fbpx

Honey Lake Advisors Blog

Debt

Student Loan Forgiveness Programs

  Student loans can be hard to get rid of. Unless you die or become disabled, the ONLY ways you can get rid of your student loans is to either pay them off or have the loans forgiven. Many students are graduating with crippling levels of student loans. The...

Read More
Financial Basics

Are Emergencies Holding You Back?

  Over the last two weeks, I’ve written about how to create your IDEAL financial scenario. How much would you be saving and giving if you could snap your fingers and do it today? How much, exactly, SHOULD you be saving? This week I want to look at one of the...

Read More
Financial Basics

What’s Your IDEAL Savings Goal?

  Are you satisfied with the state of your family’s finances? Many of us aren’t. “Money issues” are often cited as one of the biggest causes of stress in our lives and marriages. Last week I started a 4-part series I’m calling “What’s Your IDEAL Scenario?” My...

Read More
Financial Basics

What’s Your IDEAL Scenario?

  Have you ever taken a family vacation by throwing a dart at a map and hopping into the car to go there? Of course not. Yet this is exactly what many people do with their family’s finances. And it’s why so many families are stuck. Living paycheck-to-paycheck...

Read More
Debt

So You Have Student Loans. Now What?

    Do you have student loans that you’re trying to repay? You’re not alone. As of December 2018, total student loans outstanding reached $1.57 trillion. Yes, TRILLION. To put this into context, there is $1.0 trillion of credit card debt outstanding and...

Read More
Biblical Stewardship

How Do You Want To Be Remembered?

  Generosity can be a challenging subject to talk about. In fact, I’ve re-written this post a half dozen times this week trying to write it in a way that’s impactful for you, the reader. Yet talking about generosity and encouraging you to be generous is what...

Read More
Retirement

The High Cost of Healthcare In Retirement

  Last week I talked about using Health Savings Accounts (HSAs) as another form of retirement savings account. The reason is that HSAs enjoy a "triple-tax" advantage that other accounts don't enjoy. The question is: How can you figure out your healthcare costs...

Read More
Investing

Investing Terms: Target Date Funds

  The last few weeks we've been in a series called “Investing Terms.” I’ve gone over the key reasons why you want to be investing your money for your future goals. And last week, I talked about “asset allocation” - what it is, and why it’s important. This week...

Read More
Investing

Investing Terms: Asset Allocation

  I argued last week that investing is an important part of reaching your financial goals. There are two reasons for this. You need to overcome the burden of inflation, and you need to allow your money to “work for you” over the long-term. The natural next...

Read More
Retirement

How Much Social Security Will You Receive?

  Will Social Security be there when you retire? Depending on your age, your answer might range from ‘absolutely’ to ‘not a chance.’ The reality is that Social Security is very important to your retirement future. Statistics bear this out. They show that half...

Read More
Retirement

Retirement Planning First Steps

  Tell me if this sounds familiar. You want to learn something new so you open up Google and start searching for how to do it. You skip by all the beginner 101-type posts and go right for the expert-level information. You think to yourself, "Why waste time...

Read More
Estate Planning

The Importance of Estate Planning

  Estate planning is one of the most overlooked concepts of personal finance. There are any number of reasons for this, but I think for most people, the reasons boil down to one of two things: A) people don’t like to talk about what happens when they die, or...

Read More
Budgeting

New Cars Can Be Costly!

Unless you live in a city, owning a car is almost as essential as having a place to live. In fact, buying a car is normally the second biggest expense we incur in our lifetimes behind buying a home. Many of us – myself included back in the day – love the idea of...

Read More

CONTACT INFORMATION

Phone: 224-633-9290
[email protected]
431 North Hough Street, Suite 100 in Barrington, IL
(Office Hours by Appointment Only)

Serving clients in local communities, such as Arlington Heights, Barrington, Buffalo Grove, Lake Zurich, Libertyville, and the Greater Chicagoland Area. We also provide virtual services to clients nationwide.

GET YOUR FREE FINANCIAL FITNESS CHECKLIST