Timeshares, for those who might not know, are a way to own the right to use a vacation resort. It comes in two forms, owning points or owning a specific room in a complex for a specific week. It’s like a partial ownership of a condo at a resort. These units can be traded for … Read more
Often a stay at home mom, like we have in our house, is not thought of as a contributor to wealth. Too often, only the person who “really” works and brings home an income is considered to be generating wealth. This is a case of incorrect thinking. The non-working spouse is a very big factor … Read more
I recently was faced with a decision to sell an income producing commercial building owned in a partnership of 20+ owners. We had not thought about selling the building, but an interested party approached us with a viable offer. We were all suddenly faced with making a decision to sell or keep the investment. We … Read more
A few years ago my son expressed interest in racing bicycles. I thought that would be a great way to spend time with him, and if I was going to be at all the races, I might as well race too. It would also help me take a few unwanted pounds off and get me … Read more
Many doctors don’t want anything to do with investing money. They feel investing is not what they were trained to do and therefore a waste of their valuable time. I think this attitude gets some doctors into trouble. It is true that our time is best spent in our main area of training, but it’s … Read more
Ever since I was a teenager, I was fascinated by finance. I ran my own businesses in my teens; yard care, piano lessons, multi-level marketing, and performed in a rock-n-roll band which I also managed. I have read many books about finance and wealth over the years. When people ask me about my favorite books, … Read more
Have you ever wanted to be your own investment advisor? Have you ever cringed at the fees you are paying for investment advice? Does your investment advisor make more money off your portfolio than you do? Now is your chance to learn what it takes to be your own investment advisor. I have been asked … Read more
Almost everyone is familiar with the story of Ebenezer Scrooge in A Christmas Carol. I was thinking about that this year and thought Charles Dickens could have just as easily written about Ebenezer’s financial situation and had visits from the ghost of finance past (Debt), the ghost of finance present (Budget), and the ghost of … Read more
That is what the White Coat Investor (aka. Dr. Jim Dahle) had to say about my Doctors Guide book series. I was elated to wake up today to find his review of my books in his day before Thanksgiving blog post. We often toil with projects and never have anyone acknowledge the hard work we … Read more
As a personal finance coach, I have learned that the most important aspect to wealth accumulation, is having good money habits. Good habits create good results and good results are what everyone wants. We were not born with any of our habits, we learned them somewhere along the way. That’s good news, because that means … Read more
