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.

The Importance of Timing Market Returns: Sort of

The Importance of Timing Market Returns: Sort of

You can’t time the market. At least I can’t. Market timing is an investment hypothesis that has been tried for the 240 years of stock exchange history in the United States. 

 

The basic idea is to buy an investment when it is “low” or undervalued, and then sell that investment when it is “high” or overvalued. The problem is that I don’t know when the “low” or “high” has truly occurred. I know when investments are “lower” and “higher”, because those terms are always relative to some reference point in the past.  

Do Vehicle Purchases Really Matter?

Do Vehicle Purchases Really Matter?

I’m still amazed at the number of vehicle commercials I see when watching a sporting event on TV. The automotive industry is projected to spend more than $15 billion on digital advertising alone in 2019. Advertising works. That’s why auto companies are spending more money than ever on advertising. What the auto companies are selling, Americans are buying.

Do the Next Right Thing Now

Do the Next Right Thing Now

My wife and I enjoy taking time to talk about what we want our life to look like when we reach the point of financial independence. It is exciting to do this exercise, as it helps keep the reason behind saving, investing, and other smart financial decisions at the forefront of your mind.

Early 2019 Market Update

Early 2019 Market Update

As a part of The Wealth Group’s systematic investing process we have developed and refined, we update and review your portfolio and the internal holdings on a regular basis. This is an update based on that process, and there is no action required on your end.