd you for money. Temporary Income Replacement. Through our employers, most have a health plan.  But, these plans...

The smart money manager has a strategy for saving money that includes multiple options.  The first of these options is a short-term account.  This account is designed specifically for easy access.  That is, you need this money to be available for life’s little emergencies that cannot wait.  You can also call it a ‘rainy day’ fund. How Much? This depends on...

No, this is not going to be a step-by-step walk through the house purchasing process.  Rather, a walk through the basics.  Things you should know and do BEFORE you begin the process.  Because, if you can attack the purchase of the largest financial transaction in your life armed with good information, you are more likely to make a better choice. Where to Begin. It...

The concepts of investing are complicated and frustrating.  It is an activity better left to professionals. Once one has determined that it is not wise to go alone down the path of investing, it becomes patently clear that guidance and direction from a proven veteran in the field is mandatory. That is why you need to attach yourself to one who will give you solid...

Money doesn’t grow on trees, but when managed properly, it can grow nad multiply!  Wouldn’t you like your money to have children… grandchildren… maybe even great grandchildren?  It all comes down to learning the basic principles of saving: a percentage of everything earned is meant for keeps. Most of us manage our money backwards.  We get...