May 25, 2017
how a true wealth manager views your life.

How a True Wealth Manager Views Your Life

How a True Wealth Manager Views Your Life Hey, guys! Justin with Financially Simple here to help you understand how a wealth manager views your financial life. Most people think a wealth manager is just someone who invests money, but that’s not really the case if they are a setting up a comprehensive plan. Investing money is just one aspect of what we do. For example, think of your life as a box. Everything in the box is something you can control. We can either google to learn more, ask friends and family for advice or even hire professionals to help us build the custom life we want to have. Those areas are cash flow, risk management, investments, and distribution. What You Can Control Cash flow is how much money do we make and how do we make it. So few people know exactly where their money is spent. It happens far too often. This is why I stress budgets. They’re important for both the home and business. Risk Management is everything that has the word insurance on it and the legal documents we use to protect it. Many people don’t plan their insurance packages, rather they buy it on […]
May 24, 2017
liquid net worth matters

Liquid Net Worth Matters and Why

Finance is a multifaceted subject. It cuts across various aspects of human life and at certain times knocks the wind right out of us. For instance, today as I met with a client, we considered how to calculate liquid net worth. Yeah, I know liquid net worth doesn’t garner the attention that net worth alone does. However, both calculations have their place in your finances. So I’m going to share a little about why liquid net worth matters and how you can figure yours out. If you’ve never heard the term liquid net worth, then perhaps you are wondering what the difference between the two is anyway.  The difference is probably simpler than you think. Liquid net worth is more in depth than just net worth. With so many of us struggling to keep up with money as it is, let me explain in a little more detail. Imagine you walk into a bank, and the teller asks, “ What is your liquid net worth ?” Perhaps you look at the teller like a calf looks at a new gate?! (a little farming humor)  You’ve never took the time to figure it all up because you know liquid net worth is […]
October 18, 2016
2016 Election and the Stock Market

The 2016 Election and the Stock Market

Over the past few months, the election and the stock market are topics of discussion on everyone’s lips. Now we are less than a month away from the big day. Despite much debate regarding how the outcome will affect different areas, we have yet seen how it will affect the stock market. With the United States as a key driver of the global economy, the result is likely to yield a reaction. No matter which of the paths we take, we can be sure after the election things will look very different. Overall, we should see a huge impact on health care, taxes, federal regulations, immigration policies, and more in the coming years. However, before we make predictions regarding this election and the stock market; let’s see what effect previous elections had on the stock market and global economy. Which combination is best? According to history, the stock market performed a lot better when the incumbent party won the election. Regardless of which party is that retains the seat, the election results helped the stock market to stabilize. With this being said, there is a slight swing for Republican Presidents but nothing too noticeable. While the decision of who sits […]
September 28, 2016
Should I pay off my mortgage

Should I pay off my mortgage or invest?

So this article is about a very interesting question and which is Should I pay off my mortgage or invest? Let’s find out. Recently, I was having coffee at Starbucks with a client when I asked him this question, “Should I pay off my mortgage or invest?”  I told him that I personally was struggling with planning in this matter (YES!! Even a planner questions their decisions occasionally!!).  After generically discussing the subject, I decided to research the topic in greater detail to see if I could come up with a definitive answer to the age-old question: Should excess funds within my budget pay off my mortgage or go toward investments? Should I pay off my mortgage or invest? You’ll find an array of answers on this matter from a variety of financial gurus; with some of the top names in the industry disagreeing! Professionals and laypeople alike all weigh in with their opinions. Forbes,  The Fool, and even Clark Howard have all chimed in recently. So is there really a conclusive answer? Here’s what I came up with after much research. I boiled the answer to this conundrum down to two main points.  One is a black and white answer, while […]