“In some ways it’s a tale of two cities. While a number of Americans have been able to pay down their credit card debt during the pandemic, some people are really struggling because they’ve been laid off or have had their hours cut.” Bruce McClary, spokesman for the National Foundation for Credit Counseling (NFCC), interviewed by Daniel […]
Archive | Quote of the Week RSS feed for this section
Quote Of The Week: Thanksgiving Gratitude
“I count my blessings far more than I count my money.” — Dolly Parton Dolly Parton grew up poor in rural Appalachia and has become a beloved country music icon, actress, philanthropist and businesswoman, founding the theme park Dollywood in Pidgeon Forge, Tennessee. Inspired by her father’s inability to read and write, Dolly started Imagination […]
Quote Of The Week: Tropical Storms Remind Us Why We Need Flood Insurance
“Tropical Storm Eta’s record rainfall left behind flood-damaged homes across South Florida. And it also left behind a stark reminder that your property insurance policy may not have you covered.” “A lot of people don’t know that their homeowner’s or renter’s insurance doesn’t include flooding,” says Logan McFaddin of the American Property Casualty Insurance Association. […]
Quote Of The Week: How An Emergency Fund Can Boost Your Financial Confidence
“An emergency fund can boost peace of mind and financial confidence in long-term goals. In a report conducted by AARP, people with emergency funds felt 2.5 times more confident in their ability to achieve their financial goals than those who did not.” Christine Benz, “What the Coronavirus Means for the Future of Financial Planning,” Morningstar, October 13, […]
Quote Of The Week: Where To Get Help Managing Your Retirement Money
Many people approaching or in retirement feel they need help managing their nest egg so it lasts throughout their entire retirement. Here’s a great Q&A with financial columnist Linda Stern (AskLinda@aarp.org) from this month’s AARP Bulletin, explaining why it’s so important to rely on a CERTIFIED FINANCIAL PLANNER™ professional who is a fiduciary. Question: […]
Quote Of The Week: The Coming Childcare Crisis
“There are upward of 45 million working parents with children under 18, and most of them are in jobs that can’t be done from home. Without in-person school, many parents will be forced to choose between working and supervising and caring for their children. Many will choose the latter.” Justin Lahart, “Beware of Complacency on […]
Quote Of The Week: The Risk Of Surrendering To Cash
“While it might feel safer going to cash when markets are volatile, cash positions don’t work like they used to. If you went to cash during the 1987 stock-market crash, you were still making 4.75% to 5.5% interest. If you had gone to cash in the dot-com crash you were making around the same—3.5% to […]
Quote Of The Week: Amazing Advances In Life Expectancies
“Four million years of evolution extended average life expectancies by 11 years. But over the last 120 years alone, we’ve extended life expectancies on this planet by an additional 40 to 42 years. We sometimes forget that 50% or more of all economic growth in the world can be attributed to public health and medical […]
Quote Of The Week: Cash May Be King, But It Isn’t Earning Anything
“Over the past two months, households have understandably wanted to boost their cash holdings to wait out the unprecedented volatility of the first quarter and the fear of lost wages.” “But while holding cash can be reassuring for households needing to meet short-term obligations, it can be detrimental to investment portfolios when it isn’t earning anything. And with […]
Subscribe to FREE Updates
Stay informed about financial planning and investing issues that impact your life today and tomorrow! (we respect your privacy)
About Mari Adam, CFP®
Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for twenty five years. Mari has appeared in publications such as Business Week, CBS MarketWatch, Wall Street Journal, Kiplinger’s, Newsweek, and Money Magazine.
