As an advisor, I’m often in the position of helping clients temper their worst impulses. It’s a delicate balance to get investors to pay enough attention to be engaged without micromanaging or being overly obsessed with the bean counting side of things. And because everyone is different, so are the pain points and blind spots. This is where an advisor can deliver the most value - giving truly personalized guidance based on a plan to achieve very specific goals, and helping to manage harmful Read on...
Why You’re Failing Miserably, and How to Stop
For decades I've been entrusted with the confessions of people preoccupied by their inability to feel adept in handling their finances. These individuals come from all walks of life, possess various levels of education, and span a wide range of household income. They are all smart and successful in certain areas of their lives, but when it comes to investing to meet their financial goals, suddenly all competency goes out the window - at least from their perspective. I say it's more of a Read on...
Mid-Year Pump
With the first six months of 2022 in the rearview, you have valuable data at your disposal that can help you plan for a stronger second half and, even lay the groundwork for a better 2023. To start – set concrete goals of what you hope to accomplish before the year is out – save more, get ahead of income taxes, reduce spending, save for college – and attach a number to that goal. By December 31 I will save $X in my retirement plan, I will reduce my monthly spending by $X per month, Read on...
Lazy Discipline
Is it possible to achieve more, by working less? It seems too good to be true – like a diet pill that promises you can eat all the cake you want and still lose weight. But the truth is, sometimes we make it hard for ourselves to do the right thing. What if we intentionally set ourselves up for financial success by making it as easy as possible to do so. The finish line is the finish line. You don’t get extra points for running barefoot over broken glass to get there – in fact, you simply need Read on...