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Financial Therapy a Resource for Family-Owned Businesses

“Mom and pop shop.” This common term for a small family-owned business makes it sound like a cozy little operation where the owners live and work harmoniously together to make their shared dream come true. The reality, for couples who are both personal and...

When Ethical Financial Advice is “Don’t Hire Me”

“If I was your financial adviser, I would tell you that engaging me is not a good deal for you.” I’ve told hundreds of prospects this over my nearly 40-year career as a financial planner. I can make a good argument that almost everyone would benefit from...

Taxes, Emotions, and Your Money Scripts

Someone recently asked if I knew of a CPA that was trained as a financial therapist. I admitted I didn’t. I even chuckled at the peculiar combination—until I realized it’s probably just as peculiar for an investment-loving CFP like me to be trained in financial...

Eviction Moratorium Leaves Small Landlords Struggling

One of President Biden’s early executive orders extended the temporary national moratorium on evictions for nonpayment of rent that began on September 4, 2020. The moratorium is intended to help renters struggling to make rent payments because of the economic impact...

Cost of Living and Minimum Wage

President Biden’s coronavirus stimulus package has the intention of flooding the economy with money at a time when economic growth is sputtering. Ironically, it contains one provision likely to create exactly the opposite of what he intends: raising the national...

GameStop, Reddit, and “Rigged” Stock Market

When there’s drama in the stock market, I often learn about it at the gym. Case in point: the recent headline-grabbing hullabaloo about GameStop and Reddit. Apparently, some limited partnerships (the slang is “hedge fund”) decided to...