6 Major Sources of Financial Aid

By Guest Blogger: Jodi Okun, Founder of College of Financial Aid Advisors

The cost of financing a child’s college education can be daunting to many families. Generally the family is the source of the primary support; however, financial assistance does exist.

The federal government administers six major financial assistance programs. Three of these programs are direct assistance programs, with the assistance going directly to the student. The other three programs are administered through the college that the student attends and funds are sent directly to the college, which in turn dispenses the money to the student in accordance with federal guidelines. (more…)

Envisioning Retirement – OMG, What if You Live to Age 100 (or Older!)?

Average life expectancy in the US has increased by 1 ½ years in the first decade of the 21st Century (2000-2010), with fully 2% of the population living to 100 years old or longer (US Census Bureau 2008). With average life expectancy nearing 80 years and climbing, planning for retirement has become more critical than ever, as you may live a third of your life after working (more…)

Defining “True Wealth”

By “how much is enough?,” I mean the amount that will allow you to stop driving so hard professionally should you choose to do so.  I mean the amount that will allow you to feel safe, the amount that will compensate for risking hard-won relationships, the amount that will affirm your feeling good, smart, successful, accomplished, in control.

Pamela York Klainer
How Much is Enough?

How much is enough?  What does this mean to you?  As author Pamela York Klainer explains, “The question is deceptively simple, but the answer is critical to integrating money with other aspects of your life and finding happiness.” (more…)

The Power of Purpose

In Drive: The Surprising Truth About What Motivates Us, bestselling author Daniel Pink presents some of the most compelling and useful research in the field of in human motivation.  One section, “The Good Life,” is particularly enlightening in regard to how we as individuals establish and pursue our life goals. Pink makes the point, and science confirms, “Satisfaction depends not merely on having goals, but on having the right goals.”

One of the studies that Pink cites asked a sample of soon-to-graduate college students about their life goals and then followed them early in their careers to assess their progress and well-being. The students’ goals were categorized as either “extrinsic aspirations” or “intrinsic aspirations.”  Becoming wealthy or achieving fame are examples of extrinsic motivators and labeled “profit goals.”  In contrast, learning, growing, and helping others are examples of intrinsic motivators and labeled “purpose goals.” (more…)

Gift Cards That Make A Difference

Traditionally, we recognize, commemorate, and celebrate special occasions, milestones, and holidays with gifts.  However, many individuals are looking for meaningful alternatives to giving and receiving more “stuff.”

If you are one of those looking for a different kind of gift, consider making a donation in the name of the individual, couple, or organization that you want to honor.  In addition, in lieu of receiving gifts, you can request a donation to a cause that is near and dear to your heart.  The concept of alternative gifts is growing in popularity, and a number of online resources are available to assist you in making this type of charitable donation. (more…)