I never want to be the guy that gives you all fluff and this post is no different. I’m not only giving you 7 things you can do to multiply your net worth, but I’m giving you 7 things I’ve personally done to grow my own net worth. I know for a fact these 7 Read more about 7 Ways To Multiply Your Net Worth[…]
Question: “When will I be able to retire?”
Answer: That all depends on you! When it comes to the question of retirement, the most important thing to remember is that retirement is less about your age and more about your financial situation.
No one should want to wait around for social security or, worse, become a burden to their children. Your retirement years should be more than that.
Most people don’t understand the concept of opportunity cost. In basic terms, opportunity cost can be summed up by saying,”If I’m doing X, then I’m not doing Y.”
2 months before my 24th birthday, I landed a sales job with a globally known company. I got a nice bump in pay and a few other perks I wasn’t used to at the time. […]
Insurance can be a tricky topic to navigate without the help of a financial coach. Between the jargon and the numerous policy options, it’s easy to see why folks don’t understand what is necessary and what is just extra.
Nobody knows when an emergency will happen, however, when faced with one, we can only hope to be as prepared for them as possible. This is where insurance can step in. The purpose of insurance is to transfer the risk associated with those potential mishaps away from you.
A 401(k) plan is an employer-sponsored retirement plan that will allow you to invest for retirement with pre-tax income. What happens to your 401(k) if you decide to change employers or retire? Well, that decision is ultimately made by you. You could leave the money in the old 401(k) plan, roll it over into an IRA, take it with you to a new plan, or cash out the account. Let’s take a look at these options just in case you ever find yourself in this situation.
There’s an old saying that goes, “A bad map will make you miss the whole party.” A lot of us are lost financially because we have been following bad maps all of our lives.
The wealth-building party is going on and we want to get there, but we just can’t figure out how to stop driving in circles. We’ve watched generation after generation park on Debt Ave only to repeat the same mistakes and end up in the same place.
With the help of a solid financial coach, you can begin to thrive financially starting this tax season. Here are 8 action items that we recommend to our clients.