Life Insurance Is Worth It In The End


Life Insurance Is Worth It In The End

Deciding whether you need life insurance can be a complicated process. The decision can be even harder when you are younger. Today Elaine Mahr highlights some of the issues that you should think about.  Be sure to listen in to find out more about the cheapest insurance policy one can own that has the most benefits to your loved ones.

Life Insurance Audio:

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Top Strategies to Decrease Debt

Creating A Debt Free Zone
Creating A Debt Free Zone

Doug’s Top Strategies To Decrease Debt

The ideal scenario for people is to start with a fresh slate, decrease debt and still meet your monthly obligations. Defining your needs and wants is a great place to start.  Unfortunately, this isn’t the case for most people.  I know this story too well.

Doug’s Story:  I grew up in a trailer and thought that success was going to be when I had a million dollar house and nice cars.  Through buying real estate and owning a mortgage company I was able to achieve my dream of success.  I bought a million dollar home in St. Charles County that was 8000 square feet.  I had a Lexus and an Escalade.  I bought that dream home at the end of 2005, and the value never went higher, and my income only went down.

Here are some of the top strategies I learned to decrease my debt to regain credit worthiness:

Audio 1: Decrease Debt

Audio 2: Decrease Debt

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What salary do you need to afford a home in your city?

Salary Needs To Buy A Home In The US
Salary Needs To Buy A Home In The US

by Ryan Smith25 Aug 2016

What salary do you need to afford a home in your city of choice?  

How does your city rate in terms of home affordability? A recent report by determined the salary families would need to make in 27 metro areas in order to afford the local median home price.

The study assumed a down payment of 20% and operated under the standard that a monthly mortgage payment shouldn’t exceed 28% of the borrower’s income, according to the Huffington Post.

San Francisco residents need the highest salary if they want to afford a home, according to In the San Francisco metro area, a buyer with a 20% down payment would need to make $162,000 a year to afford payments on a median-priced home.

Pittsburgh, Penn., meanwhile, was most affordable; homebuyers there could meet their mortgage payments with only a $32,400 salary. found that home prices have gone up since the first quarter in every metro area surveyed except for Tampa, Orlando and Miami. Nationally, the median home price was $240,700, about a 10% increase from the first quarter.

Back To School and Salary Needs Audio:

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Back-to-School Budget

Back To School On a Budget
Back to school for these 3 out of 8!

How to Work Back-to-School Into Your Budget

Try this little mantra called the 50/20/30 Rule. What that means is:

  • 50% of your monthly income should go toward your essential expenses like housing, utilities and groceries.
  • 20% should go toward your financial priorities like debt payments, retirement accounts, college savings and emergency fund.
  • The last 30% can be spent on your “choices,” or areas of your budget with wiggle room, like going out to eat, funding your hobbies, and (drum roll, please) back-to-school shopping!

If you’re finding yourself caught off-guard this year by school expenses, start planning for next year so that doesn’t happen again.  Consider setting up a specific savings account for a back-to-school savings goal that you feel comfortable with, and you can contribute to it each month throughout the year so it’s not an all-at-once expense.

Here are some resources that may be able to help:

The Fastest And Safest Way To Payoff Your Home

Doug Show CardCornerstone Mortgage, Inc offers an amazing product that blows away other lenders.  Doug Haldeman, Branch Manager at the St. Charles office location, discusses a new fast and safe way to pay off your home.  Be sure to listen in to find out if this would be an option for you.

If after hearing the show and you want more information reach out to Doug today at 314-472-3684.

Below is a link to Doug’s mortgage coach presentation and the audio to the show.

Doug’s Mortgage Coach Presentation

Bailout Scorecard Update

Image from:
Image from:

The Bailout Scorecard

Last update: Mar. 31, 2016

Altogether, accounting for both the TARP and the Fannie and Freddie bailout, $619B has gone out the door—invested, loaned, or paid out—while $390B has been returned.

The Treasury has been earning a return on most of the money invested or loaned. So far, it has earned $298B. When those revenues are taken into account, the government has realized a $69B profit as of Mar. 31, 2016.

Where do these numbers come from?

Most of the data shown comes from the Treasury Department. But in a few cases, we’ve gathered information from other government agencies or press releases and regulatory filings from bailout recipients.

If you’ve got more questions about how we do this, please drop us a line.

What you can find here:

To find out the full report go to:

Tips To Consider Before You Leave Your Child An Inheritance

Our blended family and extended family all at one table! Who will inherit the dirty dishes? Hmmm…

Doug and Tammie share an article from on things to consider before you leave an inheritance to your children.

Warren Buffett enrolled Bill Gates in not leaving all his money to his children.  “I’ve given them enough that they can do anything with their lives, but not enough that they can do nothing.”   Warren Buffett

It’s not the amount of money you make, it’s who you become in the process. Don’t deny your children the opportunity of becoming in the process by having everything handed to them. Give them the opportunity to be anything, but not the opportunity to be nothing. –Brene’ Brown

If you are a parent who worries about what your wealth will do to your children, you are not alone. Many parents or other family members want to leave money to their kids or to someone, but they are concerned that who they want to leave it to are ill-equipped to handle sudden wealth. Some worry that by providing too much money that it will rob their children of the ambition and hard work that it took for them to amass the wealth. And it’s not just parents who worry. At least one beneficiary has reservations.

If you are concerned about gifting or leaving your children an inheritance, consider these popular strategies :

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Is Your Child Headed Toward Financial Disaster?

Shopping wears some people out!
Our grandson Eli after going grocery shopping for the family!

It’s impossible to know the future and it’s unfair to your kids, who may well surprise you in their financial future to take any of the following red flags too seriously.  In saying that some of these red flags are worth paying attention to and possibly changing some of your habits to instill new ones with your child.

So if you are in credit card debt, or have no savings and often think what have I done wrong and your kids keep demanding more and more stuff.  Well you may want to listen in to today’s show.


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Home Scouting

Home Scouting is the best Real Estate Search engine available, and was rated #1 in the country by its users.  As a listener of the Doug Haldeman Show, we are giving you FREE access to the Home Scouting Report to give you an unfair advantage against other homebuyers!

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Couples and Money

Couples and Money

Disagreeing about money is almost inevitable — but it’s not necessarily a bad thing. As an individual, you have priorities about what you want your money to do for you that may or may not line up with your spouse or partner (or parents or friends). What you need to learn is how to communicate your wishes in a way that’s respectful of the fact that their priorities and wishes may not be on track with yours.  

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