Estate planning is one of the most critical aspects of the wealth planning process. It is often an overlooked and disliked topic because it involves death and many subsequent emotional decisions. However, estate planning is essential for protecting your family and having your story told. Estate planning is; Key Documents That Make Up an Estate Plan I prefer to look … Read More
Quotes on Motivation and Success
I’m not sure where I collected the 78 quotes below over the years but I thought that they were worth sharing. You never know where your source or spark of motivation will come from. There are old pilots and there are bold pilots, but there are no old, bold pilots. – Unknown The value of an investing strategy is not … Read More
Understanding Risk; Four Ways to Help Your Wealth Management Plan
There are typically three risk profiles that investors are assigned to within the financial services industry, which are conservative, moderate, and aggressive. These categories are usually defined by an investor; These components help to make up what is called your investment risk profile. However, your risk profile may be very different from your risk perception. While your risk profile may … Read More
How to Utilize Life Insurance as a Tool in the Wealth Planning Process
Along with estate planning, insurance planning can be a difficult wealth planning topic that most people would rather not talk about. There are legitimate reasons for this; If you can find an advisor to work with that you trust and who places your interest before theirs, I think most people can get past the first two points. I want to … Read More
Four Tactics to Get the Most Out of the College Planning Process
If choosing to save for your child’s future college education needs is a priority for you, it must be included in your overall wealth management plan. I say choose because you likely have multiple financial priorities, such as retirement, taxes, or other personal savings goals, already tugging at you. Think about being on an airplane; in the event of an … Read More
Three Factors That Affect Your Social Security Decision
I am often asked the critical question of should I take my social security benefits early or wait until full retirement age or beyond? Issuing a blanket response or answer to that question can lead people down the wrong path, especially on this subject. While many people would benefit the most by waiting until they reach their full retirement age … Read More
Optimize Your Spending to Increase Your Happiness
Many people think having more money and the ability to buy whatever they want will make them happier, but in reality, how you spend your money has a greater impact on your happiness. Research even shows that once you obtain a certain income level ($75,000), your level of happiness does not change much. You have likely heard the expression, “Spend money on experiences, not things.” As more research is … Read More
Celebrity Calls Out Mother of Triplets
Recently my wife Theresa had an encounter with a celebrity who is the new brand ambassador of a specific company. I am not allowed to disclose the celebrity nor the company! During an event, the celebrity (let’s call her Anna) asked in a crowded room of mostly males, “where are my mom’s at?” At which point Anna identified the mother … Read More
Three Laws to Help Guide You to The Answer
One of the best books that I read recently was The Answer, by John Assaraf and Murray Smith. The book, in reality, is two books within one. John Assaraf writes the first half of the book with a focus on the laws of attraction, gestation, and action. The second half of the book is written by Murray Smith with a … Read More
What Would You Consider to be Your Most Valuable Asset?
What would you consider to be your most valuable asset? Some people may think about a retirement account or piece of real estate. What about your career as your most prized possession? A person’s major revenue stream, typically their career, is likely a major key in the ability to achieve life and financial goals. One of my recent reads was … Read More
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