It’s Vacation Time!! Why you should be planning your vacation now!

Executive Summary: – more vacations correlate with more raises and bonuses – More vacations correlate with increased productivity – More vacations correlate with better health outcomes Here I will lay out the argument that taking more vacations makes more sense from a personal finance and health perspective. Personal financial advice, unfortunately, tends to encourage self-denial and perpetually delayed gratification; this … Read More

Cash Flow!

Introduction An Analysis of Budgeting Advice Self-help advice sometimes seems to be needlessly specific. I consider budgeting to be one of the realms of self-help advice that employs needlessly specific advice, i.e. “do this particular thing and only this particular thing if you want success”. Here, I will attempt to generalize that advice. I’ve written in the past about managing … Read More

Smart Ways to Use Your Tax Refund

It’s tax season again which means many people are hoping for a refund check soon. If you’re one of these people here are some suggestions for making the best use of your tax refund money. Establish emergency savings I know what you’re thinking; this has got to be the most boring use for a tax refund but hear me out. … Read More

Setting Financial Goals

Specific and explicit financial goals work to guide your money decisions, and are so important that it’s usually the first question I ask a new or prospective clients when I begin working with them. However, most of the time I get a blank stare in response to the question. For example, if I ask people to tell me their goals … Read More

Practice Gratitude

Did you know you can practice invoking certain thoughts and feelings? It’s true, many times our thoughts and feelings, just like our actions are habitual; meaning we just do them on autopilot without thinking about them. By consciously bringing to mind certain thoughts and feelings around certain stimuli, we can set ourselves up for creating helpful cognitive habits. How can … Read More

Quit Creepin!

Have you ever wondered how people like Michael Jackson, Fifty Cent, and Burt Reynolds end up bankrupt? Here’s how: It’s called lifestyle creep. Lifestyle creep refers to our growing spending habits as we earn more money. As we earn fatter paychecks, we also start to buy nicer things, eat out at nicer places, drink fancier drinks, vacation in pricier resorts, … Read More

Top 5 Cheap or Free Investing Tools

I would like to review some of my favorite investing tools that I’ve used over the years and that anyone who can operate a smartphone can use regardless of their investment knowledge. You don’t have to be an investment professional to start learning about investing your own money. There are enough resources available to the everyday investor to learn how … Read More

Give a little, Get A LOT

Recently I made a spreadsheet to see how the percentage of the income we save, affects our wealth when we retire. Specifically, I wanted to see the magnitude of difference that small increases in savings can have at retirement. I assumed two fictional employees, Greg Green, and Bob Blue, both making $35,000 a year and starting out by contributing 5% … Read More

How to become a millionaire

Do you know exactly how much money you want to have before you retire? Do you have a plan to get that money? My guess is probably not. But here’s why you should. Most people, especially fellow Millennials, think about their working career in a way similar to their parents. They wake up, go to work, come home, rinse and … Read More