Ask Peggy How to Whisper Sweet Nothings About Money
Valentine’s Day brings thoughts of flowers, chocolate hearts, and candlelit dinners. You probably aren’t thinking about budgets and investment portfolios! However, money issues are a leading cause of relationship stress. As a result, good communication skills about finances may not seem romantic, but they help you create a solid foundation for your life together. Here… Read More
Ask Peggy Why We Eat Black-Eyed Peas on New Year’s Day?
Especially if you live in the south, black-eyed peas are always part of the meal on January 1st. We eat them for prosperity in the coming year. The origins of eating black-eyed peas for luck on New Year’s is somewhat unclear. However, we know the practice goes back as far as 500 A.D. when they… Read More
Ask Peggy How to Avoid Investment Nightmares!
Thinking about your investments can give you nightmares. Most people focus on events that impact their daily lives, giving their financial situation hardly a thought. Then, something happens—an event that makes them look at their investment decisions directly. The results can be frightening. Do you dread seeing the envelope of your 401(k) or IRA statement?… Read More
Ask Peggy About Term or Whole Life Insurance
Have you ever heard the financial phrase, “Buy term and invest the difference?” It’s a common saying, and sometimes, it’s great advice. However, like all financial issues, the decision is a little more complicated than it might look. Let’s start by reviewing the advice. The recommendation is to purchase term life insurance rather than whole… Read More
Ask Peggy How to Pay for Education Costs
Can you believe how quickly the summer is coming to an end? It seems like just last week, my family and I were watching 4th of July fireworks, and making homemade ice cream! Now, back to school activities are top priority in everyone’s mind. Here in Norman, OK, heading back to school reminds us that OU… Read More
Ask Peggy How to Protect Your Retirement Against Storms
I love to fly. On a clear day, flying over the green and brown quilt of the central US reminds me how much we rely on our farmers. Shiny ribbons of rivers meandering across miles, the snow of mountains gleaming bright against the rocks, and the gaping scar of the Grand Canyon are images you… Read More
Ask Peggy How to Plan for Natural Disasters
If you live on the plains, like I do, you are used to bad weather. Oklahomans keep an eye to the sky, and we flip the radio or television to a local station if the horizon begins to darken. If you live near the coasts, you might have more time to plan, but the widespread… Read More
Ask Peggy about the Best Valentine’s Day Gift Ever!
Forget the flowers, candy, and teddy bears. What you and your love should share this Valentine’s Day is a heart-to-heart conversation about money. Wow—what a buzzkill! Maybe, maybe not. Did you know financial discord is the leading cause of divorce, destroying relationships even worse than infidelity? To keep this from happening to you, here are… Read More
Ask Peggy How to Turn a Financial Dream Into a Financial Goal
Fifty-six years ago, Martin Luther King Jr. delivered his iconic “I Have a Dream” speech, and next week, we are celebrating both the man and his message. Dreaming is important. Much of our focus originates in the dreams we have—getting a job, owning a home, or having a prosperous life. However, building a strategy around… Read More
Don’t Let Finances Make You a Humbug!
by Peggy Doviak, CFP® Do you approach the holidays with a “Ho, ho, ho,” or a “Bah, humbug”? No doubt December can be a stressful month. It seems like the time between Thanksgiving and New Year’s Eve is a nonstop cycle of events, expectations, and expenses. But you can break that cycle. This year, give… Read More
Ask Peggy Why Prosperity Doesn’t Involve Keeping Up with the Hemingways or the Joneses
You just learned your friend is working with a literary agent. You’re thrilled for her, but do you feel less successful because you are still struggling with your first novel? Or maybe you are proud to have released one book, but then you meet someone at a conference who recently had a tenth publication. Are… Read More
Ask Peggy Why Walkers and Canes Don’t Come With Buckets
I knew it was going to be a long weekend when I heard water rushing in my garage. Yes, it was raining hard outside, but this sound was definitely coming from inside. I looked around without luck and finally opened the storm cellar door. Our tornado shelter had become a hot tub! No longer cool… Read More