“Debt is one person's liability, but another person's asset.” -Paul Krugman, American Economist
By Kathy Longo, CFP®, CAP®, CDFA
Sunday, 17 February 2019
We hear it all the time, everywhere, that Americans have too much debt. The debt of individuals 65 or older has risen 48% between 2003 and 2015.[i] The student loan debt hit $1.53 trillion in 2018.[ii] Americans now also have the highest credit-card debt in U.S. history with over $1 trillion owed.[iii] Considering that household debt hit a record high of $13.5 trillion[iv] you can see we are dragging a lot of debt around with us. What’s important to remember is that not all debt is created equal. In fact, some debt may be good.
Kathy Longo Shares Her Expertise With Barron's
Thursday, 10 January 2019
Always an advocate for open conversations around money and financial planning Kathy Longo recently shared her expertise with Barron's for their article, How to Talk to Your Family About Money.
Wednesday, 12 December 2018
Kathy Longo shares her thoughts on the reasons and the importance of women having their own financial plan instead of letting a spouse or partner handle all of the financial arrangements.
Head over ValueWalk to find out Kathy's advice for women trying to build an independent financial plan.
Wednesday, 14 November 2018
Communicating about money and finances can be very emotional because one must be vulnerable and open about their strengths, weaknesses, challenges, successes, and failures with money. One must also let go of judgment to truly have an open and honest discussion about financial decisions and their impact on life.
Head over to Investopedia to see Kathy's tips for having productive, constructive, and effective financial conversations.
By Kathy Longo, CFP®, CAP®, CDFA
Wednesday, 26 September 2018
Once thought to be the exclusive arena of the ultra-wealthy, charitable giving has become a national phenomenon across all tax brackets and households. In fact, charitable giving surged to a record high of over $400 billion in 2017 alone, and Individual giving accounts for the majority of those donations.
Philanthropy and giving are not only good for the charities and organizations receiving the donations, but for the givers themselves. Research has shown that charitable giving can help you feel better, improve life satisfaction and even activate the reward centers of your brain. [ii]
