"Silver and Gold! Silver and Gold! How do you measure its worth? Just by the pleasure it gives here on Earth!" - Sam the Snowman from Rudolph the Red-Nosed Reindeer I can’t help but think about Cornelius the prospector from the Rudolph movie when people ask about...
money
Basic Investing Building Block #3
How can you reduce investment risk? Diversification! Diversification in investing is a technique whereby you allocate your money in different financial instruments, industries, etc. By doing so you reduce your risk by limiting your exposure to any single company....
Basic Investing Building Block #2
Investing can be complicated to the average “Joe or JoAnn.” However, having just the simplest knowledge of what it is and how it works can help you manage your money with confidence. Let’s break it down in a way that makes it easier to understand. This is the...
Basic Investing Building Block #1
This is the first in a series of postings where the focus will be around investing. We will touch on some of the core building blocks of investing. It may be a reminder for many of you or new to some, but if you find these useful, please share it with others. Whether...
WBIR: Claiming the money you have left behind
If you have moved in recent years, is it possible that you left some money behind!? Millions of dollars are turned over annually to the Tennessee Department of Treasury’s unclaimed property division when owners cannot be located. Paul Fain, President of Asset Planning...
WBIR: Handling Finances on Vacation
If you ever have the opportunity to travel abroad, such as a visit to Europe, how should you handle money…cash or credit card? What about exchange rates? And security? Paul Fain, president of Asset Planning Corporation, joins us with some international travel tips for...
America Saves Week: Saving as a Family
Get your family involved with your saving plan by brainstorming ways to cut expenses in order to free up money to put toward your saving goals. Explore low- and no-cost activities you can do together as a family. Consider selling rarely used books, toys, clothes and...
WBIR: Super Bowl Money
Let’s have a little fun – can the winner of the Super Bowl game predict the stock market’s next move? Well, the “Super Bowl Indicator” is a superstition that says that the stock market's performance in a given year can be predicted based on the outcome of the Super...
WBIR: Financial Literacy for All
One of the greatest gifts you can give your children or grandchildren – all year long -- is Financial Literacy, a basic understanding of money management. Certified Financial Planner Paul Fain explains some age appropriate ideas for you to share with your children in...
Sunday Money: Protecting Online Accounts
WBIR: Cybersecurity poses a massive threat to all of us – consider the recent “WannaCry” ransomware attack. But most people have no idea what to do or how to fix it in a meaningful way. Certified Financial Planner Paul Fain joins us again this morning to talk about...