July 12, 2021
In my last blog, I addressed a listener question. With today’s entry, I’d like to answer another question. Although similar to last week’s question, this one looks at the cost of hiring a comprehensive financial planner from a different angle. As you read through this entry, you will learn what comprehensive financial planning actually entails, as well as the average cost of hiring a comprehensive financial planner. Whether you’re just beginning to think about hiring a financial planner, or you’ve used one for years, this entry will provide you with some valuable food for thought.
March 18, 2021
As entrepreneurs, we have a well-deserved reputation of being control freaks. We care so much about our business and our clientele that we would rather run ourselves ragged, handling every part of our business, rather than risk someone else making a mistake in it. In fact, I recently had a client tell me, “Justin, I can handle most things as long as my hands are on the wheel.” I believe that’s a sentiment that most of us can relate to. However, giving up control of your business might be the best thing you could ever do for it. I know it hurts to think about it, but that’s why today’s entry is all about how to relinquish control of your business.
January 19, 2021
Do you ever think about how much money you’re putting into savings? What percentage of your lifetime income have you saved? The truth is, most of us don’t consider these things. But saving money for your future is one of the most important things you can do. That’s why I’ve chosen this topic for today’s post. Join me, as I explain why your lifetime savings rate matters!
December 8, 2020
Over the past few weeks, we’ve spent a lot of time talking about your retirement wealth gap. We’ve covered everything from inflation and normalizing your income to assuming the ROI of your business and your investment portfolio. Now that we’ve laid all of the groundwork, it’s finally time to identify the wealth gap formula. Today’s article will pull everything we’ve learned to this point, together and show you exactly how to calculate your own retirement wealth gap.
December 3, 2020
Whenever we talk about calculating our retirement wealth gap, a common question comes up. This is the question of investment assumptions. What should we assume for our ROI when making these calculations? This can be a complicated issue because one of the ways to find the answer is to look at historic data across market indices.
December 1, 2020
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.