Financial Planning

This category deals with the financial planning process and the requirements needed for success.

Money and Patience – Give Yourself a Chance to Succeed

There is a funny internet meme that came out a few years ago – “Do I Run? Yes. Out of time, money and patience!” Unfortunately, many of us find it difficult to have patience for anything in our fast-paced society. When it comes to your finances, patience pays off in a big way. It is …

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Teaching Kids About Money – Changing the Conversation

Teaching kids about money is one of the greatest gifts we can give to future generations. This is a topic I discuss on a regular basis. I do not think it can get enough emphasis. For some reason, there is a huge stigma in our society when it comes to discussing financial topics. This causes …

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Home Regret – Avoiding a Massive Financial Mistake

There have been several articles recently on the subject of home regret. A sizable portion of millennial buyers are expressing regret when it comes to their house purchase. Unfortunately, home regret impacts people of all generations. If a house is a burden and the costs outweigh the benefits, it can be a boat anchor to …

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Opportunity Cost and the Daily Money Decisions You Make

Opportunity cost is something you deal with on a regular basis. Imagine this scenario in your mind. You were just told that you are being given a gift of $5,000. You can use it however you like. As the possibilities begin to swirl in your mind, you know that a big decision is coming. Should …

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Exchange Traded Funds – What Do They Offer for Your Portfolio?

Exchange traded funds are relatively new to the investing world. The first ETF was available in the mid 1990’s. They have become more popular, since they offer investors some unique advantages. What exactly is an Exchange Traded Fund? Do ETF’s deserve consideration in your portfolio? ETF’s are like many other equity securities. They are very …

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Target Date Funds – What You Need to Know!

Target date funds are seeing increasing popularity among investors. Many 401K plans and other work-sponsored retirement accounts now offer a variety of target date funds. Why are they becoming so popular? What do you need to know about these investment vehicles? Target date funds help address a problem that many investors face. One of the …

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Annual Financial Review – Make This a Can’t Miss Habit

One of the best things you can do is perform an annual financial review. Life is constantly changing, and sometimes it is difficult to keep up with everything. When it comes to your money, take the time to review your situation and make sure everything is in order. The small amount of time invested can …

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Millennial Money Myths – How to Avoid Stereotypes and Succeed Financially

Millennials. Just the mere mention of the term brings out a variety of opinions. It always amazes me how certain generations get assigned a number of stereotypes. Stop me if you have heard these before:Millennials are lazy and entitled.This generation is so selfish and immature.Millennial money habits are terrible. This is truly the “me” generation.Millennials …

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Do You Need a Money Manager to be a Successful Investor?

Would you pay a huge percentage of your hard earned cash to have a money manager invest it for you? That doesn’t sound like a very good deal, but that is exactly what some people do. If you decide to work with an investment adviser, you need to make sure you are getting the appropriate …

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Fear of Investing – Conquer the Things Holding You Back

The fear of investing is a very powerful barrier for a lot of people. With constant talk of stock market crashes and economic slowdowns, it’s natural to have a cautious approach. However, investing is still one of the best wealth builders available for the majority.  It is important to consider facts over emotion when you …

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