Rethink Loaning Money to Family and Friends
Don’t do it. That’s the first thought that flashes through your mind. A cautionary thought that is faster than a bug hitting a windshield! Whether it’s a buddy needing a little weekend cash, or an adult child that has some... Read More →
401(k) No-No’s
Want to know what not to do with your 401(k)? I’ve seen a little of everything in terms of no-no’s over the years. These are the classics. From borrowing too much, to being too aggressive or way too conservative. There... Read More →
How a Financial Advisor Wastes Money
Wasting money is a big regret of mine. I see the long term effects of it in my profession. Every single one of us wastes money on something. It may be a hobby or even a habit. I also have... Read More →
My Son’s First Paycheck and His Tax Revelation
We all remember that first summer job after our 16th birthday. Some of us can remember busing tables, working the drive thru window or mowing yards for some extra money. All three of my kids were swimmers and the natural... Read More →
5 Financial Lessons from a Financial Advisors Dad
Father’s Day is right around the corner. I love my Dad. I cannot figure out what to get him every Father’s Day. However, he did pass along a nice gift to me. I am grateful that he taught me a... Read More →
Hoarding Cash Like Apple?
Are you sitting on a pile of cash? Does cash make you feel better or safer? For some of you it might make you sleep better at night to have a pile of cash that you could ski down. Some people... Read More →
401(k) Limit Updates
Every year someone asks me how much they can actually contribute to their 401(k). There seems to be a ton of confusion. Some 401(k) participants seem to think it’s a percentage. They are confused by the match percentage. Somehow they... Read More →
4 Reasons to Avoid Multiple Financial Advisors
Many investors I talk to use multiple advisors. When I ask why, I commonly get the response, “I don’t want to put all my eggs in one basket.” That defines diversification for investments and that’s smart. It may not be... Read More →
New Year, New Me Crap Again
Every New Year people make resolutions to lose weight, improve their finances and strengthen their relationships. I call it the New Year, New Me Crap. We all want a fresh start with a New Year. However, most people who get... Read More →
5 Financial Advice Givers You Need To Ignore
You’ve probably needed some money advice recently. Whether that was about saving, spending or investing. The thing is, money advice comes at you from every direction and there is an endless supply of it. Who did you turn to? Family,... Read More →