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Financial Rules of Thumb: Never Carry a Credit Card Balance

We’ve been talking over the last few weeks about financial rules of thumb, and whether they apply across the board to everyone as we’ve been told. So far, we’ve talked about emergency funds, down payments, saving for retirement and the 100-minus-age rule. Today, I want to…

Financial Rules of Thumb: Save 10 Percent for Retirement

Over the last few weeks, we've been talking about financial rules of thumb, and whether they apply as universally as we may have been led to believe. Today, I want to talk about the old adage that everyone should save 10 percent of their income for retirement. This is a…

Financial Rules of Thumb: The 20 Percent Down Payment

Everyone’s parents and grandparents have passed down the old rule for years that, when buying a home, you must put 20 percent down on the purchase. The idea is that this rule helps keep people from buying more house than they can afford and taking on unmanageable monthly…

Financial Rules of Thumb: Emergency Funds

Over the next few weeks, I’m going to spend some time talking about all the financial rules of thumb we’ve all heard, and exploring whether or not these soundbites and platitudes apply as universally as we’ve been led to believe. Today, let’s start with emergency funds,…

Don't Rush Your Financial Plan

When it comes to saving and investing, it’s always a good idea to start young and be consistent. Early and often, right? While this is solid advice, I also advise my clients not to rush the process when it comes to building a solid financial foundation. Let me give an…

Financial Success in Your 30s

We talked a couple of weeks ago about what financial success in your 20s might look like. Today I want to address success in your 30s, and a few strategies for continuing to work towards a solid financial future. This decade is the time to get laser-focused on building…