Ask The Financial Doctor with Chuck Price

Measure Twice, Cut Once

There's an old adage in the construction world: measure twice, cut once. Otherwise, pipe connections leak, electrical connections fail and houses fall. Now, I don't consider myself a handy person by any stretch of the imagination but I do know my way around some common power tools. And although it's probably safest for me to "outsource" home projects, I have completed a few on my own. I can't even tell you how many times measuring twice has saved me from disaster. [...]

Teaching Our Youth The Value Of Saving

Over the years, we've have covered many topics in this column that we feel are important to our youth, including the benefit of saving money, the value of creating a budget, managing risk, and the importance of creating a financial system. [...]

What Is Your Inflation Rate?

Their current combination of CDs and a splattering of outdated buy-and-hold mutual funds will not get them to their goal, since there is no inflation hedge. I explained that while certain investments might seem to give a decent return, when you build inflation into their current investment model, it actually shows a loss of purchasing power over time. [...]

Looking Beyond The Fiduciary Stamp Of Approval

This new rule paints the industry with a broad stroke and it's your job to dig through the details and find out what your advisor is required to do, and if they are the right advisor for you. In order to help you folks do that, I thought we would take the time we have together this week to suggest some questions to ask that may help you through this discovery process. [...]

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