Helping you take control of your finances and future
Owning a home as a student in school could save you thousands of dollars down the road. I did this very thing while I was in school. I made these particular assumptions very conservative. Having a part-time job that doesn't pay much and isn't an ideal solution to financial stability, so students should keep an... Continue Reading →
Most people understand how and why owning a home is generally a better financial move than renting from a landlord. Owning and renting both come with pros and cons. Being a homeowner has many advantages, however, making additional payments on a promissory note is frequently overlooked as one of those advantages. If your lender allows... Continue Reading →
Operating Agreement Having a succession plan for your business is a good idea. When an LLC exists, it’s crucial to have an operating agreement. The terms of an operating agreement will typically trump the terms in a will and the default rules for an LLC governed by state law. In other words, an operating agreement... Continue Reading →
So what happens if you pass away without any type of succession plan for your business?
If you can use (even a little bit) of self-discipline, the debate between using a credit card vs. using a debit card is not a close debate.
Some states claim to be the best states in which to establish an LLC. Wyoming, Nevada, and Delaware are a few names that I commonly hear. Be wary when you hear advice on where to establish an LLC. Chances are unless you’re doing business in one of these states, it’s unlikely they are the best... Continue Reading →
According to UnitedStatesNow, the average American household spends about $2,700 per year on eating out and almost $500 per year on alcohol. I scoffed at this statistic and shook my head at that statement until I wrapped up my own financial record-keeping for 2022. My wife and I were right at about $3,000 for all... Continue Reading →
Tuition and fees at Notre Dame for the 2022-2023 academic year are over $60,000. Room and board, dining, and basic essentials probably raise the cost to somewhere around $80,000 per year. Is an undergraduate degree worth over $300,00? The tuition could be far more expensive over the course of several years if it’s borrowed. You... Continue Reading →
MoneyManeuvering 