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

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

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

Confidently Choose a Financial Advisor in Evansville, IN: A Millennial’s Guide

choose a financial advisor in Evansville

Are you a millennial who is ready to talk to a Financial Advisor? Are you confused where to start? Choosing a Financial Advisor in Evansville, IN can be a confusing process. That’s because the area, like many other cities, is dotted with a mixture of banks, investment brokerage houses, and insurance companies all offering “financial advisory” services. This is good … 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