ELGON FINANCIAL BLOG
New Baby? Money Planning Tips To Avoid Bankruptcy (Part 1)
Money planning tips for new babies: It will cost over $233k to raise a child to age 17 today. Ideas to manage the initial costs without going bankrupt
You Are Your Parents Retirement – Now What?
If you wake up one day and realize “You are your parents retirement fund” , don’t panic. In this guest post, I outline some practical steps you can take to manage the issue, while preserving your sanity.
10 Financial Mistakes That Will Derail Your American Dream
It does not matter how or when you got here; this country has a lot of financial opportunities for you. To make the most of this opportunity avoid these 10 Financial Mistakes.
Overseas Assets – Watch Out For These 4 Tax Issues
My first post on retirement daily discusses tax issues to be aware of, if you own any type of non-US financial assets. The focus is on keeping the taxman happy, saving yourself some money and future stress if you have non-US financial ties.
A New College Choice Method – Rethinking the Process
College tuition is going up, Student debt continues to increase, this is not sustainable without a major policy shift. One way to combat this, is to rethink our approach and have a major mental shift in how select the colleges our students attend.
7 Lessons on Wealth Accumulation from the Millionaire Next Door
To round out the Financial Literacy Month – here are my top lessons from the “Millionaire Next Door.” Anybody can apply these lessons to their lives.
Teaching Kids About Money – The Cost Sharing Plan
April is financial literacy month – it’s a great time to teach kids how money works. One method is to use the “cost sharing plan”.
This is how my parents used the plan with us, and considering that I’m using it with my kids today, I have to admit it worked!
I’m Living Proof of the American Dream
My interview with the Authority Magazine for their series immigrants success stories