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1. Cash & Credit

About That Free Financial Plan

Have you worked with or been approached by a financial advisor who offered you free financial planning services? It sure seems hard to beat free and is pretty easy to agree to that type of service. Compare that to the financial advisor asking you to pay for financial planning service and [...]

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Do-It-Yourself Financial Plan Step #1 -Cash & Credit

Do-It-Yourself Financial Plan Step #1,  Cash and Credit
Cash flow is where you start. Don’t think you have cash flow? Sure you do. Just start by paying yourself first-not after all the bills are paid, but before. Start with taking 10% of your salary and divide by 12 months.  That is your monthly savings amount. Open [...]

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Get High Interest on Your Cash

Cash is king right now. With people losing their jobs and the markets in negative territory, everyone is loading up on cash and I think that is the right thing to do. If the roof leaks, or the car needs repair, you will not have to use a credit card to pay for [...]

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Poverty Consciousness to Wealth Consciosness

Once a month I will be answering a question from my readers. Please submit your question to me by e-mail at fern@wholeheartedway.com. I will pick one each month to answer.
Question – How do I keep track of all the statements and accounts that I have?
- Deb R.
Answer – As a former Wealth Manager who oversaw [...]

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Getting a Tax Refund or Not?

I am a big believer in NOT getting a tax refund. A tax refund is giving the US government a tax-free loan. You can get that money on a monthly basis to spend, save, or invest. Many people use a tax refund as a forced savings. Big mistake! If you understand the time value of [...]

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A Wealth Coach Will Take You There

It’s summer time and people are going places. The kids are out of school and many vacation plans are laid out. It’s also a time when people reflect on their personal development. There are lots of programs to inspire and motivate – there is the book called the Secret, and there is Oprah’s the Power [...]

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Get Rid of Those Credit Offers

Once a month I will be answering a question from my readers. Please submit your question to me by e-mail at fern@wholeheartedway.com.
Question – I get credit card offers in the mail every day. How do I make them stop? I have tried calling but that didn’t help…
- Anonymous
Answer – You can call each credit bureau [...]

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Lending to Each Other

Question – I want to lend money to my nephew for a business venture. How can I do this without any misunderstandings?
- Richard B.
Answer – People to people lending is growing fast. I have seen here in Silicon Valley many middle-class “angels” who have helped people get their businesses off the ground and share in [...]

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We All Owe

Our country is drowning in debt and most of us are, too. Why is that?
Well let’s look at the facts. Our federal government is $8.8 trillion (that’s no typo) in debt.* Debt payments for the rest of us rose to record levels last year. In the second quarter of 2006, families had to spend 14.4 [...]

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