How Much is “Rich?” Income Vs. Net Worth

How much money does it take to be wealthy? As I’ve pointed out in previous columns, this is basically an unanswerable question. It depends on too many variables, such as social norms, personal circumstances, accounting methods, lifestyle, and financial...

Avoid “Emergency Room” Financial Planning

“An ounce of prevention is worth a pound of cure.” Most of us are familiar with this tidbit of immense wisdom. That doesn’t necessarily mean we follow it when it comes to either our physical or our financial health. According to a Modern Healthcare...

Financial Planner Retiring? Team Approach Eases Transition

One of the most common reasons new clients seek me out is the loss of their long-standing financial advisor. It’s not unusual for someone to have been with the same advisor for decades. I have clients that have been with me for over 40 years. In my experience, the...

Money Skills Matter For Life Success

A popular money script is to assume that fame, accomplishments, and excellence in one’s field equate to financial security. Like any money script, this can be true in some cases and incorrect in others. But it is interesting to me that the common attitude  is that...

Is Your Advisor Happy? Should You Care?

Watch this video on YouTube “If I could pick up a megaphone and say one thing to the clients of financial advisors it would be to make sure your advisor is happy.” This statement came from a well-respected, nationally known investment advisor with 20 years...

Business Ownership No Self-Indulgent Path to Success

Watch this video on YouTube “Most of my friends assume that business owners spend their money and time on cocaine and hookers.” This jaw-dropping quote came from a young man I was talking with recently about money, investing, and running a business. I was...