Financial Planning vs. Prosperity Economics

Financial Planning vs. Prosperity Economics   Meets needs and goals only   Maximizes every dollar Retirement oriented   Abundant/Freedom oriented Product oriented (only what you buy)   Strategy oriented (what you do) Accumulate money   Accelerate money Rate of return focuses   Opportunity cost recovery focused Institutions control your money   You control your money Uncoordinated   Integrated Micro (vacuum) based   Macro (big picture) based Net worth is measurement   Cash flow is measurement Money stays still   Money moves Dollars do only one job   Dollars do many

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How 0% Financing On A Car Isn’t Always 0%!

Since we are writing this in 2009, there are some true 0% car loans in the market place due to the economy in general and the condition of the automobile industry in particular.  However, knowing the whole truth about your money is critical in knowing how best to finance a car and there is much misinformation around this area.  Don’t be sucked into making higher payments because it’s only 0%! What happens to car buyers is they get focused on the payment.  A car dealership has a different price for

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How Can Borrowing At 4% And Investing At 5% Be A 25% Return?

Do you know the whole truth about how interest rates work?  Did you know borrowing money at 4% and investing at 5% is not a 1% difference but a 25% return?  It may be a 1% spread, but the reason most people cannot identify the 25% return is we don’t typically use financial calculators (like an HP-12c ).  If we do use them, it is still hard to tell what is going on because we can not see all the numbers at one time since the screen only shows the

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