My Formula for Financial Success

Growing up we are taught many things: how to read and write, how to tie our shoes or ride a bike, how to multiply and divide, and many other essential life lessons. Yet most people are never taught basic financial habits. Financial literacy is key to experiencing financial freedom and success, so how do you learn these concepts when you are older?

A good place to start is to work with a financial advisor you trust, who can review your current financial situation and customize a plan for you to reach your goals. A good financial advisor will also educate you along the way so you can develop financial independence and confidence. So in the spirit of education, I’m sharing my personal formula for financial success—something I wish I had been taught when I was younger.

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Don’t Let Your Emotions Control Your Wealth

Emotions are a powerful force that can shape our decisions and experiences in life. But when it comes to managing wealth, allowing emotions to take control can lead to detrimental outcomes. It’s essential to recognize the influence emotions can have on our financial choices and strive to maintain a rational mindset.

In the world of finance, fear and greed often tempt us to make impulsive decisions that may jeopardize our long-term financial well-being. By understanding the impact of emotions on your wealth, you can develop strategies to overcome these impulses and make sound, objective decisions.

In this article, we’ll explain why it’s so important to keep emotions in check when it comes to your financial journey, and share practical tips to help you maintain a balanced perspective.

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What is Financial Planning & How is it Different From Investment Management?

When we think of our finances—which can be everything from retirement planning to daily budgeting to investing in the stock market—we tend to call everything financial planning. But is it?

If we called everything financial planning, it would be like calling all vehicles trucks. But in reality, only a handful of vehicles are trucks. There are also SUVs, compact cars, muscle cars, and, well, you get the picture.

When it comes to your finances, it’s important to understand the distinction between financial planning and investment management.

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Prevent Cyber Attacks With These Easy Steps

As a financial advisor, my top priority is helping clients pursue their goals while managing and preserving their wealth. With the increasing prevalence of cyber attacks, the job of safeguarding your wealth is becoming more expansive, into areas we previously hadn’t considered. Now, more than ever, it’s more important to proactively take steps to shield yourself and your financial assets—especially online.

In this post, I’ll share some practical tips and best practices for protecting yourself from cyber attacks. Following these steps can help reduce your risk and keep your personal and financial information safe.

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L's of Later Life: Liquidity, Lifestyle, Longevity, Legacy

For many, approaching later life and entering retirement are synonymous with rest, relaxation, and rejuvenation. It’s an opportunity to live life to the fullest now that you are no longer committed to a 9-to-5 job, or raising a family. It’s a second chance to try new things, experiment, and find true joy in your day-to-day life.

But for just as many, later life can be overwhelming. Upended routines, changing social circles, and looming uncertainties can cause many retirees to feel anxious and lost in this new chapter of their journey. This is especially true for those who may experience divorce or widowhood at an older age in conjunction with navigating retirement.

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Are You Taking On Too Much Risk In Your Portfolio?

Every investor is different. Some people feel comfortable betting on a hot new company that just went public, and some people feel better sticking to more traditional investments. Whatever your preference, it’s important that your portfolio reflects your risk tolerance. Understanding how comfortable you are with taking risks will help you understand whether or not theres too much risk in your portfolio.

You know you need to invest to grow your money into a nest egg that will sustain you in the future, but what can you do to prevent taking on too much risk in the process?

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6 Secrets to Prepare for a Happier Retirement

You don’t work and save for decades hoping for a “ho-hum” retirement. No, you’ve got dreams and plans for this stage of life to be truly “golden.”

So what does a happy retirement look like for you? Every retirement looks different, and it’s important to create one that works for you. Let’s uncover our top tips on how to achieve a retirement you can be happy with.

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Happy Thanksgiving: Here's What We're Grateful For

Can you believe 2022 is already winding down? If there’s ever a time when we need to stop and take stock of all that we have to be grateful for, it’s now. With the dramatic events of the last two years, many of us were hoping that 2022 would be a fresh start. Although this year brought its own set of challenges (and it would be all too easy to focus only on the bad!), we are using this Thanksgiving season to cultivate a heart of gratitude and acknowledge the many things we have to be thankful for.

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The Financial Advantages of Diversification

Change can be difficult to put into motion. We get used to our routines, our favorite take-out spot, a certain hairstyle. If we do something different, what if we don’t like the result?

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The Top 5 Retirement Planning Challenges to Avoid

Retirement is a brand-new journey, unlike anything you’ve ever experienced. You are leaving behind the security and comfort of a steady paycheck and structured schedule and trading it for the unknown of finite resources and endless free time. It can be quite a shock to your system and may take a lot of time to adjust to a new way of life. You may be asking yourself if all your hard work will pay off.

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