If you’re looking to save money on healthcare costs, you might have heard of Health Savings Accounts (HSAs). HSAs are a popular option for many people, but what exactly are they, and how can they benefit you? Oftentimes I find millennials mixing up FSA’s (flexible spending accounts) and HSA’s. FSA’s are a great option for those who want to contribute,…
Growing up, we often heard that “money can’t buy happiness.” While I understand the why we were told this, I don’t fully agree with this statement. It’s true that buying material possessions like a fancy car, designer clothes, or a luxurious house won’t necessarily lead to happiness, especially if you lack meaningful relationships in your life or people to share…
Almost every millennial I talk to wants to get started investing in real estate. It’s a great goal and a great way to build wealth when done right. However, you cannot just go and buy any rental and think it’ll work out numbers wise. You have to do the math both on new and existing rentals to ensure they are…
This is going to be a short but powerful one this week. Whether it’s finances, health, business related, etc. one of the hardest things to fathom is that you don’t know what you don’t know. You not only have biases and blindspots that can lead to mistakes, but you also have a lack of information as well. When you don’t…
They say an athlete dies twice: once when they retire, and once when they pass away. What they mean by this quote is that athletes, who have dedicated their lives to their sport, face a difficult transition when they retire. From a young age, their focus everyday has been on training, competing, and striving for the next level. Then suddenly,…
I find myself having the same conversation with almost every prospective client, and I’ve realized that it’s a topic I’ve never written about before, even though it’s an extremely important one. Many people in my industry believe that everyone needs an ongoing relationship with a financial planner. However, I disagree. Consider the health and fitness industry and the different needs…
The Backdoor ROTH is one of the most commonly used strategies out there. Over the years, I have heard so many people say “I make too much money to do a ROTH IRA.” And while this is true, there is a loophole, it’s called the backdoor ROTH. Many people today know about it, but many do not understand all the…
I’ve spent over 1000 hours creating personal finance content. These are the most debated topics: This is the framework I use to address these topics (and my opinions on each): 1. Rent vs Buy I think we all grew up hearing about home ownership. I mean it’s the American dream right? And It’s the best investment we will make in…
After working with over 100 millennial households over the past 4 years: I have learned many make the same costly mistakes. One’s that you can avoid by learning! Here are the 11 most costly you need to avoid. 1) Spending More Than You Make Too many people try to live lavish life styles they can’t afford. And I am going…
Real estate investing is a divisive subject. You either love it or you hate it. We’ve all seen the social media posts from people saying they don’t want to own rental properties because they don’t want to have to get a call in the middle of the night about the furnace breaking or some other annoying task. And while that does…