Financial Planning for the Gig Economy: A RoadMap
Becoming a freelancer seems like a dream for a lot of people: you make your own hours, choose your own clients, and most importantly, you do what you love. But in this gig economy, there’s a lot to think about before striking out on your own. While it’s true that you can start freelancing tomorrow, […]
The Power of Incremental Change in Your Financial Life
I’ve recently become enamored with the concept of incremental change, and how it impacts our financial lives. The idea resonates with me because it’s so simple: small steps, day in and day out, lead to HUGE change. Huge change (good or bad) comes from the compounding effect of all these little actions. James Clear talks […]
A Reflection on Money: Your Year in Review
A new year is upon us, and with that comes the natural desire to look back on what we’ve done with our money: have we accumulated the wealth we’ve wanted? Stuck to the savings plan we’ve designed? Spent in a way that is in line with our goals? Big questions like these can seem overwhelming […]
Choosing Health Insurance: Why The Right Choice Matters More Than You Think!
Choosing Health Insurance: Why the Right Choice Matters More Than You Think! I learned a long time ago that figuring out what health care plan is best for my situation is worse than a trip to the dentist. The options, the terminology and the numbers — it all makes my head spin. Do you feel […]
A Secret Wealth Builder: Health Savings Accounts
When people think about building a nice nest egg, creating a Health Savings Account is not the first thing that comes to mind. I find that a Health Savings Account, or HSA, is often an afterthought for a lot of people — if you’ve even heard about it. But an HSA is a really valuable […]
How to Build Wealth: Debunking Some Myths
One myth perpetuated by our culture is that in order to become wealthy, we need to get in on the next Instagram, pick stocks like Warren Buffett or have some miracle happen to us. While these fantasies can help us dream, they also can leave us chasing smoke and mirrors. The truth is that hitting […]
How To Reduce Money Anxiety & Feel More in Control!
Mental accounting is an economic concept that has gained recognition over the past thirty years. Popularized by economist Richard Thaler, mental accounting describes how we often mentally segment money for different purposes despite the fact that our money is fungible. In other words, the money coming into our lives — income, bonus, gifts, inheritance — […]
Are you worried about your parents’ finances?
When working with diverse ages of people, I hear all sorts of concerns: everything from how to manage spending to how to save for a lifestyle change. Lately, I’ve been hearing more about another looming anxiety: parent finances. Are you worried about your parents’ finances? This is an often overlooked and under-discussed area of a […]
What is Asset Allocation? And Why It’s Important for Your Investing.
With every client, my goal is to create a tailored investment strategy that manages what we can control. After considering variables like investment fees, taxes, and comfort levels with volatility and risk, we often settle on something called an asset allocation. The term gets thrown around a lot, so I want to delve into the […]
The Next Millionaire Next Door: A Book Review
The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Ph.D. and Sarah Stanley Fallaw, Ph.D. There are countless books available about “how to get rich”: Invest in this fund, buy this piece of real estate, whatever. Don’t you find them all a bit… out of reach? I know I do. […]