Personal Finance Mastery

Ever wonder which college savings plan is right for your child?  Through the myriad of choices, it can be quite complicated to figure out which plan makes sense to your specific financial situation.  In this 3-part series of  blog posts, I will talk about the types of college savings plans available.  
There are generally 3 [...]

Developing SMARTER goals will lead to a happier, healthier and wealthier you in the new year.
The new year has begun and millions of people around the world have set out to accomplish their New Year’s Resolutions, unfortunately many people will not be able to succeed and successfully accomplish the goals they set out achieve.
Why is [...]

The other day Peter and I ordered breakfast from McDonalds, and we were saddened by the woman who took our order.  She was a sweet old lady about 85 years of age.  “Why is this woman still working?” I thought to myself.  Perhaps she was bored in retirement, maybe she was lonely or worse yet, [...]

What is Whole Life Insurance?
Whole life insurance is a form of permanent insurance that also builds up a cash value.  It provides permanent protection for the insured person’s entire life.  There are 5 common types of permanent life insurance policies; whole life, variable life, universal life, and variable universal life.
Whole life insurance contracts have a [...]

It was just a few days ago that some very remarkable statements were made by prominent Chinese financial individuals that had very little to no mention here in the United States.
China should reduce its excessive foreign exchange reserves and further diversify its holdings, the current reserve amount is too high
That was a remark made by [...]

When I was younger, I believed that insurance was a scam.  After my long journey learning about all aspects of personal finance, I realized I was wrong.  You see, each and every person has an economic value for their life.  Just think about how much money you will earn in a lifetime.  This economic value [...]

I’ve gotten a lot of questions lately from people asking about gold.  The questions all pretty much revolve around the idea that gold is a bubble and will the gold bubble burst soon.  These questions are asked in the context of the greater commodities rally we have been seeing lately.  My answer to their questions [...]