Archive by Author

A Trust Can Be a Flexible and Smart Legacy Solution

A Trust Can Be a Flexible and Smart Legacy Solution

When planning your legacy and thinking about your family’s future, you may want to consider a trust. If you’ve avoided this financial tool because it seems too restrictive, it might be time to reconsider. Trusts are popular when the beneficiary is incapable of handling asset management, but they can also be fairly flexible, depending on how they’re structured. Beneficiaries can be granted a decent amount of control while still enjoying the benefits of asset protection and tax savings.
0
Cryptocurrencies: the Future of Money?

Cryptocurrencies: the Future of Money?

With the recent shutting down of Bitcoin exchanges by the Chinese government there has been a rise in discussion of and speculation about cryptocurrencies in general. Are cryptocurrencies a form of money? The detractors say, “no.” And there are a number of cryptocurrency detractors.
Filed in: Bitcoin
0
Being Smart About Apps

Being Smart About Apps

Smartphones and mobile apps are very much on the upswing, which is changing how we use, share and store information. As of May of this year it was reported that smartphone owners use more than 30 apps in a month, roughly one-third to one-half of the apps they have installed on their phones. And using those apps has become a daily habit. People now open or launch an average of nine apps each day.
0
Money Management Lessons From My Son

Money Management Lessons From My Son

I consider myself fairly sophisticated about money management and how important it is to teach our children financial responsibility. But it took a conversation with my frustrated nine year-old to open my eyes to two-key elements I had been overlooking. And what a difference they can make to a kid’s understanding of handling money. Here’s what happened and what I learned.
0
What Is This Thing Called Money?

What Is This Thing Called Money?

By definition, money is “any article or substance used as a medium of exchange, measure of wealth, or means of payment.” Money makes complete sense to us today but it has taken us around 3,000 years to get here. Prior to money, bartering was the means by which people exchanged goods or services. Bartering involved a direct trade and required finding another person or community who wanted or needed the goods or services being offered.  It worked but not always very efficiently.
0