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
As a financial coach, I focus on how behaviors and mentalities affect my clients' results. I also sometimes consider how public policy affects these results as well, and sometimes have to say something about how legislators' actions affect what we can and cannot do; Social Security is just one of those policies that irks me … Continue reading As a Financial Coach, Here’s Why I Cannot Stand Social Security
We're now in the '20s, can you believe it? Cue the jazz music and all-time stock market highs from all that investing! Well, perhaps jazz music won't be as popular as it was a century ago, but we have had a rather vibrant economy at the moment as we did in the 1920s, and the … Continue reading One Investing Chart Shows Why the Long Term is What Really Matters
When I receive a question about cashing out the 401k to pay off debt, my short answer is generally no. The longer answer is still no as a general rule, but it may be a consideration in some very limited circumstances. Here's the rationale behind not cashing out the 401k. Sure, it may be tempting … Continue reading Should You Cash Out Your 401k Early to Pay Off Debt?
It's easy to think that if we earned just a bit more money, we'd be able to get ahead; that a few hundred dollars more a month will do the trick, or that a six-figure income is what really makes becoming wealthy possible. But contrary to popular opinion, that's simply not true. Solving financial problems … Continue reading Money Won’t Solve Your Financial Problems, But This Will
If you're married, do you remember when you and your spouse were dating? Do you remember how much time you spent together, nurturing the relationship, building intimacy and trust over months and years? What you were doing during that time was concentrating your focus on the relationship, and you built it from the ground up … Continue reading The Power and Necessity of Focus
In Chris Hogan's recently published book Everyday Millionaires, he wrote about some really fascinating statistics on typical American millionaires. The truth is far from media portrayals. Few millionaires ever hold an executive position, nor are many of them celebrities or professional athletes. Most simply worked hard over their entire lives, stayed out of debt, and invested … Continue reading Millionaire Mindset: 97% of Them Believe This And It Makes ALL The Difference
For nearly two generations, Americans have come to see the Social Security program as the default retirement plan for when we end our time in the workforce. Since 1935, Social Security has provided retirees with a set amount of money each month, based on what they had to pay in during their working lives. Nearly … Continue reading Relying on Social Security for Retirement is a BAD Idea