Helping pave the way towards financial freedom
Do you think a blizzard will drive up the demand for people wanting to buy snow tires or 4-wheel drive vehicles? Sure does. How about car dealerships – will they sell more convertibles once the weather gets warmer? Without a doubt. What is at play here is a psychological phenomenon called recency bias. It is…
Charitable giving is a personal choice, and several factors typically determine how much a person “gives” away. Financial status. Upbringing. Trust factors. Priorities. Egos. I’ve had this topic come up lately with clients – people wondering HOW MUCH SHOULD WE BE GIVING? HOW MUCH DO OTHER PEOPLE GIVE? It’s a welcome discussion, particularly with all…
Are you looking for ways to cut your spending? With the Covid shutdown, perhaps your income has shut down – or at least slowed down. Now is the time to evaluate your spending habits. I don’t consider myself a penny-pincher, but the reality is EVERY DOLLAR COUNTS. Not only that, but people have difficulty understanding…
Money is always in motion. I see this most often when a person leaves an employer, and it happens more than you’d think! Rarely do we see people staying at the same company for 30+ years then retiring. In fact, the average employment tenure is closer to 4 years. Whether you retired or are simply…
Taxes are a hot topic these days. Various politicians are using their tax agenda to position themselves for the next Presidential election. We are learning about who pays them (almost half of Americans don’t pay a dime!), how should people be taxed going forward, and debating on what is a “fair system”. Paying tax is…
With 2020 on the horizon, this is the time of year when many companies open their “enrollment period” for their employees to change their benefit elections. Many of my clients are in this period right now, so lately I have been having a lot of these discussions. Of course, each employer varies on what types…
Football season is in full swing, and studies tell us that roughly 4 out of 10 people watch football on a regular basis. But how many of you see the parallels that the game of football has with your investing lives? If you think about it, football tells us a lot about life. Many aspects of…
Over the past couple weeks I have been mildly entertained by several articles that discuss some of the worst financial advice that people have received. Bits of it are off-the-wall, but for the most part some common themes exist. Some of these “financial nuggets” that go around are debatable at best. I won’t go so…
In my years in the business, I’ve seen some bright people make some really silly money decisions. I can probably write a small book if I included all the mistakes I’ve witnessed! I call them silly mistakes. I use the word “silly” because it’s taken more lightly. I can probably swap the words to read…
Finance is a male-dominated industry. According to Cerulli research, only 16% of financial advisors in the US are female. There have been initiatives to change this but currently, this is fact. It’s no wonder then, that women may feel out of place when they walk into a financial planner’s office. Plus the topic of money…