All Hail the 15-Year Mortgage

All Hail the 15-Year Mortgage

Buying a house is a big deal. It’s an opportunity to find the home that you’ve always imagined: the perfect size, in the perfect location, with the perfect potential to make it into a place where your family can enjoy many years together. It’s an exciting step! But you know what else is a big deal? Mortgages.

Gaining Perspective on Stock Market Volatility

Gaining Perspective on Stock Market Volatility

One of the most important rules of investing is this: tuning in to media sources (be they financial or general) will not help you be a better investor. In fact, it will likely make you a poorer investor.

Does it help you to know how much the Dow or the Nasdaq moves in a given day? If the Dow is down 200 points today, will that alter your investment strategy? Will it alter your mood?

Saving for My Daughter's Wedding

Saving for My Daughter's Wedding

Earlier this year, I took my daughter Evelyn to our first “Daddy/Daughter Dance” at Life Time Fitness. While I was merely an accessory as she twirled and twirled on the dance floor, it was a wonderful night for us.

Evie turns 4 next month. About a month before the dance, my wife Krista bought a dress with Evie at Costco to wear for the dance. Evie called it her “ballet tutu dress”, and she proudly wore that dress nearly every day in the weeks leading up to the dance.

Someday, I’ll be walking my little girl down the church aisle on her wedding day. [insert deep sigh] One of the habits outlined in Stephen Covey’s classic book The 7 Habits of Highly Effective People is to begin with the end in mind. With our daughter, that means looking ahead to the day she leaves us and joins her life to her future husband. While our roles as father and mother won’t end at that point, we want to be thinking now about the kind of woman we hope she will be on her wedding day – and about the kind of man we hope she will marry.

Purdue University's Success Story

Purdue University's Success Story

When Mitch Daniels (former Indiana Governor) took over as President of Purdue University in 2013, the school had increased tuition 36 years in a row. Since then, Purdue has not raised tuition once. By graduation day in 2020, Purdue will be able to boast the total cost of “going to Purdue will be less in 2020 than it was in 2012.”

Paying Your Children for College Credits

Paying Your Children for College Credits

If you’re planning to contribute to your children’s future earning potential (i.e. by paying for college), you are committing to a big expense. But you already know that.

Here’s a good gut-check question to kick off this discussion: how much research time did you put into your last purchase of an iPhone, a computer, or vehicle purchase? Now, compare those answers to how much time you put into researching the college decision for your children.

Fun with Facts and Numbers

Fun with Facts and Numbers

Life expectancy in 1900 was 47. In 1935 (when the Social Security program became an active policy), life expectancy had increased to 61. The Social Security full retirement age (FRA) at that time was 65, meaning that over 50% of Americans were never intended to receive any sort of retirement benefit from the Social Security program. Life expectancy is up to 78.7 as of 2017. (source: U.S. Census Bureau).

Do What Millionaires Do

Do What Millionaires Do

In his recent book Everyday Millionaires: How Ordinary People Built Extraordinary Wealth – and How You Can Too, author Chris Hogan sets out to prove “The American Dream is Alive and Available.” To write this book, Hogan’s team at Ramsey Solutions surveyed and/or interviewed more than 10,000 Americans over the past year.

His book follows the footsteps of one of The Wealth Group’s all-time favorite books, The Millionaire Next Door. Books like these are great at myth-busting the popular culture’s conceptions about millionaires in America. What most people think about millionaires in America is often incorrect.