A holistic financial plan contains these ten critical pieces. Here is a breakdown of how each helps you achieve wealth and financial freedom.
Tag: investing
“Should I Be Cashing Out My 401k to Pay Off Debt?”
When I receive a question about cashing out a 401k to pay off debt, my short answer is generally no. It entails a lot of unrecoverable loss of long-term growth. We can make more money, but we cannot recover time. Nonetheless, there are some limited circumstances in which cashing out a 401k may be the … Continue reading “Should I Be Cashing Out My 401k to Pay Off Debt?”
Worried About a Recession? Here’s What You Can Do Right Now
Many people are concerned about the United States falling into another recession. Here's what you can do starting right now to prepare.
Social Security Benefits Are In More Trouble Than We Thought
After the societal shutdown in 2020, the global economy experienced a sharp recession that slashed tax revenues. Included in these taxes is, of course, the Social Security payroll tax. As a result of this decrease, this means Social Security benefits are in more trouble than we thought just a couple of years ago. For several … Continue reading Social Security Benefits Are In More Trouble Than We Thought
Five Financial Skills to Fuel Your Life
Many people these days (perhaps a majority) have few financial skills. You may be one of those people. Most likely, the schools you attended emphasized the importance of getting an income instead of the ways to build wealth and manage your money. By now, you are probably discovering how difficult it is to function in … Continue reading Five Financial Skills to Fuel Your Life
“What Causes Poverty” Is the Wrong Question; Ask This Instead
Our contemporary culture likes to ask what causes poverty. But this question is based on a false premise. Ask this question instead.
New College Graduates Often Make Two Costly Financial Mistakes
For new college graduates, it can be an exciting time. But when entering the world of adulthood, making these mistakes can be very costly.
Bitcoin, Ethereum, & Other Cryptocurrency: Should You Buy?
Over the past year, there has been increasing interest in cryptocurrencies like Bitcoin, LiteCoin, Ethereum, and even the (joke) Dogecoin. This can be seen merely by the amount of volume sold over that time period, especially in the past six months. As much as it’s in the news, there are still a lot of unanswered … Continue reading Bitcoin, Ethereum, & Other Cryptocurrency: Should You Buy?
Working with a Financial Coach: What Your Life Can Look Like
I work with people from all walks of life. Some are just starting adult life, while others are nearing retirement. Some have a very high household income, some are very low. In the mainstream culture, these factors are often considered dispositive; that’s how it is and your future is fixed as a result. However, when … Continue reading Working with a Financial Coach: What Your Life Can Look Like
Millionaires: Seven Myths Completely Debunked
Millionaires are often the subject of scorn in America today, but the real story about them is not one the media will tell you.
