If you are following me on FaceBook you have seen I just shared a post from the corncrops.com site written by Lindsay Mitchell entitled, “Are Farmers Rich.” She did a great job in a short blog addressing this questions so many people ask. She even states...
Most people have never heard of Lost Opportunity Costs, just as I hadn’t prior to teaching this concept. By us not knowing, we are losing money on a daily basis while those who know are taking that money from us and putting it to work for themselves. What is it?...
By putting money into an investment such as a Traditional IRA, Roth IRA, or 401K you are NOT truly diversifying and preparing for retirement. If you are like most farmers, you are putting money into these investments for the reason of either diversification or tax...
This question is one of the more common questions I get when talking to people for the first time about whole life insurance. In fact, I just heard this again the other day from someone I was visiting with and thought it would be an important point to share with you....
Borrowing against the cash value of life insurance is a very hot topic. Many do not understand how it works and many more, who may think they understand it, have been misled to believe it has magical powers. I want to clarify this misconception and give you a...
Is it really an expense or is it a deposit in disguise? If the bank sent you a notice that you were to put money into your savings every month would you look at that as an expense or a deposit? Clearly, that would be a deposit in your mind. They would just be...
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