Many people talk about “what they would do if they won the lotteryâ€, yet so few are truly prepared for what that would look like. The sad fact is that the majority of the people who play the lottery cannot afford to play and would be better off giving me that money as long as […]
The Infinite Banking Concept is one of the most brilliant financial strategies ever conceived. Although it has been around for decades, it is one of the best-kept secrets in the world of personal finance. Frankly, I was amazed that I had not been exposed to it sooner than I was, but I am glad I finally […]
Financial Planning & Goal Setting As A Couple Setting goals and using the SMART goal setting formula can greatly increase the likelihood of actually turning your hopes and dreams into a reality. What’s more, according to a study at the Dominican University in California, sharing your goals with a trusted friend or family member will […]
I wanted to let all of the Fiscally Sound subscribers and fans know that we have just published a new eBook called “How to Live a Fiscally Sound Life.” You can get it by filling out the form below. Please know this is a very small eBook with the goal of helping people understand the financial […]
The United States and Canada recently signed an Inter-Government Agreement (IGA) obliging Canadian banks to send information to the U.S. on bank accounts held by American citizens. The banks in Canada will send their information to the Canada Revenue Agency, who will then forward the data to the U.S. IRS. This IGA is meant to […]
In 2007, Congress enacted the Mortgage Debt Forgiveness Act to help homeowners affected by the housing crisis. This law remained in effect until the end of 2013. Though some in Congress have tried to extend the law, the prospects of this happening with a divided government during an election year remain unclear. If you are […]
Some of us age gracefully. Our hair silvers – it doesn’t gray. We are blessed with grandchildren – and then great-grandchildren. Our thriftiness from having been raised in a more careful, more responsible age pays off, and we have piles of money in the bank. Some of us age awkwardly. First one knee goes, then […]
I don’t mean to be insensitive if you recently lost a lot of money. There was a time in my life when I really cared what happened with the stock market because it had an impact on my finances, my retirement, and my future. Last year, I fired the stock market. I learned that Wall […]
