Managing cash flow is hard enough when your income is regular. Now add in the complexity of being a soloprenuer with irregular income, and you can see how that would be difficult. I currently work with some people who make 75% of their revenue in just 2 months a year. This irregularity creates complexity within your cash flow. In this…
Some people enjoy their jobs so much that they will continue to work well into their 60s or later. And others… well they would retire today if they could. If you fall into the latter group, you might want to start to think about how you can hit your retirement date earlier. Here are 5 strategies to help you move up your retirement date!…
Target date funds are pretty popular these days. You may have seen them in your 401(K) investment options lineup with names like Retire 2050 or Target 2050. Target Date Funds are made to simplify things for you. They essentially let you choose one fund that is a blend of several funds. Bonds, big companies, small companies, international companies, etc. will all…
Most millennials lack organization when it comes to their finances. They have no idea how much they spend or on what and that leads to very little saving in the long run. Here’s the good news, this is fixable. You just have to setup an automated financial system. Here’s how 👇 Creating an automated financial system sounds more complex than…
“Don’t contribute to your 401(k), that money will be locked up till you are at least 59.5.” I am guessing all of you have heard this by now… And It’s funny, the people who give this advice are normally selling a different product. Shocker… Anyways, here’s why it’s wrong. For those that do not know, your 401(k) is a pre-tax…
People continue to ask me what models/ways there are to work with me, so I figured it was time to put out a blog post explaining each option, the price, who it is right for, and what you get within each model since we have made some changes within our firm. Here are the 3 different ways you can work…
Owning your own business means you are in control of what retirement accounts you use. The issue is that there are so many options available which can get overwhelming and lead to a lack of action. Let me help you with this. Let’s look at what options you have and why each could be the best for you! 1. Solo…
I hear from someone almost weekly who says their income is too high to make contributions to a ROTH IRA. This is a major myth that many people believe, so I felt it was necessary to write this blog post and inform everyone on why this statement is false. These people are not entirely wrong as there are income restrictions…
I know, I know, I constantly talk about primary homes and how they are NOT GREAT investments, but that is because they aren’t when you live in them (I am saying this based on investment return % after all fees. Buying is better than the alternatives out there, just not a great true investment). However, real estate can be a…
When it comes to your finances, you might be your worst enemy. Constantly making poor choices and coming up with justifications for each decision is a formula for disaster. Most people convince themselves that what they are doing is okay. Here are some of the most dangerous phrases people tell themselves that lead to poor financial decisions that you should…