What is a HENRY? Alright, I know what you are thinking just from the title. “What in the world is a ‘HENRY’? Well, HENRY stands for “High Earner But Not Rich Yet”. It refers to people in their first half of their working careers that are making substantial incomes, somewhere between $100,000-$500,000 spending on where they live, but have minimal…
Most people struggle with the basics when it comes to their goals. We all know that person who says year after year they are going to get in shape. The first thing they’ll do is go out and buy every supplement known to man, but then can never get themselves to follow through on the basics of going to the…
It’s commonplace today to hear people say investing is just gambling on the stock market. If I’m being honest here, it irks me every time I hear these two words interchanged because of just how different they are. Gambling is all about the short-term and trying to beat the odds. Investing is about playing the long game and building wealth…
Aside from bragging about investing right at the dip in March, refinancing your mortgage is one of the hottest topics in the personal finance world. Interest rates have dropped drastically over the past couple of years, so it only makes sense to talk about refinancing when it can benefit so many people. So what does it mean to refinance your…
Over the past few years of working with millennials, I’ve come to realize that there are numerous myths and misconceptions that are driving millennials behavior around money. I am not sure where these misconceptions began, but regardless, they exist. As I began meeting with more and more millennials, I jotted down every misconception I heard with a goal of debunking…
As a millennial, you may feel that the cards are stacked against you. Between debt, an increased cost of living, and lower wages, it is hard to think otherwise. However, millennials have something at their disposal that puts them a leg ahead of the generations above them. It’s called compound interest, aka the 8th wonder of the world according to…
How do you track your personal financial progress? Maybe you measure how much your savings have increased over the last year. Maybe you track the growth of your 401(k) and other investments. Maybe you do nothing at all and just hope you are making progress. The problem is, none of those ways are enough. They fail to capture the entire…
As a millennial, you often hear Boomers and Gen X-ers talk about how we are terrible at managing money as if they had it all figured out when they were our age. The thing is, they didn’t. Many of them made mistakes just like us. It’s a part of growing up. However, we have the opportunity to learn from the…
People often wonder if now is the right time for them to hire a financial advisor. And if not now, then when? While almost anyone could benefit from working with a financial advisor, there are certain times in life where it really pays off to be working with one. You have a major life event happening Every major life event…
Life has changed. You went from being all on your own and only responsible for your own needs to being responsible for other people. Now, it’s all about giving the people you love the very best you can. You want to give them things you never had and allow them to experience things you only dreamed of. The problem is,…