Should Parents Pay For Their Kid’s College?

Do you believe parents should pay for their kid's college?  A lot of parents believe that they should.  There are also a lot of parents that believe if their kid goes to college they are on their own to pay for it.  Let's first look at who I think shouldn't. If you are in Financial …

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Highlights from Warren Buffet’s Annual Letter

Each year, we all (or at least I) eagerly anticipate Warren Buffet's Annual Letter to Shareholders. It's such an awesome read in so many ways! Not only does it give a great summary of what happened over the past year at Berkshire but it also provides amazing financial advice, a good read on the economy …

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Are You Frugal or Stingy?

Are you frugal or are you stingy?   Frugal - sparing or economical with regard to money or food. Stingy -unwilling to give or spend; ungenerous.   When you read these definitions, where you do you feel you fit?  Are you making prudent, economical decisions about your spending and generosity?  Or, are you holding on to …

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Flip Houses for Quick, Free, Easy, Guaranteed Profit

Buy it with $0 of your own money!  Easy money!  It's just like HGTV!  No money needed!  Profits are guaranteed! If the first few lines appeal to you, close this now.  There is no free lunch in the world of long term, sustainable real estate investing.  You can go to endless "free" seminars where you …

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Calculate Your Net Worth Quarterly

I believe you should calculate your personal net worth quarterly.  When you calculate your net worth, you are acknowledging where you are financially.  When you re-calculate it, you are coming face-to-face with how you are doing in improving your finances. As you begin to track your net worth over time you will realize how you …

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Focus on Your Balance Sheet

Visit the full post to hear the Podcast! You will more often hear people talk about how much money they make (aka, their income) than you will hear those same people talk about their net worth.  These are very different things.  You should focus on your personal net worth versus how much money you bring …

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Case Study: One Person’s Financial Journey

Visit the full post to hear the Podcast! Let's together run through a scenario to see how we can take someone through the Financial Stages.  We'll call her Jane.  Let's assume I met with Jane because she was feeling like she just can't get ahead with Denver's high cost of living.  She is 30 years …

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Financial Stage 4: Overflowing

Are you in Financial 4: Overflowing? You are in Financial Stage 4, Overflowing, once you have paid off all of your debts, you are on track to reach all of your investing goals, you are increasing your net worth regularly, and you are giving generously.  This is the stage where you really make a huge …

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