Category: Investing

One of the best ways to protect your assets is by setting up a trust. A trust can help ensure that your wishes are carried out, even when you’re no longer around or able to manage them yourself. But what exactly is a trust, how do you set one up, and who can be named…

Life is unpredictable, and a life insurance policy you bought years ago might not make financial sense under new circumstances. Viatical settlements are one way for people with terminal or chronic illnesses to get the benefits of their life insurance while they’re alive — and experienced investors can sometimes benefit as well. What is a…

Investing young can serve as a bridge to future success. Take the story of an 11-year-old boy who bought three shares of Cities Services at $38 per share. He later sold them for $40 per share, earning a $6 profit. A few months later, he heard that the stock’s price skyrocketed to $200 per share,…

This post contains a free net worth tracking spreadsheet template for Microsoft Excel (.xlsx). Please enjoy it for your personal use. An explanation of net worth and why I use this spreadsheet follows the screenshot. As you may know, I’m not a big fan of budgeting…at least the old fashioned way of manually writing down…