Internationally-known daredevil Karl Wallenda earned his fame by performing acrobatic acts high above the ground — without a safety net.
For years, Wallenda had performed his dangerous stunts countless times without incident, but on March 22, 1978, his luck finally ran out. While walking 121 feet above the pavement on a high-wire stretched between two towers of a Puerto Rico hotel, an unfortunate combination of improper rigging and strong wind gusts
Continue reading 9 Important Tips for Managing Financial Risk
Most folks are really good about making sure they have the proper amount of insurance for their home and automobiles. But when it comes to ensuring the survival of their family in rough economic times, well … not so much.
I recently explained why I believe an economic collapse is inevitable and what it would look like.
If history is any guide, the good news is that economic collapse won’t result in
Continue reading Economic Collapse 101: Ten Ways to Prepare for the Unknown
Although we refuse to admit it, everybody is occasionally guilty of holding on to things a little longer than they really should.
I often question the Honeybee’s motives regarding her proclivity to keep around old birthday cards and our kids’ elementary school papers. If you’re interested, I’m sure she can show you the very first perfect score Matthew ever received on a spelling quiz he took in kindergarten. Never mind that
Continue reading How I Know When to Drop Collision & Comprehensive Auto Insurance
The 1906 San Francisco earthquake showed why it's a bad idea to build brick and masonry buildings in an earthquake zone.
Early last month my then-12-year-old daughter Nina had her nerves frayed by three magnitude 4.5 earthquakes that struck Southern California over a two-day period.
Although the three temblors were extremely modest by Southern California standards, the epicenters were roughly five miles from our home — which meant we were among
Continue reading All Shook Up: The Pros and Cons of Earthquake Insurance
As this penny illustrates, even the United States Mint occasionally makes money mistakes.
I’m not ashamed to admit I’ve made more than a few mistakes in my lifetime. After all, everybody screws up occasionally; for us humans, mistakes come with the territory.
For example, I remember the time I decided it would be great fun to play Wii golf for eight consecutive hours. So I did.
Unfortunately for me, my middle-aged left
Continue reading The 50 Biggest Money Mistakes Household CEOs Make
Not too long ago I was speaking with someone who told me she got pulled over by a cop on her way to work.
Of course, I offered up the obligatory sympathy. “Bummer,” I said. “What did he write you up for?”
“Oh, I didn’t get a ticket,” she said matter-of-factly. “He clocked me doing 57 in a 45 zone, but he let me off with a warning.”
I couldn’t believe it. “He
Continue reading How Much Will a Ticket Raise Your Insurance Rates? It Depends!
While most people strive to keep their car insurance deductibles as low as possible, the downside is those deductibles result in higher premiums. But for folks who drive limited miles, safe motorists, and those who drive older vehicles that have lost most of their value, it usually makes sense to get the highest deductible one can reasonably afford. That’s because higher deductible policies offer lower premiums that, over time, can
Continue reading 100 Words On: When High Car Insurance Deductibles Make Sense
Those who fail to plan, plan to fail. And like it or not, planning for the unexpected by being properly insured is a big part of being financially responsible. That’s because people who try to save a few bucks by not buying insurance can quickly end up in severe financial distress if bad luck befalls them.
The trouble is, for a lot of folks, buying insurance can be a complicated endeavor.
Continue reading 18 Tips to Consider Before Buying Auto, Home & Life Insurance
Nobody likes a big mouth.
At least that’s what I used to think.
My teenage son, Matthew doesn’t have a big mouth — although I wish he did.
That’s because most big mouths have one particular virtue that makes the rest of us extremely envious: they usually get to keep their wisdom teeth. As a result, they — or their parents — also end up avoiding those dreaded dentist bills for their removal.
Continue reading The High Cost of Getting My Son’s Wisdom Teeth Removed
Smart financial planning involves taking the time to make sure that the family’s assets are maximized to their fullest extent and protected. One of the ways that you can make sure that your family is protected in the event of an emergency is by purchasing a life insurance policy. Life insurance will provide coverage and help to prevent financial hardship for the surviving family members.
Let’s take a look at the
Continue reading The Difference Between Whole and Term Life Insurance