The subject of income tax is one that is getting a lot of buzz these days as the government desperately looks for revenue, and this administration – unlike that of say, Ronald Reagan – is choosing to use the strategy of increasing taxes as their preferred remedy for the problem instead of lowering taxes to pump more energy into the economy and thereby grow a larger tax base. So, when you think about your own income tax situation and the various strategies that are available to you to reduce... Read More

Every person should own life insurance regardless of whether you have a family, or are independently wealthy. Why? Because unlike any other financial instrument ever devised by man, life insurance allows you to do this: (1) Pass money to your beneficiary, (2) immediately upon your death, (3) and… by costing less money than what the amount of life insurance will actually pay out. For example, let’s say you are an unbelievably wealthy 80 year old and you want to pass on... Read More

There is an underlying sentiment in the Christian community that is at odds with the idea of gaining wealth. This is a myth that needs busting. Jesus talked a lot about money and money was at the center of a number of Biblical events. For example, the only time we see Jesus vent his anger is when he grabs a whip and chases the money changers out of the temple – his father’s house. He also tells the rich man who approached Jesus about being a disciple that he first... Read More

It is NOT true that mutual funds are always your best investment option, even though some in the financial media present them that way This is seriously misleading and those who don’t get the truth may have their life dreams seriously imperiled, so pay attention. How many times have you heard a radio personality, a so called financial guru, tell you that all you have to do is invest in mutual funds and you’ll get a 10% or 12% return? Goodness gracious, there are so... Read More

Although the evidence is irrefutable and overwhelming that gold, precious metals and hard assets in general WILL increase overall return AND reduce risk in a properly devised investment portfolio, there are still some out there who have this myth that gold is not a good investment. I actually heard one such so called investment guru read an email from a listener who simply asked if gold was a good investment and be called “stupid!” Can you imagine? I was driving in my car... Read More