Learning is Doing – You Can’t Afford Not to Make Mistakes

Not doing anything when you don’t know what to do can be worse than doing something and making adjustments later. I see this all the time with young professionals and their investments. Many of them have built successful careers or businesses in a non-finance or non-investment related field. As such, they haven’t devoted their time to learning about investment strategies … Read More

You Are What You Read – Focusing on Financial Goals

When times get tough, it takes a little more focus to stay on track financially. One strategy for focusing on your financial goals is to literally occupy your mind with your goals. This is a great way to motivate yourself into doing what needs to be done; especially when you may not feel like it.  I’ve used this strategy on … Read More

As a Financial Planner, this is My Favorite Client Service

I’ve been offering investment management services since I was a sophomore in college at the University of Evansville. After receiving my CFP® certification, I offered traditional comprehensive financial planning services like retirement planning, tax planning, and, estate planning. But there’s one service that I enjoy more than all others, financial coaching. Let me explain why. Financial planning and investment management … Read More

Financial Coaching for Millennials

This article is about how and why I’ve turned to financial coaching for my clients. Financial coaching is a relatively new and interesting kind of service in the financial services industry. I became interested in financial coaching for millennials (like me) in 2018 as I was building my own company, uVest Advisory Group, LLC, an investment advisory firm. My goal … Read More

Making Better Tough Decisions

Making tough decisions is by definition — tough. One strategy that I’ve found to work for me is something I picked up from the Autobiography of Benjamin Franklin. In it, Franklin writes about creating a standard “pros and cons” list. But Franklin takes it one step further by assigning values to his pros and cons. The values would represent their … Read More

Crafting a Vision for Your Business

Running a business can be hectic. You will have to be put out fires and fix upended plans at some point. It helps to have a compass of sorts that you can use to get back on track when this happens. The most fundamental compass you can have in your business is a vision. Crafting a vision for your business … Read More

Projecting Business Income from Your New Small Business

Before I started uVest Advisory Group, LLC, my Registered Investment Advisor firm, I wanted to be sure that it made sense to do so from a “numbers” standpoint. Basically, I wanted to project business income for my then hypothetical small business. Projected financial statements are called “proforma” financial statements. I used these statements to map out just how much margin … Read More

3 Steps to Setting Better Goals

“Would you tell me, please, which way I ought to go from here?” “That depends a good deal on where you want to get to,” said the Cat. “I don’t much care where—” said Alice. “Then it doesn’t matter which way you go,”  Alice in Wonderland Setting financial goals is important but people find it difficult. There’s a trade-off between … Read More

3 Small Business Retirement Plans for You

One of the big challenges facing small businesses is providing competitive benefits for employees while also allowing themselves (the business owner) to save for retirement. For example, an employee is likely to have access to employer-provided health and retirement benefits at a large employer; a benefit that may be cost-prohibitive at a smaller firm. Saving for retirement as a small … Read More

The Graph That Changed My Life

When you start investing is far more important than how much you invest or the investments you make. The first time I saw this argument was in a freshman college business class at the University of Evansville. Our dean at the time, Dr. Greg Rawski, was giving our class a lecture on the basics of retirement savings. I don’t remember … Read More