Tax Planning – Not Just for the Wealthy
Key Takeaways While taxes may be certain in life, there are tax advantage strategies that can help lessen the toll taxes can take on your money. There are three tax advantage benefits to look for when we talk about tax planning: tax deductible, tax deferred, and tax free. Yearly tax planning can save you a […]
All Together Now – The Wealth Portal
Key Takeaways There are many apps out there that can help you track your finances separately, but it’s cumbersome and time consuming. A wealth portal puts all your finances in one place, providing you with a quick summary that you can easily glance over once a week to ensure nothing is amiss. Using a wealth […]
Save First, Spend Second
Key Takeaways If you want to build wealth successfully, you need to save first and spend second. The rule of thumb when it comes to saving is to save about 15%. If you spend first, you can get used to the niceties in life, and then it can be very hard to have to go […]
Half the Clothes, Twice the Money
Key Takeaways When we get ready for a vacation, we typically pack too many clothes and don’t budget enough money. When we make big purchases, we tend to forget all the associated costs that come with buying the item. If you plan in some extra money beyond the main cost of what you are purchasing, […]
The 4 Key Habits
Key Takeaways There are 4 key habits you want to practice that will help you in all areas of life, but especially in your job. These 4 habits are showing up on time, doing what you say you are going to do, finishing what you start, and saying please and thank you. Practicing these 4 […]
The Big 3 Money Decisions
Key Takeaways There are 3 big money decision areas you should seek counsel on: taking on debt, investment related decisions, and transition decisions. There are good and bad types of debt, and it really depends upon your personal situation and financial health. You can invest your money in assets that have tax advantages, so it’s […]
Finding Your CAT
Key Takeaways When we first start off in life, we don’t always have the money right away to pay for financial services. Building yourself a CAT, or Collaborative Advisory Team, can help you get the financial services you need. As your wealth grows, so will your CAT as you continue to add other financial professionals […]
Confirmation Bias
Key Takeaways Confirmation bias can be an easy thing to fall prey to and happens often when it comes to investing. There are three things to prevent you from succumbing to confirmation bias: take a second look, seek expert advice, and know your risks.
A Tale of Two Monies
Key Takeaways In 2009, a new form of currency called cryptocurrency was created, and Bitcoin was the first of its kind. Cryptocurrency is a digital asset medium of exchange that is private, decentralized, and controlled by the number of units that are created. Unlike traditional forms of currency, cryptocurrency works like a commodity in that […]
Money’s 4 Corners
Key Takeaways There are 4 money corners to think about: save, spend, tax, and invest. If you save 15% of your income first, then look at spending on your needs, then your wants last, you will be in good financial shape. Diversifying your investments will ensure you are able to better handle an economic downturn.