Part of your overall money mindset is how you feel about issues of self-identity, independence, and feeling powerful. Some people are freaked out by power, so they back away from anything that shines the light on them too brightly. Or, you might not feel powerful at all, so you try to “borrow” someone else’s power…
DetailsFinancial habits are just as difficult for some people to make and break as any addiction or other bad habit. Yet others can change their habits quite quickly and effectively. Do those people just have more willpower? Are they smarter? Are they somehow better than the rest of us? Nope. In Gretchen Rubin’s book, Better…
DetailsThis week’s blog is written by guest author, Lyle Solomon, principal attorney with Oak View Law Group. We all want to be remembered for doing good. If you’ve been fortunate enough to acquire wealth and wish to do something with it beyond leaving it to your beneficiaries, then a charitable trust may be for you.…
DetailsThis week’s blog is written by guest author, Lyle Solomon, principal attorney with Oak View Law Group. Trusts can be broadly classified into four distinct types. They are divided based on when they become effective and who the owner of the assets is. The four types of trusts are living, testamentary, revocable and irrevocable.…
DetailsThis week’s blog is written by guest author, Lyle Solomon, principal attorney with Oak View Law Group. Although drafting a trust can be quite complex, the basic concept of a trust is relatively easy to understand. In simple words, it means that a person is holding property for another person’s benefit. What is trust?…
DetailsAll couples argue, but what are couples fighting about the most? According to a survey from the American Institute of CPAs, money is the most common reason married or cohabiting couples fight. Of more than 1,000 American adults polled, 27 percent of participants said that disagreements over finances were most likely to erupt into an…
DetailsWhen is it too young to talk about money? Maaaaaybe before age 3. But from age 3-5 kids already understand the idea of exchanging things of value. In fact, a survey out of University of Cambridge concluded that, by age 7, many money habits are set, which means it’s essential to start early. Here are…
DetailsA while ago, I suffered the indignity of having my car break down on me! It wasn’t a bad experience at all…people kept stopping to ask if I needed help; it was a rare, sunny Seattle day; and other than missing a phone appointment I had been looking forward to, nothing in my schedule was…
DetailsIf you knew everything was going to be okay, what would you do differently with your money? Now, please don’t take this as everything-is-going-to-be-okay-so-I-bear-no-personal-responsibility-for-anything. I am NOT talking about a universal, get-out-of-jail-free card…I am talking about wisdom. Wisdom is what you acquire when you’ve been around long enough to screw up multiple times, and you’re…
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