Refining the vision
With kids in middle school and becoming increasingly independent, the family’s financial priorities have likely shifted from the early parenting years. You or your spouse may have reentered the workforce, changed jobs or maybe started a business. Perhaps you bought a larger house, went through a divorce or saw your retirement savings shrink in the market downturn. Meanwhile, your child’s college years are growing ever closer.
Now is the time to review priorities and refine your college savings goals. So, let’s put a price tag on that vision.
Yes, college costs will change by the time your children are ready to enroll. But working toward a poorly defined goal is one of the best ways to produce well-defined stress. (more…)
Healthy living is not just a fad; is not just something to do to feel better now. Unexpected health care costs can have devastating effects on your retirement, regardless of how diligently you’ve prepared yourself. When you ask yourself the question, “What is retirement planning?” health and wellness must be included in the answer.
A qualified finance planner can help you with every aspect of personal retirement planning; including investments for retirement, as well as helping you understand the value of health and wellness in retirement. (more…)
A Six-Figure Investment: First, Figure Out Your Values and Needs.
Then You Can Help Your Kids.
As every parent knows, college isn’t cheap. Tuition plus room and board can range anywhere from a few thousand dollars to more than $35,000 a year. Multiply that by four, and add in an average 7% annual tuition increase and it’s easy to see why saving enough for college is one of the biggest concerns of my financial-planning clients.
This task is made doubly challenging by the simultaneous need to save for our own retirements. But it can be done! (more…)
Individuals in mid-life and beyond are increasingly viewing retirement not as a time to relax, but as a time to explore their potential. It was Abraham Maslow, a psychologist, who gave us the term, “self actualization.” He called it man’s desire for fulfillment, “to become everything that one is capable of becoming.”
For many, the path to self-actualization is through their “work”—which should be defined as the productive activities, paid or unpaid, that gives their lives meaning and a sense of purpose. Helen Harkness wrote that linking work to the need for meaning has been a natural evolution: (more…)
As more research into the reasons some grow wealthy while others do not is proving, a person’s mental attitude or state of mind is critical to financial freedom – however you define it. Like so many things in life, human beings are able to talk themselves into just about anything. So, why not talk yourself into becoming financially successful – or – rich?
In Napoleon Hill’s classic book “Think and Grow Rich,” written in 1937 during the Great Depression, he shared the principles that he used to pull himself out of poverty and to help others do the same. None of these principles deal with specific earning or investing skills, but with creating the mental attitude that creates the fertile soil of wealth building.
In an article for CNNMoney, for Money Magazine titled Trick Yourself into Getting Richer, the five authors rely heavily on the book “Thinking, Fast and Slow,” by Nobel Prize-winning psychologist Daniel Kahnemann, in which he “explains that human brains are of two minds: the fast, intuitive decision-maker and the slower, more analytical ponderer.” The idea is to try to “trick” oneself into thinking like a rich person. A few of the more effective tricks would be… (more…)