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Table of Contents What is a Letter of Instruction?Let’s Define Letter of InstructionWhere Do I Keep My Letter of Instruction?Summary and Free Template Today I’m sharing what a letter of instruction is and how to quickly create one. In fact, ignoring this simple task could cause major challenges for your heirs when you pass away….
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Table of Contents How Does an Insurance Deductible Work?Insurance Companies Exist to Turn a ProfitHow Basic Math Can Help You Choose an Insurance DeductibleHow to Use Self Insurance to Help With Insurance DeductiblesBuy Insurance Where You Need It Today, I’m going to show you how to save money by not having an insurance policy. This…
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In the world of money management, financial advisors are apt to use all sorts of over-the-top jargon. They could use everyday terms to explain what they mean, but that’s usually boring. I’m going to do something different and tell you that boring money management is usually the best money management. Why? Because you’ll make more…
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Table of Contents What is an Income-Driven Repayment Plan?Max Out Employer-Provided Retirement PlanMax Out a Traditional IRAMax Out a Health Savings AccountGo For the Trifecta to Lower Your Student Loan Payments Student loans got you down? If so, you can get in line with the other 44 million Americans. Fortunately, there are a few strategies…
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For some people, the idea that money = freedom is absurd. Some may even be offended by the concept. That’s because many people see their financial success or failure as part of their character. And when someone isn’t doing well financially, the concept of money equaling freedom can be taken as a personal attack. But the…
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Table of Contents Family Loan or Personal Gift?Is Loaning Money to Friends or Family a Good Way to Make Money?Formalizing a Friend or Family LoanPersonal Loans to Friends or Family is Not a Good Investment Has a friend or family member asked you to borrow money? Maybe they need cash to start a business, want…
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Table of Contents Is There a Secret For Investing Successfully?Stock Market Investing: Active and PassiveSuccessful Active Investing Will Be Truly Hard Work & Require Rare SkillSuccessful Investing Will Test Your PatienceThe Secret to Investing Ah, secrets. One of the most intriguing words in our language. Especially in investing. I mean, if you just knew the secret –…
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The current global pandemic certainly has spun our lives around. I’m taking COVID-19 very seriously, doing my best with social distancing and preventing any potential spread of the disease. But I miss seeing my dad. I do wonder, “would hanging out together be worth the risk?” Even though we’ve been following the guidelines, I know…
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