Money 101 - Basic Money Principles

Understanding the basics of money principles is always a great place to start making your life… Financially Simple.

January 26, 2021

Stimulus: Should Business Owners Pay Off Debt or Invest?

Recently, the government approved the second round of economic stimulus checks for the American people. With the influx of cash, many business owners are asking how it would be best put to use. In today’s post, we will address how business owners can use the stimulus to their advantage, using principles that can be applied to any sudden windfall. Should business owners use the stimulus to pay off debt or invest?

January 19, 2021

Why Your Lifetime Savings Rate Matters

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!

January 12, 2021

How to Calculate Your Income Savings Rate

One of the most common questions I hear from our clients is, “How am I doing?” As we lean into this question, quite often, the clients begin to compare themselves to their peers. However, I believe that there is a much better example for them to compare themselves to… themselves! To truly know “how you’re doing,” all it takes is a simple calculation. Join me as I explain how to calculate your income savings rate.

December 15, 2020

How To Avoid Christmas Conflicts

Christmas is upon us and it truly is the most wonderful time of the year. Everywhere you look, there are festive and cheerful decorations. The spirit of generosity and goodwill toward men is thick in the air, and so is the wonderful aroma of pies, cakes, and Christmas cookies. Folks, I love Christmas time. But as wonderful as it all is, it brings about its own unique stresses. That’s why I’ve decided that today’s post will discuss how to avoid Christmas conflicts.

December 8, 2020

The Calculation: The Wealth Gap Formula Put To Work

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

December 3, 2020

Assuming An ROI for Your Wealth Gap Calculations

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.