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Articles from Keith Whelan | Selfgrowth.com
- Cash Flow Management Advice from Ben Franklin, Part 1: Prepare for the Worst - by Submitted on Mar 15, 2016 from Keith WhelanWay back in the ‘60s the TV show “Bewitched” was mandatory viewing for baby boomers like me. After all, how could you resist a series that regularly showcased the latest model sports cars (Chevrolet sponsored the show), driven by two completely different looking husbands with the same name, ...
Views: 1074 - Want to Reach Your Retirement Savings "Threshold"? Be Sure to Heed the Signs Along the Way! - by Submitted on Jun 18, 2013 from Keith WhelanIn an earlier piece, with a reference to Albert Einstein, I wrote about “compounding” the compound interest on your retirement savings by making regular contributions. That’s a key first step to ensure a steadily growing savings balance, particularly if there’s an employer match to go along ...
Views: 824 - Ideas to Help Our Youth Get a Strong Financial Head Start. Part 3: Moving Ahead in the Financial Life Cycle with the Help of Rental Income - by Submitted on Jun 24, 2012 from Keith WhelanIdeas to Help Our Youth Get a Strong Financial Head Start. Part 3: Moving Ahead in the Financial Life Cycle with the Help of Rental Income Creating a Cash Flow Source in Your 20s or 30s OK, so let’s say you’re in your 20s and with the help of a family savings and investment account (see ...
Views: 650 - Ideas to Help Our Youth Get a Strong Financial Head Start, part 2: Open a "Team Savings & Investment Account" with Your Child - by Submitted on Jun 24, 2012 from Keith WhelanIdeas to Help Our Youth Get a Strong Financial Head Start Part 2: Open a “Team Savings & Investment Account” With Your Child Going From 0 to $15,000 Before Getting a Driver’s License The previous article on this topic focused on how important it is for young adults to “outrun” debt and move ...
Views: 713 - Cash Flow is Better, But Wealth is Still Good. You Need Both to Complete the Picture - by Submitted on May 29, 2012 from Keith WhelanYou might have noticed that we devote much of our time and attention to the topic of cash flow. It’s the lead subject of our e-booklet, a key component of our measurement tool, and is regularly featured in our blog articles. We do this in large part because cash flow tends to be neglected in ...
Views: 902 - Unsure About Retirement Account Contributions? Consider Einstein’s Theory. Compounding Compound Interest - by Submitted on May 29, 2012 from Keith WhelanI’ve always admired Albert Einstein. After all, he was a fairly intelligent fellow. In science, he changed our understanding of light and of gravity, helped prove the existence of molecules, and explained the nature of space and time. In politics, he was influential as a promoter of peace and ...
Views: 829 - Ideas to Help Our Youth Get a Strong Financial Head Start, part 1: Outrun the Debt or Don't Be In A Pickle! - by Submitted on May 29, 2012 from Keith WhelanIn an earlier article I quoted James Taylor, but since the topic here is youth let’s borrow a line from James’s younger brother Livingston: “I could barely hobble when I needed to run.” What does that have to do with America’s youth getting ahead? Well, when it comes to their finances, ...
Views: 790 - Wealth and Cash Flow Lessons From Donald Trump. Are You Ready To Be An Apprentice? - by Submitted on Mar 15, 2012 from Keith WhelanWealth and Cash Flow Lessons from Donald Trump. Are you Ready to Be an Apprentice? For most people the name Donald Trump conjures up many images: The hair. The pout. The Tower. The casinos. And, of course, The Apprentice. He is certainly one of our society’s most recognizable ...
Views: 2016 - Swimming Against the Tide of Mortgage Interest? Turn the Tide with Prepayment Options. - by Submitted on Mar 15, 2012 from Keith WhelanSince we’re all about cash flow, I thought it was high time we worked “liquidity” into one of our article titles. Sorry, couldn’t resist. Actually, this topic could be a serious one, and a more appropriate analogy might be the memorable line from the movie Jerry McGuire: “Show me the money!” ...
Views: 716 - Net Worth is Good, but Cash Flow is Better - by Submitted on Feb 19, 2012 from Keith WhelanYou might have seen some TV ads recently where people literally carry their retirement “number” with them. Each person’s number varies, but it’s usually in the $1-2 million range. I like these ads because they reinforce the importance of setting a measurable retirement goal. But merely ...
Views: 774 - Should Your Retirement Goal Be Measured Only by Net Worth? - by Submitted on Feb 19, 2012 from Keith WhelanRecently our family went out to eat, and while waiting for our entrées one of our sons asked us what we’d like to do when we retire. A good question…one that was fun to answer. My wife said travel and dine out. I agreed, but added that since I am a boy and boys like their toys I absolutely ...
Views: 747 - To Manage Your Finances You Need to Measure Them. But What Are the Measures? - by Submitted on Feb 19, 2012 from Keith WhelanHave you noticed that our schools taught us about writing, math, history, arts and science but surprisingly little about managing our finances? Yet in the life we live after our formal education ends, financial management becomes one of our highest priorities. It’s no wonder, then, that so ...
Views: 678 - The Money Pit, part 2: Beware A House That's Too Small! - by Submitted on Jan 25, 2012 from Keith WhelanI think we can call this “The Goldilocks principle of housing”. A few articles back, I wrote about misadventures during an earlier housing bubble, when we bought a house much larger than our family needed. With a super-sized mortgage, high property taxes and maintenance costs, it put a real ...
Views: 565 - Is Leasing Your Next Car A Good Idea? - by Submitted on Jan 17, 2012 from Keith WhelanIs Leasing Your Next Car a Good Idea? Have you ever heard someone say that a car, or a truck, is a big investment? I disagree. Yes, it can be a big outlay. But a vehicle isn’t an investment, because investments are supposed to appreciate, or increase in value. Vehicles definitely don’t do ...
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