When taking on a partnered client, it takes two. I always want to meet with both parts of the couple. Sometimes, I am often disappointed to find women don’t want to play an active role in money matters. Planning investment strategies and long-term finances takes active input from both wife and husband.
Creating Financial Plans
Getting your finances organized in the first place is hard enough without constant saving, managing and scrutinizing every bank statement. Yes, you need to have a plan. But you also need to relax.
Two things people avoid talking about are death and money. Combining the two is estate planning. These conversations, though difficult, provide clarity and prevent conflicts. Here are three conversations you need to have.
Your training to live a healthy financial life began in our first article, and you may be coming to realize that your budget is more out of shape than you thought. Like reading healthy recipes and counting calories to develop good eating habits, tracking your spending is the first and most important step toward achieving your financial goals.
Organization, efficiency and discipline are the three primary steps of financial planning. Organization is knowing where your money comes and goes. An efficient portfolio means a better chance of profits, and discipline keeps you on the right track.
Much like getting in shape, losing weight or working out more, living a healthy financial life is easier said than done. If you’re like many people, finances may overwhelm you. How do you replace the fear with a roadmap and resources to start you building your plan?
What’s the real difference between investing and planning? If you’re like most people, you confuse the two or inevitably emphasize investing because the market gives you headline results you can see – and let’s face it, investing is just more fun than planning to talk about. Fun’s fun, but just remember why you invest.
However much you make or save now doesn’t promise you a bright financial future. Life is unpredictable. Follow these 10 tips to prevent you and your family from money troubles.
What’s the primary reason to invest in stocks and bond? To build assets for your retirement. For some, that may be a long way away, so they focus on more short-term needs. That’s a mistake. You need a plan.
Two-thirds of Americans have no financial plan, a Northwestern Mutual survey shows. And of those who do have one, it too often is flimsy.
Do you want to more easily change your over-spending behavior? According to some new research, maybe all you need is to count your life’s blessings. A mindset of gratitude gives people the patience to handle money better.