November 24, 2020
As business owners, we put a lot of blood, sweat, tears, and, yes, money into our businesses. So, when I said that you should NOT include your business when totaling your assets for your retirement wealth gap calculation, many people bristled at that statement. However, there’s a good reason why you shouldn’t include your business in that calculation. Basically, you don’t know what it’s worth. Even if you’ve had a business appraisal done, it’s still only a ballpark figure. In today’s entry, we are going to look at some of the factors that directly influence the value of your business. Join me as I discuss how to find the true value of your business!
May 7, 2019
As a CERTIFIED FINANCIAL PLANNER™, I’m always looking for ways to increase the overall net worth of my clients as well as myself. Investing in your retirement accounts is obviously one of the easiest strategies to employ when working toward that goal. Additionally, I’m not really a fan of investing in individual stocks, however, with the various apps available, you can often play a little without ruffling your nest egg too much. Which is why today I’m sharing three investing apps I personally utilize to play (learn) and grow my wealth.
March 12, 2019
As a father of three, I’ve often asked myself, “When should I start saving for my kids’ college educations?”. With dollars flying out faster than they’re coming in, where do I find the extra income in my budget… especially when life just happens? However, I feel like I have to start making plans! My kids are rapidly approaching their college years, with my oldest just four years away from beginning her higher education journey. Coincidentally, my kids will be in college for at least 12 consecutive years! So obviously, the sooner I start saving for my kids’ college educations, the better. Yet, before I start saving for college, there are a few things I need to first… and so do you.
October 10, 2018
According to the College Board a 2018 study, named The Trends In College Pricing, by the year 2024, the average sticker price of a public education in a state college is expected to move up to $34,000 per year. For private schools that number is estimated to be around $76,000 a year. Let’s face it, college is getting ridiculously expensive and if you have little ones at home that you expect to help pay for their college, then you need to know how to set aside money for that. 529 savings plans are a particular investment vehicle allowing you to save or put away money specifically for education TAX-FREE!! Yes, you read that right, tax-free. Now, let’s consider what you may or may not know about 529 plans.
August 23, 2018
With today’s ever-advancing technology, tracking your finances has never been easier. No matter what route you’re hoping to take with your fiscal matters, there’s likely a website or app to help you get there. Here are my five top budgeting apps that can and will help you keep tabs on your money.
January 3, 2018
The holidays are over, and it is time to whip yourself back into shape. If you’re like most Americans, you likely blew your diet with tons of holiday goodies. However, your waistline may not be the only thing feeling a squeeze—77% of people blow their holiday budget. If you fall into that category, it’s time to trim more than just the turkey! Get your budget back on track so you can make the most out of the upcoming year.