Monthly Archives: July 2018

How to Recognize a Ponzi Scheme

A Ponzi scheme is a fraudulent investment. The organizers of the scheme do not invest your money in something with intrinsic value. Instead, they pay you a “return” with the contributions of new investors. Ponzi schemes received their name in the 1920’s after Charles Ponzi was convicted of running this type of business. Despite all the knowledge we have of previous Ponzi schemes, they continue to defraud people from all walks of life. We are even seeing a new waveRead More

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Credit & Debit Cards to Use Abroad

Are you traveling abroad this summer and unsure which of your “plastic” you should bring with you? Travel is already a luxury but it can get even more expensive when each purchase is racking up additional fees. Recently I went to Asia and did some research of my own. Hopefully, this will help you decide which of your cards you should bring, what fees you should know about, and when to use a debit card versus a credit card. CreditRead More

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Ask Linda: Which type of life insurance should we buy?

Dear Linda, My husband and I need life insurance. Should we purchase a Term Life or Whole Life policy to protect our young children? Please explain the difference. Underinsured Uma Dear Uma, The purpose of life insurance is to protect those who are dependent on your income in the event of your death. A dependent can be a spouse or a young child, but it can also be a sibling or a parent whom you help financially. While there areRead More

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PWR’s Cash Flow System

To take control of your financial life, you have to be organized, and the most effective tool for this is a budget. We created the PWR Cash Flow System to help our clients and readers get started with an easy-to-use solution to track their spending. Start by downloading the excel found here on our downloads page. You can also watch a video on how to use this sheet on our YouTube page. The excel file has three tabs shown atRead More

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