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America's Budget Nightmare

Twice a year, the Congressional Budget Office issues a report or rather  updates its annual “Budget and Economic Outlook.” This report projects the nation’s fiscal conditions for the next 10 years based on current laws. The most recent…
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A Sweep Account for Business Owners

There once was a time that it made sense for the business owner to use what is called a Sweep Account. One primary account was set up by the business as a checking account where money flowed in and out to pay for goods and services, payroll,…
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The Pressure of the Stock Market

Often in a visit with people about their money and finances it comes to my attention that they are having to lean more and more on higher risk investments to make money. Why is this when it appears that the market is really doing well?…
College Opportunity Costs
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Student debts can rob you and your child’s future!

Can you say college loans? Can you afford a college loan? These are questions that are plaguing young Americans who are just coming out of college and are preparing to go to college. A recent article titled the stunning truth about how students…
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Personal Savings Rate is an Indicator of National Greatness

"Our prosperity as a nation depends upon the personal financial prosperity of each of us as individuals." Those are the opening word to the foreword of George S. Clason's timeless classic The Richest Man in Babylon.  Although they were possible…

Taxation and Life Insurance Contracts

If you have read much of our blog at all you know that professionally designed life insurance is one of our favorite tools to use. This blog will deal with the taxation of life insurance contracts.  Tax season for a lot of people is not a fun…
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Which insurance company is best for IBC?

This is a question we get a lot.  A picture (Diagram) is worth a thousand words, so......
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Capitalism VS Socialism

There seems to be a lot of talk about the evils of capitalism of late.  While capitalism has its short comings a short story will illustrate the difference between capitalism and socialism.  This story has been published a bunch of times,…
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More Sellers Than Buyers?

Quick answer this question:  What happens to the price of something if there are more sellers than buyers? I know that was a simple question, but I wanted to have that as a foundation for this post. Several years ago I read the book;…
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Cash Is For Criminals?

You read that right.  That is not a tongue and cheek question but rather a reactionary question to a recent article published by ABC Australia entitled; "Cash is for Criminals: Why we should scrap big notes."   According to an economics professor…