Is bankruptcy ever the right option?

Is bankruptcy ever the right option?

Isn't it wrong not to pay your debts?

Isn't it wrong not to pay your debts?

How does bankruptcy help?

How does bankruptcy help?

How do I know if I should consider declaring bankruptcy?

How do I know if I should consider declaring bankruptcy?

How would I make the decision about bankruptcy?

How would I make the decision about bankruptcy?

What do I do if bankruptcy is inevitable?

What do I do if bankruptcy is inevitable?

How do I avoid financial troubles in the first place?

How do I avoid financial troubles in the first place?

What is an asset class?

What is an asset class?

Financial Planning

Financial Planning

Are there rules for handling finances when you are married?

Are there rules for handling finances when you are married?

What is the fastest way of doubling my money?

What is the fastest way of doubling my money?

What are the categories and types of U.S. Bonds?

What are the categories and types of U.S. Bonds?

What are the asset classes within appreciation?

What are the asset classes within appreciation?

What investments fall in the asset class "Hard Asset Stocks?"

What investments fall in the asset class "Hard Asset Stocks?"

How long should I plan on needing money during retirement?

How long should I plan on needing money during retirement?

What is a stock index?

What is a stock index?

How can I keep the expenses of investing as low as possible?

How can I keep the expenses of investing as low as possible?

How is a stock's price determined?

How is a stock's price determined?

 What is a mutual fund?

What is a mutual fund?

How do I start investing?

How do I start investing?

What different types of  accounts are there?

What different types of accounts are there?

What is dollar cost averaging?

What is dollar cost averaging?

Is bankruptcy ever the right option?

Is bankruptcy ever the right option?

Why does the stock market fluctuate?

Why does the stock market fluctuate?

In addition to finances, what issues are important for retirement planning?

In addition to finances, what issues are important for retirement planning?

The Importance of a Written Financial Plan for Retirement

The Importance of a Written Financial Plan for Retirement

Investing the Right Way During Retirement

Investing the Right Way During Retirement

Avoid CD Investment For Retirement

Avoid CD Investment For Retirement

Systemic Withdrawal Plan For Retirement Investments

Systemic Withdrawal Plan For Retirement Investments

Creating A Plan For Retirement

Creating A Plan For Retirement

Understanding Health Care Costs During Retirement

Understanding Health Care Costs During Retirement

Refinancing A Mortgage Before Retirement

Refinancing A Mortgage Before Retirement

Evaluate Income Sources Before Retirement

Evaluate Income Sources Before Retirement

Annuitizing Income

Annuitizing Income

Financial Strategy For A Down Economy

Financial Strategy For A Down Economy

Investment For Beginners

Investment For Beginners

Investment Planning

Investment Planning

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David John Marotta

President, Marotta Wealth Management, Inc., Marotta Wealth Management, Inc.

http://www.emarotta.com  

434-244-0000

David John Marotta is the President of Marotta Wealth Management, a fee-only financial planning and asset management firm in Charlottesville, Virginia. He is an oft-quoted writer and speaker on financial matters and his weekly financial column can be found at www.eMarotta.com

Isn't it wrong not to pay your debts?

John Marotta talks about why is wrong not wrong not to pay your debts

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Host: Isn t it wrong not to pay your debts?

David John Marotta: Strange as it may sound, bankruptcy is actually one of the benefits of capitalism. In a feudal society if you were -- if you owed money and you died, the debt would get passed on to children and your grandchildren and ultimately you just be sold into slave labor and you have no hope of ever paying your debt. One of the advantages of capitalism is to say, you can declare bankruptcy and get a fresh start, so although may want to pay of all your debts, the alternatives over not paying off your debts is either a life time of slavery or doing something illegal or violent and so bankruptcy provide a fresh start, a way out.

If you will, it s factored into all the loans that you have got to owe money on. credit cards make a tremendous amount of money, they know a certain number of people are going to declare bankruptcy but they still choose to lend you money on the credit card, why, because they know the interested people pay when they do pay it off, is better than the money they lose when someone doesn t pay it off and declares bankruptcy.

When should parents introduce the concept of money?

When should parents introduce the concept of money?

How should parents introduce money to preschoolers?

How should parents introduce money to preschoolers?

When should children begin earning money outside the house?

When should children begin earning money outside the house?

How to Teach Your Kids About Money

How to Teach Your Kids About Money

Why is it important to teach my kids about money?

Why is it important to teach my kids about money?

How early should I begin teaching my kids about money?

How early should I begin teaching my kids about money?

Should I rely on schools to educate my children about money?

Should I rely on schools to educate my children about money?

What are good ways to teach younger children about money?

What are good ways to teach younger children about money?

How can I help my teens learn good money habits?

How can I help my teens learn good money habits?

What are some everyday ways to teach my children about money?

What are some everyday ways to teach my children about money?