Let’s say your cash flow is set and you have extra money at the end of the month. Now you need to establish a plan to grow that money. You also need to keep in mind the reason (or reasons) why you want more money in the first place. This is the essence of goals-based…
Binary Decisions Are for Computers, Not for Humans
We often act like we live in a binary world, where we have only two choices: 0 or 1. These binary decisions work for computers, but not for humans. Luckily for us, there’s a better way. The more I speak with people about their finances, the more I realize how interesting humans really are. We…
Life After Debt: When You Stop Paying Down Balances and Start Building Wealth
When you can gain control over your cash flow and start aggressively paying down loans, you know it’s only a matter of time before you’ll reach debt freedom. It’s thrilling to know that once your debt is gone, you can put all that money toward building wealth rather than just repaying what you owe. You’re…
The Unexpected Benefits of Talking About Money
Major life events like buying a home, getting married, having a child, starting a business, and investing for the future make the benefits of talking about money with an expert crystal clear. You can actually touch the life or disability insurance policy that you put in place to protect your family against the unexpected. You…
How Your Health Savings Account Can Supercharge Your Financial Success
I recently attended an event hosted by Fidelity in Washington DC. During the event, I spoke with a gentleman who helped write the regulations for several tax advantaged investment accounts back in the late 1990s and early 2000s. He confirmed a suspicion that I have had for a while when he revealed a little-known secret about…
Here’s How to Stop Fighting About Money with Your Spouse
Do you ever find that your conversations with your spouse or significant other get derailed when the topic of money comes up? If you said yes, you’re not alone. This is a challenging area for most couples, and there is a solution. One of my clients, Ryan, recently shared this story with me. He said…
Why Investment Returns Don’t Matter (If You’re Not Saving)
People often talk about great investments they’ve made or the incredible investment return they’ve received. Making good investment decisions is an important part of growing your wealth over time. By intelligently putting your money at risk, you have the opportunity to outpace inflation and increase your wealth. It takes some of the emphasis off of…
Money Is A Tool, So Stop Treating It As The Goal
“I want more money.” “I need to save more money.” “I wish I had more money.” I hear these phrases all the time — and I’m guilty of saying them, too. While it’s natural to think this way, doing so only creates more stress around money. When we look at more money as the ultimate…
Top 10 Reasons Not To Use Your Parents’ Financial Planner
As we approach the holidays, I thought it would be fun to “make a list and check it twice.” This list really has nothing to do with the holidays or Santa. In fact, it’s a Top 10 list inspired by a conversation I had with my friend Katie Finch (Thanks Katie!). Here are the Top…
The Illusion of Someday
Many people live their lives like there are 8 days in a week: Sunday, Monday, Tuesday, Wednesday, Thursday, Friday, Saturday and Someday. How many of us say “Oh I need to do that, but I’ll do it some other day. I’m definitely going to do it, but just not right now.”? I’m guilty of it…
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