September 8, 2017
the Correlation Between Money and Happiness

The Correlation Between Money and Happiness

It is a decades age old question. Can money buy happiness? Ask any given person you meet and the typical answer varies. Some say no while others say yes, or at least it can help! Whatever your take on the correlation between money and happiness, there’s no denying science; and science says it does. A recent study stated that money can buy happiness if you spend it to free up your time. I don’t know about you but I think that’s a fantastic idea! According to the study, 28% of the respondents claimed they were happier when they spent money on tasks they did not like doing. I love running my tractor but I hate painting, so I’m much happier to pay someone else to paint. Another study by the AARP also demonstrated the correlation between money and happiness. They found those that saved more money toward their retirement claimed to be happier than those that didn’t. The research also stated they seemed to sleep better at night. So you probably thought you would never hear a CERTIFIED FINANCIAL PLANNER™ say go out and spend some money! However, you have my permission, as long as you follow two simple rules. First, […]
September 1, 2017
steps to prepare for a storm

Steps to Prepare for a Storm

No matter what your religion is, you have probably heard the Bible verse, “Love thy neighbor as thyself.” Or what many refer to as the Golden Rule, which can be found in many religions. Additionally, if you watched any news lately you know that’s exactly what is happening in Houston, TX. As Hurricane Harvey made landfall last week, millions around the country prepped to help with relief efforts. With the amount of devastation, all these efforts are great; however, Texans will be cleaning up long after others that came to their aid have gone home. Major disasters leave more than just physical clean up in their wake. Financial reconditioning will take place as well. As a financial advisor in Knoxville, TN, I am obviously ready and up to the task of helping those dealing with financial displacement during Hurricane Harvey. However, even if you are not dealing with the devastation from this hurricane, your storm is coming and you’ll want to take some steps to prepare. Preparing for the Storm The first order of business is making sure you have the proper insurance. Keep in mind that homeowners coverage typically does not cover floods, which is what most of Texas is dealing […]
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 […]
October 6, 2016

Why Deutsche Bank Isn’t Lehman

Over the past few days, I’ve gotten several questions about the Deutsche Bank dealings. The news of the bank’s woes is prompting some people to compare it the Lehman Brothers demise.  Is it a fair comparison? Not really and here’s why. Why did Deutsche Bank affect markets? With markets already seesawing from the current presidential race and the possibility of interest rates rising, the Deutsche Bank crisis is just another crashing wave in the sea uncertainty. For a brief moment, you had one of the world’s largest banks causing investors to agonize. They questions, would there be another “Lehman moment” sparking a new financial crisis? The scandal-prone German banking giant is about to face some serious financial penalties here in the states. The bank is in hot water for its role in the financial crisis; the bank’s problems are causing key clients to distance themselves. This has analysts worried about the firm’s financial health. The woes negatively affected the Dow Jones Industrial Average, causing a 200 point drop on Thursday.  A similar loss of confidence in 2008 with Lehman Brothers caused counterparties or major clients asking the cash-strapped firm for their money back. This triggered its collapse and the beginning of the financial crisis. […]