It happens to all of us from time to time. You get down. You feel tired. You’re overworked and overwhelmed. Dealing with work stress is something we all experience — but sometimes that stress devolves into something much worse if it goes on for long enough. If you let your career run your life for…
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’ve been guilty of saying them myself, too. While it’s natural to think this way about finances, doing so only creates more stress around money. Why? What’s wrong with “more…
Are You Making These 5 Mistakes with Stock Options?
Stock options are a type of equity compensation, which is a way for employers to reward key employees beyond the usual paycheck. Most equity comp packages can provide a great opportunity to build wealth, but managing that well requires advanced planning. If you want to avoid making big mistakes with stock options, there are specific…
What You Need to Save Before Having a Baby Might Be the Wrong Question
Most of my clients are in their 30s and 40s, and many of them are either starting families or adding to them. Many of these soon-to-be parents ask me, “how much do we need to save before having a baby? What should we have in the bank before we start thinking about having kids?” It’s…
A Trust Fund for Kids: Does Your Family Need One?
For most people, the phrase “trust fund baby” does not come with positive associations. It’s a description that conjures images of spoiled children that may grow up to be dilettantes as adults; of people that seem divorced from the reality of working for a living or being financially responsible for their own futures. But setting…
3 Advanced Techniques to Elevate Your Financial Strategy
A lot of general money advice focuses on the fundamentals; there’s no shortage of tips out there that promise to teach you how to save, budget, spend less, and maybe even make more. This advice is important, and shouldn’t be dismissed. You can’t reach major success without mastering the basics (and in fact, more than…
How to Better Manage Money with Just Two Simple Rules of Thumb
Personal finance doesn’t need to be overly complicated. Yes, the complexity in your financial life will increase as you build assets and grow wealth—but don’t confuse complex for overly elaborate and impossible to understand. At the end of the day, most of what it takes to reach (and maintain) financial success comes down to some…
How to Build a Bulletproof Balance Sheet
Too often, we equate being conservative or risk-averse with missing opportunities, or missing chances to grow wealth. While there is such a thing as being too hesitant or too cautious, there’s a good reason to lean toward less risk when doing long-term planning. Even if you feel highly comfortable with risk or actively seek it…
Looking for Your 2021 Financial Goal? Try This One
This essay was written by BYH’s creative director, Kali Roberge. It was published on Business Insider, and we’ve republished a version of it here. If you’re looking for insight into the kinds of goals we set each year, or need inspiration for your own 2021 focus, read on to learn about our number-one annual priority…
Is Your Financial Plan Missing This X Factor?
We originally wrote this this piece for Kiplinger, where it was first published. We’ve provided an updated version for the BYH blog here. There is no shortage of great content available for those who want to build a sound financial plan that considers how you may want to retire someday (especially if you want to…