Category: Innocent Tales

IS A COLLEGE EDUCATION WORTH IT? A HALLOWEEN TALE

IS A COLLEGE EDUCATION WORTH IT? A HALLOWEEN TALE

Halloween seems like the perfect time to post about the college selection process and the aftermath of the decision.  High school seniors are busy completing their final applications and soon they will know where they will spend the next four years of their lives.  Let me rephrase, hopefully spend the next four years of their lives. I […]

THE BEST WAY TO SAVE FOR COLLEGE: A FAIR TALE

THE BEST WAY TO SAVE FOR COLLEGE: A FAIR TALE

From the time our children were born, my wife and I wanted to make sure they would have the resources available to seek a college education.  We wanted to be as fair as possible in allocating family resources and not favor one over the other.  However, as this tale will teach you, if you want to do […]

SAVE MONEY WITH DOLLAR COST AVERAGING: A TALE OF PERSPECTIVE

SAVE MONEY WITH DOLLAR COST AVERAGING: A TALE OF PERSPECTIVE

Every new investor to the stock market or new 401(k) plan participant is shown a chart that espouses the virtues of dollar cost averaging.  So what is dollar cost averaging or DCA?  DCA is when you commit to invest a certain dollar amount or percentage of salary to an investment program, usually in a mutual […]

HOW CAN I USE THE RULE OF 72? A DOUBLE YOUR MONEY TALE

HOW CAN I USE THE RULE OF 72? A DOUBLE YOUR MONEY TALE

I learned the rule of 72 when I was a youngster. I’m not sure how old I was exactly but I know that it opened up a whole new world for me and gave me insights that let me see the world in a different way than before. Why it works isn’t important and is […]

HOW CAN I PAY OFF MY MORTGAGE EARLY? A MORTGAGE TALE

HOW CAN I PAY OFF MY MORTGAGE EARLY? A MORTGAGE TALE

Before I get into this tale I need to write about a home purchase in general. Also, since many of you may be asking What is a mortgage? Let me explain; a mortgage is a loan you commit to repay on a monthly basis until it is paid in full. When you hear the word mortgage think […]

HOW TO SAVE MONEY (AND GET OUT OF DEBT): A GREEN TALE

HOW TO SAVE MONEY (AND GET OUT OF DEBT): A GREEN TALE

I am a sucker for the Academy Awards show. When I hear those magic words “The Envelope Please” and the winner is? I get a thrill as my favorite is surely to be announced. In this tale if you follow what I prescribe the winner will be you. This is a how to save money and get out […]

AN ACTUAL TALE: AN AVERAGE RETURN VS. AN ACTUAL RETURN

AN ACTUAL TALE: AN AVERAGE RETURN VS. AN ACTUAL RETURN

My daughter recently asked me to explain how the stock market calculates the rates of return that are so often quoted because according to her calculations–the numbers didn’t add up.  She kept telling me that something was seriously wrong because no matter how she looked at the numbers they were consistently lower by between 2% […]

IS COLLEGE WORTH IT? A TWENTY MILLION DOLLAR TALE

IS COLLEGE WORTH IT? A TWENTY MILLION DOLLAR TALE

I have a strong belief that a college degree is a critical component to financial success since we know that college graduates earn more income than their non-graduate peers. It is a type of filter for future employers that begins when the student completes the eleventh grade. I would argue however, that the reasons that […]

TERM VS WHOLE LIFE INSURANCE: A TALE OF INSURANCE

TERM VS WHOLE LIFE INSURANCE: A TALE OF INSURANCE

Sometime before the age of 25 you will probably find yourself sitting across from a friend or friend of a friend that is trying to sell you life insurance. The pitch will sound compelling and if you are married rest assured that there will be a love component to the sales presentation. You will hear […]

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