What do burgers, kids, and movies have in common? They all involve opportunity costs.
When you buy a burger, you can’t use that money to rent a movie, pay down debt, or invest. And when you sit down to watch a movie, you’ve traded your time and money for two hours of entertainment.
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Financial matters have a reputation for being complicated. Ill-deserved or not, financial success requires that we consistently make the right choices. Unless you’re content to settle for water cooler advice or willing to do the research, you’ll need to know how to find reliable financial advice.
Many people rely on media gatekeepers and financial “advisors” for [...]
In recent years, long-term care insurance and disability insurance have become hot topics. An unexpected disability can decimate a family’s wealth and this unpleasant possibility has led many financial advisers to encourage everyone to get insured.
Now insurance is a wonderful invention and purchasing disability insurance can be a wise decision for many people. But the [...]
Buying your first house is a wonderful experience. Most of us immediately begin personalizing with paint and new furnishings. These personal touches are important, but they can bring stress when bought with credit.
When my wife and I bought our house, we had little money left over and a lot of space to fill…
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