Posts on wealth management tips
In my own investing for over 40 years and working with financial coaching clients as an AFC (Accredited Financial Counselor), I know the complexity that can come with having multiple investment accounts at different places vs the simplicity of using one brokerage firm. Should all investments be in one place? Benefits of having all your …
Last week as I picked an abundant fig harvest, I couldn’t help but think about how much my fig harvest parallels the wealth building fundamentals I’ve learned (many the hard way!) from investing in dozens of different assets and strategies over the past few decades as a personal investor. These wealth building fundamentals are …
Wealth Building Fundamentals Inspired by My Abundant Fig Harvest Read More »
Does everything you need to know about investing really fit onto one side of a cocktail napkin as touted by more than one wildly famous financial author? Well, the answer depends on: Your personal wealth plan How long you have to save and invest Your net worth How much money you need to retire …
Beginner To Advanced Investing Strategies | What’s Best for You? Read More »
Inflation is a lurking but serious danger that can destroy your ability to live well in retirement. If you’re wondering how to account for inflation in retirement planning, the main thing is to simply do it. First, use calculators that factor inflation into the numbers. Next, plan for inflation a little higher than what you …
How To Account For Inflation In Retirement Planning Read More »
Stock market returns by decade are often used as markers for measuring past performance and estimating future performance more reliably for retirement planning purposes. And we all know that stock market gains can be excellent passive wealth builders in most decades, so let’s see what happened last decade, and how can we use that data …
Stock Market Return 2010 through 2019 and Why You Care Read More »
Managing risk in the stock market becomes more important as you get older. We all learned this from the challenging 2000 decade when the stock market (S&P 500 index) had an annualized negative return of 2.72% (excluding dividends) for the entire 2000 decade! If you’re wondering how to manage risk in the stock market, investing …
It’s been said keeping wealth is harder than getting wealth. You may be wondering how to keep your wealth safe. Cyber security, mail fraud, bear markets, liabilities, leverage and lack of diversification all pose risk for your wealth. In this post, I’ll address 11 ways to help keep your wealth safe from each of these lurking …
Updated May 2020 You may find yourself in the fortunate situation of having wealth, yet you may feel uncertain about how to manage wealth, having never really been wealthy before now. Taking care of your wealth is sort of like parenting. You don’t know how until you’ve already done it but you feel like …
5 Holistic Steps to Manage Your Wealth (As the Leader) Read More »
Deciding how much of your net worth to keep in cash is a huge part of managing risk while building wealth, as well as contributing to a peaceful existence. The simple formula to figure how much of your net worth should be in cash is the amount you need to cover all your living expenses …
How Much Of My Net Worth Should Be in Cash (Liquid Net Worth, Cash Percentage) Read More »
Managing your wealth is like raising children: You don’t know how to do it because you’ve never done it. By the time you know how to raise children, the kids are grown. Managing wealth is similar. Here are 9 wealth management tips that will help you keep and grow your money while enjoying the journey. Don’t …
