Money and You

Looking Beyond Your Student Loans: What Young Professionals Need to Know

August 13, 2020

Imagine you have been out in the work world for nearly a decade and are doing well in your career. As your salary increased you prioritized reducing your student debt by increasing your student loan payments each year. Suddenly, you realize your short-term future includes what once seemed nearly impossible — in a year or so your student loans will be paid off! Uh-oh, new financial decisions to be made. Let’s explore your financial future beyond paying off student debt and how to evaluate and choose the best options for you and your family.

How to Balance Your Off-Kilter Business and Personal Finances Today

April 9, 2020

Just about anyone can start a business.

Get an idea. Fill out some forms. Register with the necessary local and state agencies. Tell the world about your fantastic new service or product.

But following your dreams is never easy — it’s hard work, fear of failure, loneliness, and mistakes. Running a successful business over time takes a lot more than starting up. And running a successful business without undermining your personal life and finances is an entirely different story.

Changing Gears from Saving to Spending in Retirement: What You Need to Know

February 13, 2020

Changing gears from earning and saving your money to spending your savings is a major challenge for most of us. It’s not that sudden massive shopping sprees or a lavish lifestyle are planned by most retirees — the spending usually involves buying routine things. The challenge is in adjusting to where the money comes from during your retirement.

5 Myths about Getting Your Affairs in Order

January 9, 2020

No, It's not only for the wealthy. 

You know it. I know it. Just about everyone knows it. Setting up a will and other “in case of emergency” documents is important. But procrastination and misperceptions make it easy to put off getting your affairs in order. One 2019 survey found that 76% know a will is important, but only 40% have one. Let’s look at 5 common myths that may be keeping you from enjoying the satisfaction and peace of mind that comes from accomplishing an important task for yourself, your family, and/or your business.

How to Finance Your Second Career as Business Owner

November 21, 2019

Buying or starting a business used to be unusual if you were considering a second career. But encore careers as a business owner become more popular each year despite the wide-spread perception of risk. Let's explore what is driving the trend and your options for transitioning in a way that can help safeguard your business dream and your financial well-being.

College Education Funding

July 15, 2019

Three Numbers to Remember: 5 – 2 – 9. Every year we hear that private and public college education costs are rising. And now we hear that college graduates’ debt loads are climbing right along with tuition prices. (According to the 2019 student loan debt statistics the average undergraduate who borrows leaves school with about $30,000 in debt.) The economic downturn a decade ago added some discouraging footnotes to this fact, including a burgeoning list of students dependent on financial aid from higher education institutions and disturbing headlines now asking "Is it worth it to go to college?" 

Buyer or Seller: You Need the Right Business Transition Plan

April 10, 2018

Whether you are a member of the baby-boom generation born between 1946 and 1964, or a member of the generations of younger people that follow, you may be surprised to learn boomers are as likely to buy a business as to sell one.

How to Have the Best Financial Date Night Ever!

December 18, 2017

How to Have the Best Financial Date Night Ever!

Flowers…chocolate…401k? Let’s face it — talking money and financial planning with your significant other on a “date” may not be your first choice for spending quality time together. Even in the best of relationships, discussing money and finances can send two people running in opposite directions. Yet establishing the habit of scheduling an annual financial date night nurtures your long-term relationship and future together.

Are You Making Business Financial Decisions by Default?

September 22, 2017

Back in second grade, it didn’t really matter much if you failed to make a decision. If one of your parents called out into the back yard to ask if you wanted a PB&J or grilled cheese sandwich for lunch and you were intent on climbing the tree and didn’t answer, you suffered no lasting harm from being served your second choice lunch option that day. But things are different now that you’re a business owner.

How to live well today (towards a loan free tomorrow)

July 18, 2017

After the grueling pace of graduate school, obtaining that advanced degree, and finding a great professional career path – you can finally turn your attention to other life choices. One choice that you’ll be faced with is what to do with the substantial student loan debt. More importantly is, how do you balance enjoying life while starting to pay-off those looming large loans?