Financial Life Planning – That’s Right, Another Plan for a Better Life

Family PlanningI already know exactly what you’re thinking as you read the title of this piece, “Oh no, not another plan to make my life better! I’m all planned out!” I understand; I really do. The good news is, this type of planning is not another plan, it’s more like a merging of plans; the merging of your finance planning goals with your goals for life.

What is Financial Life Planning®?

Financial Life Planning is a holistic process that puts your interests first and focuses on increasing your sense of financial well-being and life satisfaction. Initially, this process will help you to clarify your values, priorities, circumstances, and aspirations; and then guide you in defining and designing your unique version of the “rich life.” In addition, Financial Life Planning will increase your understanding of the habits and attitudes that will facilitate your financial and life goals and support successful life transitions. (more…)

Conscious Spending – How do You Manage Your Cash Flow?

Huh? Yep, it turns out, simply depositing a paycheck and paying bills has nothing to do with cash flow. That is just making and spending money. Anyone can do that. Managing your cash flow though is another matter – an important one.

A certified finance planner can coach you in effective cash flow management, helping you to discover where you are spending your money, and how to better control the flow of cash through your fingers. This is known as “conscious spending.” (more…)

Defining “True Wealth”

By “how much is enough?,” I mean the amount that will allow you to stop driving so hard professionally should you choose to do so.  I mean the amount that will allow you to feel safe, the amount that will compensate for risking hard-won relationships, the amount that will affirm your feeling good, smart, successful, accomplished, in control.

Pamela York Klainer
How Much is Enough?

How much is enough?  What does this mean to you?  As author Pamela York Klainer explains, “The question is deceptively simple, but the answer is critical to integrating money with other aspects of your life and finding happiness.” (more…)

Emotions and Investing – Don’t Just Feel It – Think It Through

Did you ever bet on a “Sure Thing” – and lose? Have you recently jumped on a market trend, only to miss the big return that “everyone else” seemed to enjoy? Do you sometimes “go with your gut,” only to realize you were not really making a smart choice – you simply had indigestion? How’s that tummy feeling now?

A personal finance planner is exactly what you need to help you avoid emotional responses to an irrational market.

“Yes, we live in trying times, and investors should be concerned about a feeble economy and volatile, often irrational markets. But now more than ever, we need to shunt aside emotions and approach our investments with logic and detachment, and take a long-term view,” writes Bob Frick, Senior Editor, Kiplinger’s Personal Finance in a timeless Kiplinger’s personal finance article “How to Be a Better Investor.” (more…)

Conscious Spending: How do You Manage Your Cash Flow?

Huh? Yep, it turns out, simply depositing a paycheck and paying bills has nothing to do with cash flow. That is just making and spending money. Anyone can do that. Managing your cash flow though is another matter – an important one.

A certified finance planner can coach you in effective cash flow management, helping you to discover where you are spending your money, and how to better control the flow of cash through your fingers. This is known as “conscious spending.” (more…)

Feeling Down About a Down Payment in the Bay Area?

By guest: Brian Lee

Is anyone surprised that Atherton is the country’s most expensive housing market? A recent Forbes article reported the town has a median home value of more than $6.7 million. Atherton also topped that list a decade ago, but back in 1998, the median home value was more than $1.4 million. These days, $1.4 million for a Peninsula home seems like a bargain.

Navigating the local housing market requires some expert help, so I’ve asked Coldwell Banker’s Brian Lee for advice. Brian is a real estate agent who serves the Half Moon Bay area and the Peninsula. (more…)