Waddell Financial Coaching

Waddell Financial Coaching Bob Waddell is a native of Northern Virginia and has worked as a professional recruiter for over 10 years. For the last 3 years he has been facilitating Financial Education classes based on Dave Ramsey's books at CrossCurrent Ministries in Ashburn,VA

Once again it has arrived!  The offer that you  can't refuse.  They usually send something like this once a year.  It's ...
03/14/2019

Once again it has arrived! The offer that you can't refuse. They usually send something like this once a year. It's an offer for guaranteed Natural Gas billing price. The offer to me this year is $161 per month or $159 per month if I sign up for two years. My last months bill was $313 for the month of February, so that's a great deal, right?? Well, February is usually the most expensive month of the year for my gas bill. But, what's the average monthly cost to me, since I don't run my furnace in the summer time. Last year my monthly average was $126 per month. The highest monthly average that I've paid in the last 10 years was $133 per month. So, for $159 per month, I'll have to pass! This is a sucker's deal, don't fall for it!!

01/22/2019
PragerU

Great Reminder:

What’s the difference between America’s millionaires and the rest of us?

I try to look out for shady Financial deals when they come my way just to post about them.  I haven’t seen anything to...
09/25/2018

I try to look out for shady Financial deals when they come my way just to post about them. I haven’t seen anything too out of the ordinary for a while, but I got one today! Today’s terrible offer comes courtesy of Unison, not to be confused with Unisom, the sleep aid!

Unison is offering a new program to help homeowners with their debt. Here is how it works. They ‘loan’ you up to 20% of your home’s value. You pay a 3.9% loan origination fee. Then you can keep the loan open for up to 30 years or until your sell your house. You don’t have to make any payments on it and there is no interest charge for the money! Sounds great, right? Here’s the catch. When you sell your home or decide to pay off the note, they charge you 35% of the appreciation of your home from the time you initiated the loan until you sell it or pay off the loan.

Here’s an example from their website. Say you own a $500,000 home and borrow 20% or $100,000. You can keep that money with no payments for 30 years. However, when it comes time to sell your home then you owe them the $100,000 plus a percentage of the appreciation on it. In their example the house appreciated by $100,000, so you would owe an additional $70,000 on top of the loan of $100,000 for a grand total of $170,000. Of course they’re banking on the housing market appreciating even more than that. What if your house goes up $200,000. That means you would owe them a total of $240,000 for a $100,000 loan.

The bottom line is that you are trading off the equity in your home for a short term debt that you don’t have to pay. This is a suckers deal for anyone! Don’t do it!!!

08/27/2018

I am leading a class for Financial Peace University on Wednesday nights starting on September 12 at 7:00 pm at Gateway Community Church in South Riding, VA. Please contact me if you would like to attend or know anyone else who would!

03/07/2018

Are you looking to buy or sell your home in Loudoun, Fairfax, Prince William or Faquier Counties or do you know someone who is? I would like to be your Realtor for your next transaction. Licensed VA Realtor with ERA Teachers. PM me for details.

Are you going to use a Tax Pro to file or will you do it yourself?  Here's a tool that will recommend which way to go:  ...
02/01/2018
February Challenge: Knock Out Your Taxes

Are you going to use a Tax Pro to file or will you do it yourself? Here's a tool that will recommend which way to go: https://www.everydollar.com/blog/prepare-your-taxes-early?utm_source=newsletter&utm_medium=email&utm_content=everydollar_challenge&utm_term=everydollar_bu&utm_campaign=tax_campaign_2018&cd17=b2c_ED_02_Challenge_180201

While filing taxes isn’t exactly known for being fun, settling with Uncle Sam doesn’t have to be complicated. In fact, you can be ready to file in three easy steps!

01/23/2018

Your Paycheck should be going up soon! The Federal Government has given employers until February 15th to implement new tax withholding tables. Do you have a plan for that additional income??

08/16/2017

I am going to be hosting a class for Financial Peace University coming up in October. The classes will be on Thursday nights starting the first week in October through the first week of December. We will host them at the brand new Gateway Community Church in Aldie, VA. Let me know if you would be interested in joining!

02/17/2017
Waddell Financial Coaching

Waddell Financial Coaching

I keep a running tally of my investment accounts year over year, that is retirement investment accounts plus my kids college funds. I also started keeping a calculation of my Real rate of return, that is my actual percentage growth for all of my investments. I discount the money which I put in via 401Ks and IRA, and also account for any money that I remove as well. I know it’s an approximation, since I contribute to certain investments regularly throughout the year, like my 401k and others just once. However, I think it is a good number to look at. I have kept this number for the last 6 years starting in 2011. During that time I was down; negative for 3 out of 6 years, while during the same period the DOW was only down one year; 2015. However, my average return for those 6 years was 12.6% while the DOW averaged 9.7%. I am very happy with my returns in that time. Does anyone else track these sorts of numbers? I am very curious to hear how everyone else has done.

02/17/2017

I keep a running tally of my investment accounts year over year, that is retirement investment accounts plus my kids college funds. I also started keeping a calculation of my Real rate of return, that is my actual percentage growth for all of my investments. I discount the money which I put in via 401Ks and IRA, and also account for any money that I remove as well. I know it’s an approximation, since I contribute to certain investments regularly throughout the year, like my 401k and others just once. However, I think it is a good number to look at. I have kept this number for the last 6 years starting in 2011. During that time I was down; negative for 3 out of 6 years, while during the same period the DOW was only down one year; 2015. However, my average return for those 6 years was 12.6% while the DOW averaged 9.7%. I am very happy with my returns in that time. Does anyone else track these sorts of numbers? I am very curious to hear how everyone else has done.

Great Article on Tax Preparation to do this month to get ready for April 15th:  https://www.chrishogan360.com/end-of-yea...
12/15/2016
8 End-of-Year Tax Moves to Make Now

Great Article on Tax Preparation to do this month to get ready for April 15th: https://www.chrishogan360.com/end-of-year-tax-moves-to-make-now/?et_cid=6169262&et_rid=61a93e82b74942576d281ed4fa08d507&linkid=ELP2Txt

December. That magical time of year. Heartwarming get-togethers with family and friends. Scrumptious meals. Beautiful Christmas trees. Twinkling lights. And taxes. Yeah, I know. Nobody is thinking about taxes right now. But you should. Taking a few steps in the remaining weeks of the year could m

Waddell Financial Coaching
08/11/2016

Waddell Financial Coaching

Waddell Financial Coaching's cover photo
08/02/2016

Waddell Financial Coaching's cover photo

04/21/2016

So, I was doing a little math today and I asked someone how much would my 8 year old daughter have at retirement if she set aside $2000 today and invested it until then. Not $2000 per year, but just a one time investment of $2000. At a typical rate of return, an average for the last 40 years, She would have over $450,000 saved up for retirement. I have a college fund set aside for her now that has more than $5000 in it. So, if she just works to pay for school instead, she could have $1 million for retirement by saving that money instead of using it for school. Wow!

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Aldie, VA
20105

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