The Secret to Investing in Volatile Times
The financial media loves volatile markets. When the market drops, investors understandably become anxious. They have questions like: What is causing the decline? How low will the market fall? Should I sit on the sidelines until things “settle down”? Are there “defensive stocks” I should buy that will protect me during this period of uncertainty? > SEE MORE
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The BAM Alliance
Tips for Teaching Your Children About Money
As parents, we continually struggle to pass on knowledge to our children. Unfortunately, sometimes the financial knowledge we want to share with them is either left off the already lengthy list of things to impart or lost in translation. But whether your child is 5 or 25, there are important lessons you can teach about money to give them a strong financial start in the world. > SEE MORE
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The BAM Alliance
Setting Up a Budget Based on Your Values
At a recent breakfast, a friend shared the process he and his wife use in place of traditional budgeting. It takes them less than 15 minutes a month, and after the first month, it’s already had a massive impact on the way they use money. Think of this as a little case study, one that shows exactly how easy it can be to align your spending with what you say is important to you. > SEE MORE
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The BAM Alliance
An Emotional Balance Sheet Can Guide Hard-to-Quantify Financial Choices
A few years ago, I came across a blog post by a writer named Emma Johnson who declared, in no uncertain terms, that “You. Cannot. Afford. To. Be. A. Full-time. Stay-at-home mom. You just can’t.”
I like strong opinions because they make me think and help me clarify my own feelings, and this statement certainly did that. I have actually been thinking about it ever since, and I’m convinced Ms. Johnson missed a very important part of the equation. > SEE MORE
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The BAM Alliance
With Short-Term Goals, Go For a Bird in the Hand
A friend of mine recently sold his house. It will be a few years before he’ll buy another one. Because the house was worth a lot more than what he and his wife owed the bank on their mortgage, they are now sitting on a pile of money and wondering what to do with it.
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