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…
Mistakes can be so costly when it comes to your personal finances. The problem is that most are not intentional, they come from a lack of information or from bad information in general. In this blog post, we are going to look at 5 real life examples of mistakes people were making before they became our client. The interesting part…
I promised to keep you all informed as new information about student loans became available, so here is a much-needed update following last weeks announcement: $10,000 of forgiveness is being granted for those who earn less than $125,000 Graduate loans do count for this (most people did not think they would) That is for singles and rumor has it that…
It seems as if every millennial’s main goal is to start generating passive income. I get it, who wouldn’t want to make money doing nothing? The idea of passive income sounds and is amazing. In this blog post, we are going to talk about what passive income is and is not, as well as some passive income ideas for you! …