Wall Street is a several block long span located between Broadway and FDR Drive in lower Manhattan. It’s synonymous with investing and corporate finance. Wall Street also represents a particular investing approach that just happens to be false. To be sure, the basic premise of Wall Street as a place for publicly traded companies to […]
Tag Archives | financial discipline
Just like your favorite play, life is organized in distinct segments or acts. Each act has a specific focus and aim. Act One is dedicated to learning, growing and building career capital. Act One might encompass roughly ages 20-45. Act Two is where you have the opportunity to save and accumulate financial capital. Act Two […]
All of us have had the experience of traveling somewhere that is new and different. We have some expectations and beliefs about the place and we pack our suitcase accordingly…
It’s easy to talk about the positive, sometimes life changing value that financial planning can provide. That said, however, there are a few things that financial planning can’t do. 1. Financial Planning can’t make you a saver. Many of the prospective clients we see are way behind in saving for their financial future. The planning […]
The three words, “Don’t do that”, might be among the most valuable advice we convey to clients. Sure, clients may disagree with or not follow every single aspect of our advice, but there is little value received if most of the advice is not followed.
One of our clients, years ago, said that the most valuable thing that we did for him was to provide “radical candor.” Those are strong words and perhaps the reason candor is “radical” is that it is rare in the realm of financial services.
We can see the future. No, not by making market predictions or forecasts but by observing just four variables. These variables directly impact everyone’s future…
We talk a lot about financial planning goals but the reality is the multiple doors…the many choices available, complicate the process of setting active goals. Let’s walk through the three-step process for setting goals in your financial life…
The “run-up” period before retirement is probably the most important financial segment of your life. This phase, generally a few years to a decade before retirement is fraught with danger as missteps during this time have long lasting implications. Here are the four primary questions that you should ask yourself before you fully retire. 1. […]
Very few clients that we see have financial issues, goals or constraints that apply only to themselves. Rather, their concerns apply to their broader, extended family which may include adult children, grandchildren, parents and others. Modern families give rise to modern family finance. In times past, personal finance was more narrow and certainly […]