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Category: Personal Finance

How Only 10 Days Can Alter Your Investing Future

How Only 10 Days Can Alter Your Investing Future

Let’s take a trip down memory lane.  Imagine the ten most influential days of your life up to this point. I would assume the day you met your significant other would be up there, perhaps the day that you decided what college to attend and what career you decided to pursue.  Could be the day you got that long awaited promotion. Now picture this.  How would your life be different if for some reason you didn’t experience those days.  If…

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What is the FIRE Movement?

What is the FIRE Movement?

What if I told you that you could stop working when you’re 40 and never really have to work another day in your life? What if I told you that your current job now is only a very temporary means to a much better end that’s not very far off in your future? What if I said that if you saved, worked hard and invested prudently that early retirement is actually obtainable? What if I finally stopped asking all of…

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3 Potential Causes of Complete Investment Loss

3 Potential Causes of Complete Investment Loss

The question inevitably comes up more than I would want to answer to be honest. “What happens if my investments go to zero?” Well the easy answer here is that you will have no more investments left.  You investments will equal the numerical value of zero.  Your investments will have no quantity or number, naught, the figure 0. That’s the answer in the most literal sense but the real question they’re asking is what happens to them if their investment…

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The Top 6 Mistakes Young Investors Make

The Top 6 Mistakes Young Investors Make

Being an advisor catering to the younger professional I’ve seen the full spectrum when it comes to personal financial situations.  Some clients will have their financial lives in perfect order from the moment they walk in.  We just make a minor tweak here, a minor adjustment there and check in again in a few months Others well… let’s just say there can be some room for improvement.  But hey, that’s what I’m here for. I’ve noticed a pattern for these…

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9 Financial Do’s and Don’ts of Relationships

9 Financial Do’s and Don’ts of Relationships

Being in a relationship can be absolutely wonderful.  Knowing someone is still attracted to you no matter how stupid your hair may look or how bad your morning breath may smell is just the best thing in the world. All kidding aside, one of the most overlooked parts of a relationship is the financial aspect. When love is in the air who the hell wants to talk about budgeting and emergency funds?  Yeah, no one but that doesn’t make it…

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What Decides How You Should Invest?

What Decides How You Should Invest?

As a financial advisor I obviously get a lot of financial-related questions.  Duh. But there is one question that seems to come up much more than the rest and that is, “what is the best way to invest my excess money?” To that question I typically respond with: What are you planning on using the money for? How much risk are you comfortable taking? When do you plan using the money? There are a myriad of factors that determine how…

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How to Find Financial Peace of Mind With Life Insurance

How to Find Financial Peace of Mind With Life Insurance

When I say life insurance what are the first things to come to mind? It’s for older people, it’s for rich people, it’s unnecessary for someone as young as me, what the [insert choice word here] is life insurance. To you, the life insurance skeptic I say those are all fair enough points (especially the last one so read further on), after all most of us haven’t the slightest idea of how life insurance could help us. We’re young, healthy,…

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Why Your Retirement Funds Should Be Left Alone

Why Your Retirement Funds Should Be Left Alone

It’s been a tough couple days, weeks, months..years at the office or home.  You’ve been beaten down, stressed out and just unappreciated so you’re finally fed up with it all.  What do you do? I know!  You have to treat yourself; get away somewhere, anywhere. But where?  How about Indonesia, that sounds exotic.  Sweet! Put the entire trip on the credit card; airfare, accommodations, food, booze and all other Indonesian-esque (yeah that’s a word) activities.  You name it, it’s charged…

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I Have Extra Money, Where Do I Put It First?

I Have Extra Money, Where Do I Put It First?

Your employer offers a 401k with a company match and you have that IRA forced upon you during your first job.  Oh, and how about that tax-free Roth IRA and the $10,000 personal brokerage account you inherited when Great Aunt Sally passed away. With all of these saving options it can be a little difficult to decide where your money should go first.  However, if you examine the underlying advantages of each account the decision may become a bit easier. …

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How Saving $20 a Week Could Turn Into $100,000

How Saving $20 a Week Could Turn Into $100,000

20 dollars.  Doesn’t seem like a lot of money does it?  I mean what can you buy if you were to go out for 20 bucks?  Two beers, a nice appetizer or a cheap dinner.  Over the course of an entire week, let’s be honest, it wouldn’t be too hard to save 20 dollars. When looking at 20 dollars in present terms it really isn’t that much.  That is, until you see what consistently saving 20 dollars over a meaningful…

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