December 12, 2020
Financial New Years Resolutions

18 Financial New Year’s Resolutions for 2021

We all do it at the beginning of every year; make resolutions with the intention of keeping them. And while you have kissed 2020 goodbye, it doesn’t mean you’re ready to tackle 2021, especially when it comes to your finances. So we here at Financially Simple decided to help you become happy, healthy, and wealthy (to some degree) with 18 tips to help you clearly define and keep your financial New Year’s resolutions for 2021.
December 1, 2020

How to Calculate The ROI of Investment Property

As we continue our deep dive into bridging the retirement wealth gap, I want to take a look at a subject that affects so many of us. There are so many people who deal with this type of asset that it is one of the largest types of asset holdings in the investment world. I am speaking, of course, of real estate. Up to now, we’ve tackled how to calculate our wealth gap, business ROI, and even taxes at the time of sale. But in today’s entry, we will focus on how to calculate the ROI of investment property.
March 22, 2019
Profit and Loss - Reading Your Company's P&L Statement

Profit and Loss: Reading Your Company’s P&L Statement

Often, business owners typically look at their Profit and Loss Statement at the end of the year. And while they may glance over the report, entrepreneurs know that P&L Statements are important to the “financial guys.” However, most business owners don’t know how to read the reports. If you are one of those business owners, then you are crippling your financial department. Without your P&L’s story, you cannot create a transformative business budget nor can you build a pro forma. So today, let me show you how to read a P&L Statement.
March 19, 2019
Where Do I Invest My Money for the Maximum College Savings

6 of the Most Popular Investment Options for College Savings

If you’re ready to start saving for your children’s higher education expenses, then you may be wondering where you should put your money in order to receive the best benefit. Thankfully, you have a myriad of investment options for college savings. Let’s look at the most popular.
March 7, 2019
target date fund million dollar investing mistakes

Are You Making a Million Dollar Mistake by Investing in Target-Date Funds?

Last week I was meeting with a client, and we discovered a one million dollar mistake specifically related to Target-Date Funds in his 401(k). Are you making the same mistake? Let’s dig in and find out.
March 5, 2019
Why You Will Never Retire to a Life of Leisure

3 Reasons Why You Will Never Retire…to a Life of Leisure

We all have hopes and dreams for retirement — traveling, relaxing, playing golf every day. Personally, I see myself sitting on a beach after a morning of wetting a line (a.k.a. fishing)… basically enjoying the vacation life every day. However, unless you take necessary steps you simply won’t be able to retire to the full lifestyle they often picture in TV commercials and magazine ads.