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

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

Reaching Financial Independence – Non-Financial Tips

Achieving financial independence can be defined as reaching a state of no longer needing to trade your time and energy for money to support your lifestyle. This requires a portfolio to support your ongoing expenses. A quick and easy rule of thumb is to take your annual expenses and multiply them by 25 (this is derived from the “4% rule”). … Read More

Financial Planning Fees Comparison

Financial Planning Fees Comparison

How you pay people for their services is important. It’s certainly just as important as how much you pay them for their services. In the financial services industry, which can largely be divided between advice and sales, incentives play a major role. Understanding how different types of financial advisors are affected by incentives is something all clients need to understand. … Read More

$75K Wiser: Recovering from Bad Financial Decisions

How to Do a U-Turn in your Financial Life

How does one recover from bad financial decisions? Is it even possible? I know it is, because I did it. If student loans, debt, and bad financial decisions are weighing you down, then hear me out; you can change your relationship with money. This is how wasting $75,000 projected me onto a life path of financial responsibility and a career … Read More