A while back, during a housing boom (remember those?), I watched a TV news segment about homeownership. The reporter was interviewing a young married couple shopping for a house and the wife said: “My parents told me to buy the biggest house you can afford, so that’s what we’re doing.” After all, her parents probably […]
Archive for the ‘Savings’ Category
This One Mistake Could Delay Your Retirement by 10 Years
July 12th, 2014 
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Posted in Appreciation, Assets, Cash Flow, Debt, Debt Reduction, Financial Independence, Investments, Liabilities, Net Worth, Retirement, Savings, Wealth 
Tags: Retirement mistake 
No Comments »7 Habits of the Financially Successful
January 24th, 2014 admin This article, written by Keith Whelan, was recently posted on Wise Bread’s personal finance site. If you think about it, achieving success in some of our most important life activities requires two key ingredients: Knowledge + Behavior. Knowledge by itself isn’t enough; knowing what to do only gets you halfway there…you also need to follow […]
Posted in Asset Accumulation, Cash Flow, financial behavior, Financial Independence, Financial Planning, Net Worth, Retirement, Savings, Wealth, Wealth Accumulation Tags: cash flow, cash flow navigator, cashflownavigator, financial behavior, financial independence, Keith Whelan, wealth No Comments »Ask the Experts: Money Management for Young Professionals
October 5th, 2013 admin This article by Kimberly Rotter of “The Insider” includes a contribution from Keith Whelan. The milestones of growing up are different for everyone, but they tend to share the same basic characteristics. Key parts of the transition from child to adult include moving out on your own, embarking on a career, paying for your first […]
Get Ahead When You’re Young, Part 1: Share an Apartment
August 12th, 2013 admin Reduce Your Biggest Early Cash Flow Drag and Put the Extra Savings to Good Use If you’re in your 20s you’re probably facing a number of unique economic challenges. Through no fault of your own you’ve been hit with the proverbial double-whammy: a deep recession that just won’t quit AND a major restructuring of the […]
Want to Reach Your Retirement Savings “Threshold”? Be Sure to Heed the Signs Along the Way!
June 8th, 2013 admin In 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 with your contributions. But for that savings growth to […]
Posted in Cash Flow, Financial Planning, Investments, Retirement, Savings, Wealth, Wealth Accumulation Tags: 401(k), benefits, cash flow navigator, cashflownavigator, company match, compounding, financial independence, financial life cycle, invested, Keith Whelan, monthly income, nest egg, retirement, retirement account, savings, savings financial independence, social security, threshold, wait, withdrawing money No Comments »Cash Flow Management Advice from Ben Franklin: Prepare for the Worst
June 3rd, 2013 admin Way 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, while also featuring guest appearances by Napoleon, […]
Posted in Assets, Cash Flow, Debt, Debt Accumulation, Debt Reduction, Financial Independence, Financial Life Cycle, Financial Planning, Investments, Liabilities, Net Worth, Retirement, Savings, Taxes, Wealth, Wealth Accumulation Tags: assets, cash flow, cash flow navigator, cashflownavigator, complete financial independence, daily living expenses, debt, financial independence, financial life cycle, financial management, financial planning, income, Keith Whelan, liabilities, Manage Your Finances, net worth, plan, retirement, Retirement Goal, wealth, wealth accumulation, Wealth and Cash Flow Millionaire Next Door, wealthy 1 Comment »Avoid “Penalty Fee Grief” with Skillful Use of Bill Payment Tools
February 15th, 2013 admin Swiss American psychiatrist Elisabeth Kubler-Ross discovered that we all tend to go through five stages of grieving: denial, anger, bargaining, depression and acceptance. These stages were originally associated with people who are suffering from terminal illness, but since then they’ve been found to apply more broadly to other types of loss, including financial loss. And […]
Posted in Asset Accumulation, Assets, Cash Flow, Debt, Debt Reduction, Financial Independence, Financial Life Cycle, Financial Planning, Liabilities, Net Worth, Savings, Wealth, Wealth Accumulation Tags: bill pay, bounced check fees, budget management, cash flow navigator, cashflownavigator, checking account, credit line, daily living expenses, financial independence, financial life cycle, float, Keith Whelan, online checking, overdraft, penalty fees, variable living expenses No Comments »The Secret to Winning at Monopoly™
January 9th, 2013 admin The Famous Board Game Offers Lessons on Real Estate’s Rewards – and Risks Monopoly is one of the most popular board games of the past century. And why not? It gives you the opportunity to acquire wealth in form of real estate AND to generate cash flow not just from the properties but by also […]
Posted in Asset Accumulation, Assets, Cash Flow, Debt, Debt Accumulation, Debt Reduction, Financial Independence, Financial Life Cycle, Financial Planning, Investments, Liabilities, Net Worth, Savings, Wealth, Wealth Accumulation Tags: cash flow, cash flow navigator, cashflownavigator, debt, financial independence, financial life cycle, income, investment, Keith Whelan, leverage, Monopoly, wealth No Comments »Wealth and Cash Flow Lessons from The Millionaire Next Door
December 13th, 2012 admin Attitudes and Behaviors of the Affluent – How do you Compare? Thomas J. Stanley and William D. Danko have met with and conducted research among wealthy Americans since the early 1970s. As the title of their first book The Millionaire Next Door suggests, the profile of a typical millionaire might surprise you. For example, most […]
Posted in Asset Accumulation, Assets, Cash Flow, Debt, Debt Reduction, Financial Independence, Financial Life Cycle, Financial Planning, Liabilities, Net Worth, Retirement, Savings, Uncategorized, Wealth, Wealth Accumulation Tags: cash flow, cash flow navigator, cashflownavigator, financial independence, financial life cycle, income, investments, Keith Whelan, millionaire, rich, wealth, Wealth and Cash Flow Millionaire Next Door, wealthy No Comments »
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