Tag: Advice

On the Job Training

Dear Dave, I’ve been in sales for 15 years. I love my job, and I love my company. Our business wasn’t affected as much as some during the pandemic, but my numbers have become stagnant. They’re still good, but I feel I can do better. Do you have any advice for someone who wants to…


Fueling Your Body Is Key to Fueling Your Business

Article by Dr. Jerry Bailey Few entrepreneurs are aware of how their diet affects their mental health along with how the foods they eat mitigate their ability to handle stress. Over the last few years, our collective mental state has declined immensely from isolation in quarantine and the poor choices in foods we have been making….


Put Your Education First

Dear Dave, I’m 19, and I’m about to finish up my first year of community college. I have enough money through scholarships and help from my family to get a bachelor’s degree. After that, I plan on going to law school and cash flowing that part of my education. I’ve already started a Roth IRA…


Converting Your Business Into a Nonprofit

“My wife and I have been running a for-profit service business for the past 10 years. “We have recently learned that our business may qualify as a nonprofit organization, as we frequently provide our services for free or at an extremely low cost to people who can’t afford them. “We’re looking to retire shortly and…


When the Wife Is the Primary Breadwinner

Every Social Security rule I can think of is gender-neutral. In other words, the same laws apply to men and women equally. But society hasn’t always been gender-neutral. We’ve all heard the statistics: Men tend to make more money than women. And because Social Security benefits are based on lifetime income, men end up getting…


Planning for Retirement: 5 Smart Savings Strategies when Inflation Looms Ahead

The Consumer Price Index (CPI) is often used as a standard way to follow inflation. It measures the average change in prices from one year to the next. When the CPI increases, it’s a sign that overall living costs are on the rise. In May 2021, the CPI for all items increased 5 percent before…


Keep the Homeowner’s Insurance

Dear Dave, Recently, I made a claim on my homeowner’s insurance for hail damage. It was my first claim ever. Since I’m retired and completely debt-free—including my home—and have over $1 million in the bank, is homeowner’s insurance still a good idea? The house is insured for $250,000, with a $5,000 deductible, and the insurance…


5 Savings Mistakes to Avoid During Times of Inflation

Inflation has an impact on your money over time, including what you can buy with the dollars you have. Given this, it can be worrisome if high inflation looms on the horizon. Should you stop saving if your funds won’t have as much purchasing power later? Or should you save more than before? As you…


When Is the Best Time to Sell Your Home?

This question comes up at least once a week: People always want to know when the optimal time is to sell their home. The best time is when inventory is exceptionally low and demand is exceptionally high. It all goes back to supply and demand. When there is strong interest and very little to choose…


File a Social Security Claim to Protect Your Rights

I frequently hear from readers who tell me that they contacted the Social Security Administration with the intention of filing for Social Security benefits of one kind or another and then were either told they weren’t eligible for any benefits or were just otherwise talked out of filing. Of course, sometimes that is good advice….