Financial Life Planning is a holistic process that will help you to clarify your values and guide you in defining and designing your unique version of the “rich life.”
Goal setting is an essential component of this process, and a powerful tool for experiencing what is most important to you. When you imagine what you want your life to be like and what you want to achieve, these images will become the basis of your life and financial goals.
In addition, when you translate those images into words and write them down, your goals will become clearer and more compelling. You will derive many other benefits from goal setting as well: (more…)
As you are packing for a trip to another city, you prudently decide to check the 10-day weather forecast there. If it will be cold, you pack a heavy coat. If it is supposed to rain, you bring an umbrella. You want to be prepared. Similarly, you want a financial plan that anticipates the unexpected. (more…)
The day has come. Your little baby has grown up and is now ready to leave the nest. He or she has graduated high school and is preparing for the next big step. Whether it’s college, a gap year, a year abroad or any other life adventure that lies ahead, this time can be filled with emotion for you and your child.
Ronald Reagan famously described inflation as being “as violent as a mugger, as frightening as an armed robber and as deadly as a hitman.” While the inflation experienced under President Reagan was all those things, inflation over the past decade would struggle to get a ticket for jaywalking. (more…)
Donating to a nonprofit organization is a wonderful way to make a positive impact on an issue that connects to your values. Currently, 2.7 million nonprofits in the U.S. are looking for donors and volunteers1. The opportunities to support a nonprofit can seem endless and overwhelming.
Regardless of how or where we choose to give, most of us would like to feel confident that our financial donations are being used wisely. Thanks to technology and some out-of-the-box thinkers in the social sector, we now have a bevy of new tools at our fingertips and excellent educational resources that will guide our giving in a smart and purposeful way. (more…)
As I mentioned in a recent post, Are SMART Goals Wise? certain types of goal setting may actually be limiting rather than liberating. The principle of SMART goal setting is that your goals must be Specific, Measurable, Attainable, Realistic, and Tangible. I believe that while these types of goals can be helpful in some situations, they can pull us back into the frame of measurement and competitiveness, shutting down creativity and vision. (more…)
I became a mom for the first time in 1999. Three kids and nearly 14 years later, I have used many ineffective parenting techniques. Time-outs turned out to be one of the least effective. Especially with my youngest, Sammy, time-outs turned into a real battle – a losing battle – and MOM was the loser! (more…)
There’s a little secret associated with your workplace-sponsored retirement plan. Most participants think their plan is free — that it doesn’t cost them anything to join, contribute, and invest. Unfortunately, that’s not entirely true. (more…)
In The Thinker’s Way, author John Chaffee describes the word “value” as “the general term we use to characterize anything that possesses intrinsic worth, that we prize, esteem, and regard highly based on clearly defined standards.” (more…)