As parents, we hear so much about saving for college and providing a top-notch higher education for our kids. We’re told a 4-year college degree is a bare minimum required in today’s job market. We feel the pressure to follow this conventional wisdom, to make sure our kids get into the best schools, so they can have the opportunity to succeed. But are we right in following conventional wisdom as it relates to the 4-year college degrees that seem to be the standard for higher education?
I’m going to make an obvious statement. You’ve heard it before. In fact, you’ve heard it so much that you’re going to have to fight against the natural response to stop reading and go back to whatever you were doing before you started reading this blog. I’m trying to warn you ahead of time so that you’ll do the opposite of what you want to do and benefit from what I’m about to share with you. Ready? Here it goes!
Marriage is a wonderful institution that can yield tremendous benefits for those who commit to it. But marriage is not easy. It takes hard work to integrate your life with another person; to become one, especially in the area of money. Fighting over money is a big frustration for couples, and sadly, the cause of many divorces.
I continue to be surprised how few people have life insurance. Perhaps it’s our unwillingness to think about the possibility of an untimely death. Some people think they just don’t need life insurance, or it could be they just don’t know how much life insurance they need. Well, whatever your reason for not having life insurance, I hope the answers to the questions below will help you make an informed decision.
The key to financial success is consistently making financial decisions that improve your financial position and grow your net-worth. And the two actions that will impact your success the most are eliminating debt and increasing savings. So, which should you focus on first? Is paying off credit cards first the better choice or should saving take priority?