Financial Planning Workshop Is A Success

financial planning

I’m conducting a personal financial planning workshop at a local bookstore.  In three sessions, I plan to provide an overview of the following aspects of financial planning: saving, spending, investing, retirement, and insurance.

The first session, this past Thursday, was a success.  A small group showed up representing all age groups.  I started with my usual introduction, explaining how each person’s mentality towards money drives their money habits.  With the following visual, I outlined the topics that, when combined, result in balanced financial management.

financial planning

Continue reading “Financial Planning Workshop Is A Success”

Please follow and like us:
0

4 Super Easy Ways to Start Investing – Today

easy investing

THIS POST MAY CONTAIN AFFILIATE LINKS.  SEE MY FULL DISCLOSURE FOR DETAILS.

Start Investing Now

I continue to hear that people are confused about how to start investing.  Honestly, I don’t understand such bewilderment.  If you ask me, investing has never been easier.  Maybe before the Internet, but not now.  There is so much information out there, no one should be at a loss. However, money mentalities are responsible for this.  Everyone has their priorities and if managing their money is not near the top of the list, it gets forgotten.  If someone is immersed in their career or other priorities, their money mentality takes a back seat.  Totally understandable.

Learning how to invest can be a lifetime endeavor, and a confusing one.  With the number of available investments, it can be dizzying to even attempt to understand it all.  Dizziness leads to zone-out, and ultimately, non-action.

Here are a few remedies to ensure that you are participating in the world of investments.

Continue reading “4 Super Easy Ways to Start Investing – Today”

Please follow and like us:
0

Asset Allocation and Annuities

investment allocation

Asset Allocation

Knowing which direction to move toward is a key component of adequate financial planning.

I would like to take a break from the Learning Checklists and talk about my latest research.  Asset allocation recommendations and annuities have been my latest focus.

I don’t like relying on the first thing that I read, for two reasons.  One, I don’t always agree with the adviser and two, it can be too rigid.  Because my nose is in a financial book almost every day of the week, I like to combine all my resources and find the common denominators.  Here are several models:

Continue reading “Asset Allocation and Annuities”

Please follow and like us:
0

Money Learning Checklist 4 – IRAs

money management

THIS POST MAY CONTAIN AFFILIATE LINKS. SEE MY FULL DISCLOSURE FOR DETAILS.

An Individual Retirement Account (IRA) is a great way to accumulate a retirement stash.  It’s also a great way to protect asset growth and investment earnings from taxation.

I highly recommend contributing as early as possible.  IRA contributions can begin when an individual has earned income.  Therefore, it can begin with a teenager’s part-time earnings.  Visit your favorite bank or online broker and open an account if you don’t already have one.

Learn what your maximum contributions are

IRA contributions come with conditions.  There’s a maximum amount that can be contributed and it can change every year.  Know what yours is.  It’s based on your filing status, married vs. single, etc.  The next condition to reach is eligibility for a tax deduction.  Again, it depends on your filing status and whether you participate in your employer’s retirement plan.

For employees that participate in their employer’s retirement plan, a full or partial deductible contribution is still a possibility if the amount is less than the range specified for the type of filer.  You can easily find the current year’s table for the income ranges by filing status by doing an internet search or by looking in the IRS publication.  Notice that I’m not spelling it out, it’s up to you to gain some awareness.

Continue reading “Money Learning Checklist 4 – IRAs”

Please follow and like us:
0

Check out my Facebook page

money page

If you haven’t visited my Facebook page, you are missing out on some great money information.  I pull a variety of interesting money articles from all over the World Wide Web.

Check it out and Follow or Like!

Thoughts on the money Facebook page

Save

Please follow and like us:
0
financial control

Exercise Your Financial Control

THIS POST MAY CONTAIN AFFILIATE LINKS. SEE MY FULL DISCLOSURE FOR DETAILS.
In Stumbling Upon Happiness, author Daniel Gilbert explains a few fundamental characteristics of how the human brain works. He completes the sentence The human being is the only animal that ______, by filling in “thinks about the future.” He indicates that the brain is an anticipation machine and its ability to “make” the future is the most important thing it does. The skill of expecting something next is a uniquely human tool.
In tandem with the faculty of expectation, our minds are built to exercise control.
This was a revealing point for me, and certainly explains a lot. My brain is wired to be in control, and that’s that. I don’t even like riding in the passenger seat. Not controlling the speed of the car and the braking gets my stress juices flowing. Even worse, if it’s not my car, I don’t decide when I can leave. There’s the anticipation factor working its way in. Not only do I struggle with not driving, I am thinking about when the drive home will occur.
I also excel as a project manager. I like to call the shots and make decisions, directing adjustments along the way, and finding solutions.

Continue reading “Exercise Your Financial Control”

Please follow and like us:
0

Free Online Wealth Summit – Vanguard Senior Analysts on Active vs. Passive Investing

wealth-summit

THIS POST CONTAINS AFFILIATE LINKS, so if you click and buy, I will receive a commission.

Free Online Wealth Summit – Vanguard Senior Analysts on Active vs. Passive Investing

 The stock and bond markets can be a fearful and terrifying place, especially considering their effect on your financial portfolio. No one wants to see red numbers on their account statement after all. Unfortunately, that’s part of investing.

On average, the stock market enters bear market territory (a drop of twenty percent or more) about one in every four years. We’re eight years into a bull market now without really coming close to bear market territory.

I found some insight from two of Vanguard’s senior analysts over at the Wealth Summit.  The Wealth Summit is a collection of interviews and panels with thirty or so money experts. Companies like Vanguard, TIAA, and Dimensional Fund Advisors have speakers at the Summit. There’s a New York Times bestselling author as well.

Continue reading “Free Online Wealth Summit – Vanguard Senior Analysts on Active vs. Passive Investing”

Please follow and like us:
0