The illustration below shows how we all want our finances to go, smoothly all the way until we reach our financial goals. However, “life” happens and then we have the picture below it with all kinds...
Money Mastery Blog
Are You Financially Playing More Offense or More Defense?
Take any sport and consider playing strategies and defense always seems to win in the end. Let’s take the NBA Playoffs for example. The highest scoring player of a game is held in high esteem, even...
What Happens When You Earn 75 Cents and Spend $1
Did you know that for every 75 cents the U.S. government is taking in, it spends $1? Further, if this continues, within ten years the 75 cents will be used to pay just the interest on the debt. ...
How to Live a Long Life and Love It
One of the secrets to living a long and happy life is to save 10 percent of your income for the rest of your life. If a person can save 10 percent of their income when they are a teenager, they are...
The U.S. Budget vs. a Family Budget
Following are some numbers showing how the U.S. government spends money. These are big numbers, so it's pretty hard to get any kind of perspective on what they really mean to you personally: U.S....
How to Avoid Putting "Needs" Money at Risk as You Approach Retirement
As you prepare for retirement, you will undoubtedly want to accumulate the maximum amount of money and you will be tempted to use high-risk investments to do so. Your reasoning is you have many...
What Are the Pros and Cons of Filing an Extension?
As with most things, there are pros and cons to filing an extension on your taxes. Let's take a look at the pros of getting an extension to file first. Pros 1. You can avoid a late-filing penalty if...
Why Insurance Premiums Keep Going Up…
Jeff Atwater is the chief financial officer of the state of Florida. The numbers and issues he relates in the following letter will teach you why we all have to pay higher and higher insurance...
When Did the Concept of "Retirement" Come to Be?
As you can well imagine, the idea of "retirement” did not exist in Roman times, nor medieval times, and certainly not when Pilgrims discovered America. What about during the days of Lewis &...
Know the Rules about Your Privacy… Or Lack Thereof
Money Mastery Principle 5 teaches: Know the Rules. In this post, I will illustrate the importance of knowing the rules when it comes to your financial privacy. Following is a redacted privacy...
Take Caution: Read Disclosure Notices on Investment Projections Before You Sit Back on Your Retirement Laurels
Following is a typical disclosure notice you might see at the end of an investment report. Take the time to read this disclosure, you might be surprised what you find: If a numerical analysis is...
What Happens to You Financially If Your Health Changes?
According to the Social Security Administration, 41 percent of all workers are required to retire earlier than planned due to a personal health problem -- that's four out of every 10 Americans. And...

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