How Investment ISAs Work

If you’re shopping around for the right way to organize your wealth and plan for your retirement, then you are bound to have come across ISAs early on in your quest. You may have read about standard cash ISAs which are ultimately simple tax-free savings accounts. However for something different you may be interested in […] ...

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And So The Terrorists Win

Are you fed up yet? Have you had enough of the answer “we’re doing it to protect you?” I have. I’m tired of it taking a week to open a brokerage account because they need to make sure I’m not a security risk. Really? You have my money transferred from an account under my name […] ...

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What are The Keys to a Perfect Credit Score

A few weeks ago Tim Coffman asked me if I would publish an article he wrote. At first I was hesitant. Most of our posts at Wealth and Wisdom are focused on self help and entrepreneurship. The more I considered, the more I realized filled in an area that I don’t spend much time on….personal […] ...

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Thank God I’m Homeless

Ok, maybe the title is a bit misleading. My family isn’t living in a van down by the river. We aren’t living in a cardboard box. No crashing on a friend’s couch for a few weeks or moving back in with Mom and Dad. We rented a nice apartment just down the street. Over the last year or two we became concerned with the real estate market in Houston. We saw that ~20% of our neighbors were in financial trouble and that we would have several foreclosures on our street. Our desire to relocate just added fuel to the fire. If the market crashed we were screwed. There would be no way to move without taking a significant hit when selling our house, assuming that we could sell it at all! Taking the fear out of a scary decision Going ag...

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A look back at 2009

When we get buried in the day to day, we often forget what we’ve accomplished and learned. It can seem like we are standing still, especially when you haven’t achieved one or more of you major goals. This is one reason why it is so important to do periodic reviews. It’s also one of the magical things about heading into New Years, as this holiday tends to make us think back over our previous year and forward to the next. Looking back, 2009 has been a roller coaster * New government which has created a ton of strife. New regulations and laws looming that will change the face of this country (I’ll leave it to you to decide if it’s for better or for worse!) * The economy degraded even further, and any recov...

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Announcing the launch of Education 2.0 – or how to earn your college degree quicker, easier, and for much less money!

People who know me well are familiar with my views on college. I am a huge believer in obtaining your education, and have seen first hand the impact this can have on your career or your business. I’ve earned two bachelors of science degrees working full time with a young family, and my wife has earned her bachelors of science in business while being a full time mother. I’m not bragging, I’m just making it clear how much I believe in college education! I also am not a big fan of the traditional college experience. When you look at the cost it is hard to justify. This is both for adults going back to school and for our children. If you follow the traditional college path the costs are staggering, and the traditional college ...

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The Entrepreneur’s Umbrella-BOE Insurance

This weekend we were watching The Millionaire Inside on CNBC. The episode was Debt Makeover and one case study hit home. Paul was a successful entrepreneur who was diagnosed with non-Hodgkin’s lymphoma. He turned his back on his business in order to dedicate himself to his treatment and recovery. He borrowed from savings and started […] ...

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FDIC insurance-Is My Money Safe?

Warren Buffet’s first principle for investing is to never lose money. In today’s uncertain market that is easier said than done. I would typically pull my money out of the market and sock it away someplace safe. I have neither the time nor the inclination to learn to become a trader. I believe my time […] ...

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How to respond when your family asks for money

Note:This is one of the hardest things I’ve written about. I’ve personally gone through it and know how it can tear apart a family. In my case it was because I decided to help. “Joe, you look awful.” “Wow, is that a good way to greet a friend?” Joe asked me. “But now that you […] ...

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Three paths to financial abundance

Common advice, common results I shake my head when I hear most “experts” talk about getting ahead. Their advise is almost always the same: “reduce your spending to the bare minimum. Maximize the amount you save. Invest in good mutual funds for the long haul.” Every once in a while you hear someone who focuses […] ...

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