Category: Wealth Management

Credit Scores: How to Build Credit

Credit Scores: How to Build Credit

Good credit scores are beneficial for securing loans and mortgages with the lowest possible interest rates. This three-digit number reflects your trustworthiness to lenders based on various factors in your history. Since the credit scoring system protects both you and...
Budgeting Basics

Budgeting Basics

The mindset of proper budgeting isn’t about magically avoiding debt, but it’s about responsible money management and discipline. Similarly, budgeting is not a sign of defeat nor shame, but it’s a preventative measure against financial distress. The crucial step toward...
Thinking Ahead: Long-Term Care Options

Thinking Ahead: Long-Term Care Options

While often overlooked, long-term care planning can be among the most crucial elements of a comprehensive financial plan. Exploring the various types of long-term care with a financial planner helps create informed decisions that align with unique needs and...
Personal Debt and How to Get Out of It

Personal Debt and How to Get Out of It

Personal debt is used in economics to relay the outstanding debt of consumers. Personal debt is primarily amassed through consumption and not investment. In the United States, the average amount of debt per U.S. adult amounted to $58,604 in 2023. The total personal...
How Does GDP Measure the Economy?

How Does GDP Measure the Economy?

Gross domestic product (GDP) is the market value of all finished goods and services produced in a country. As a widely accepted comprehensive economic evaluation measure, economists consider it one of the most accurate representations of economic performance....