Family Holiday Traditions Should Go Beyond Consumerism

Sunday, December 18th, 2011

As this story is posted, we are approaching the Christmas and New Year’s holidays. For much of our country, the winter holidays are a study in excess, with a strong emphasis on consumerism.

It’s certainly true that retail businesses make a big chunk of their money in the winter holiday season. And we are certainly rooting for a strong holiday season for retailers, because they make up about 70 percent of the U.S. economy.

But we don’t personally have to give in to the commercial aspects of these holidays — or any holiday, for that matter.

Many holidays have their roots in religious tradition. Christmas, Hanukkah and Easter certainly fall into that category. (more…)

The Intersection of Your Wealth and Values

Tuesday, November 8th, 2011

Because you are reading the WEALTH Magazine website, we assume you’re already taking steps to build and manage your wealth. You care about your finances, and you are intentional about investing, tracking and spending your money.

But today we’re asking you to take a step back. Obviously building wealth is important to you. But what else is important to you?

Take a moment and rate the importance of the following broad areas: (more…)

On Raising Kids: Tiger Mom, Meet Panda Dad

Thursday, April 7th, 2011

With you and your spouse balancing careers, investment objectives and other daily stress factors, how do you handle the demands of raising children—doing your best for the little ones while keeping the household running smoothly?

There’s certainly no shortage of advice out there. Writer/blogger Alan Paul has weighed in on the Tiger Mom controversy with a different perspective—that of the dad. Six years ago Paul, his wife and their three small children moved from suburban New Jersey to Beijing where they spent three and a half years watching Chinese, Western and other cultures live side by side. (more…)

Financial Freedom, Part Two: Setting Your Money Goals in Motion

Friday, January 8th, 2010

 When setting goals for most situations, such as your career, you first set short-term goals that support long-term goals. With personal finance, you want to look at your goals more or less in reverse order.

First, you need to determine where you want to be financially during your later years of life, such as when you reach retirement and are no longer earning money from your career or business. Then, you should allow these long-term goals to drive your goal setting for the near term. (more…)