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The GOLD Company does not sell any products and is compensated ONLY from the company's clients. No commissions are taken on any products.

I sincerely enjoy meeting people and getting to know them. The Gold Company strives to return calls promptly and takes a genuine interest in your needs. I work hard to personalize a plan that best fits your needs, budget and future.

The Money Prof

Thursday, June 5 2014

So You want to take a Vacation?

Most of us enjoy a different routine. We work hard during the year and look forward to taking a vacation. Some of the typical questions that come up when making the final vacation decision are:

  • How much time do I have?

  • How much do I have to spend?

  • Do I need to finance the vacation or will I pay cash?

  • Who will be going?

  • Where are we going?

  • Will we fly, drive or take public transit?

  • What other goals do I have that require funding?

Recognize that taking a vacation is part of personal financial planning. It is one of many goals that families have which require an allocation of resources. Certainly, vacations provide near-term satisfaction which enhance quality of life. Spending money on vacation creates an opportunity cost. Is the vacation worth more to you than other opportunities? Taking the family on a week's vacation can cost thousands of dollars (even if you are traveling in the U. S.). Airlines, hotels, food, car rental, admission fees and so on are not cheap today. Would it make sense to go away for only one or two days (it's amazing how one feels by staying away for only one or two evenings), spend less money and have the resources to put to a new car, real estate,savings and investments, educational costs and so on. This can especially feel good if you don't have to pay off vacation loans over the next year. ( We discussed in an earlier column, how debt places a burden on your future income.)

Before you take your next vacation, visit the internet and search for "how to save money on vacation. " There are all sort of budget travel tips, ways to save money on vacation and even how to save for vacation. Everyone deserves a vacation, just make sure it is affordable.

The GOLD COMPANY will help you achieve financial well being.

Offering the following services:
  • Investment Portfolio Assessment

  • Portfolio Development

  • Securities Portfolio Management

  • Retirement Planning

  • Insurance/Risk Management Review

  • College Planning

  • Real Estate

  • Estate Planning

  • Business Analysis


145 Newbury St.
Portland ME 04101
6427 Tiara Drive
Boynton Beach, FL 33437
561 894-8436