by Ingrid Clayton | Jan 23, 2022 | Financial Literacy
Most people spend months in advance planning for and anticipating their one week vacation to their dream location. However, when it comes to their longest vacation in life, retirement, they often do very little or no planning at all. In fact, there are many who...
by Ingrid Clayton | Oct 17, 2021 | Financial Literacy
Many of us have heard the saying, “Time is money”. But most of us just accepted it and have never really reflected on the meaning of the statement and its truthfulness. The statement “Time is money” can be explained using multiple scenarios in different contexts, but...
by Ingrid Clayton | Sep 19, 2021 | Financial Literacy
What Is Dollar-Cost Averaging? Dollar Cost Averaging is a strategy that is used to systematically purchase an amount of stocks or shares of securities products, such as a mutual fund or a portfolio fund, to offset investment risk in a market that is fluctuating. Put...
by Ingrid Clayton | Sep 5, 2021 | Financial Literacy
What Does “Bank on Yourself ” Mean? In the book Bank On Yourself by Pamela Yellen, she explains the “Bank On Yourself” concept as buying a whole life insurance policy on yourself, funding the insurance cash value using paid up additions (overfunding the cash value),...
by Ingrid Clayton | Aug 15, 2021 | Financial Literacy
One of the biggest contributing factors to the financial issues many face today is debt. People from all income brackets tend to have too much debt, so most of their income goes towards debt servicing instead of towards a higher quality lifestyle. Many six-figure...
by Ingrid Clayton | May 23, 2021 | Financial Literacy
Tracking Your Expenses One of the reasons many consumers overspend is because they don’t track their expenses, so they are clueless about how much money they have except for perhaps soon after they get paid. If you use only cash or your debit card to make purchases,...
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