Financial Living Blog

Saving Money Is a Learning Experience

Feb 5, 2020 8:11:29 AM

Business transactions can feel uncomfortable when there is an imbalance of knowledge between you and the person providing the product or service. If you know nothing about cars, you can’t help but feel suspicious when a mechanic recommends unexpected repairs. Unfortunately, some people try to take advantage of that discrepancy to enrich themselves at your expense.

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Named by Forbes as Best-in-State Wealth Advisors for Michigan

Jan 30, 2020 12:13:58 PM

For the second year in the row, Advance Capital Management advisors Michael Hohf and Jeffrey Lido have been named to the Forbes Best-In-State Wealth Advisors list for the state of Michigan.

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Paying Off Debt Starts with Knowing Why

Jan 28, 2020 3:44:49 PM

Debt is as American as apple pie, found in households of all shapes, sizes and incomes. It is a part the financial lives of both the rich and poor as well as the working and retired. Given debt’s many harmful effects, what can you do to best manage it? The answer may lie in understanding what propels you to borrow in the first place.

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The Perfect Financial Plan

Jan 13, 2020 3:30:44 PM

Something we emphasize when meeting with new clients is that their financial plan is dynamic. The goal is to continuously work toward or preserve the life you want. So, it changes as market conditions, government policy, economic factors and personal financial conditions make it necessary to change. It changes as your life changes. In other words, it is never perfect.

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Top Financial Living Blogs of 2019 for the New Year

Jan 3, 2020 12:14:33 PM

As we enter 2020, we would like to start off the new year by expressing our gratitude to everyone who has enjoyed Advance Capital’s Financial Living Blog. It was one of our best years yet, with well over 100,000 readers. Without the support of readers like you, none of this would be possible.

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Answers to Your SECURE Act Questions

Jan 3, 2020 11:03:06 AM

When planning for your future, you should focus most on the factors you can control. But you still must be mindful of those factors out of your control, one of which is government policy.

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Transformative Power of ‘Framing’ on Your Money – and Life

Dec 23, 2019 2:29:13 PM

The happiness we feel about our money, work, relationships, life in general, isn’t derived by only what happens, but also how we perceive what happens.

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Smart Ways to Use Taxable Accounts for Retirement and More

Dec 19, 2019 9:27:52 AM

How significant are a few additional steps?

For an elite marathoner, a few inspired steps can be the difference between a respectable time and a first-place medal. For a politician, a few more hands to shake and babies to kiss can be the difference between elected official and also-ran. For an architect, a few more feet can be the difference between tall and tallest in the world.

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Surviving a Recession

Dec 5, 2019 10:01:15 AM

72 hours.

That is the sufficient quantity of disaster supplies the Department of Homeland Security recommends having on hand in case of an emergency. After an emergency occurs, it could be hours or even days for first responders to reach you.

Fortunately, in most cases, such as hurricanes and blizzards, people are given some forewarning of what’s coming and when. You have time to prepare. But what if you are in the middle of potential trouble and don’t know it yet?

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The Positive Effects of Gratitude on Your Financial Life

Nov 27, 2019 9:27:45 AM

From Thanksgiving to New Year’s Eve, expressing gratitude is a year-end tradition. But what if you were to make giving thanks a daily routine throughout the year, every year?

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