The Pareto principle (known as the 80/20 rule) states that for many outcomes, roughly 80% of consequences come from 20% of causes. How many times have you heard the 80/20 rule in conjunction with business, health, wealth, etc.? The implication associated with this is that 20% of your efforts produce 80% of the results. Interestingly,…
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Inflation has been a beast on the ole’ pocketbook. In the 4th quarter of 2023, household debt reached 17.5 trillion dollars with credit card debt – an increase of 50 billion dollars within that same quarter. This translates to Americans spending more with less capability to pay their debt. All while most of these same…
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Just the idea of that makes you want to grind your teeth. Retirement is supposed to be anything but a nightmare, right? After all, it’s your Golden Years. You worked so hard to get here. It’s a dream come true… or is it? Right now, it could be a scary time to retire or be…
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Have you ever met anyone that doesn’t have at least one area of clutter in his/her house? I would bet that even the tidiest of homes has a closet or drawer that gets cluttered from time to time. Life gets busy. We throw stuff here and there, planning to deal with it later. Then before…
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How much house can I afford? How much car can I afford? How much horse trailer can I afford? Can I afford a second home? Can I afford a recreational vehicle? I think most of us ask ourselves this at one time or another in our lives, or at least we should. Honestly though, I…
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Unfortunately, this a question being asked by young adults – well, adults in general… parents and grandparents included. Although it should be, financial literacy is not a course in most schools. When considering the need for financial literacy, I am reminded of this: “What you tolerate today, you will accept tomorrow. What you accept today,…
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Remember when buying a coke was a treat and eating out for dinner was a true luxury? When you’d get a hole in your pants and your Mom would fix them – not throw the pants away? When you walked down the street and truly overweight people – especially children – were few and far…
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