Welcome to part 2 of our back to basics of financial planning series. Now that you know how to become a master of cash flow, the next step you may want to ask is where should I invest the money that is left over in my budget? That is the wrong question! Yes, investing can[…]
In the next two blog posts, I want to go back to the basics of financial planning because even the most seasoned pros need a refresher every now and then. Let’s start with mastering cash flow. Despite being a generation that goes out more often and makes more purchases, Millennials are still spending less on[…]
How many times have you clicked on that article online that started with “Top 5 Ways..” or “Quick tips to..”? Probably a lot. We work hard on many things in our lives, but sometimes we all want a shortcut. Just like there is no miracle juice drink or 5 minute workout that will get you[…]
Many Millennials are delaying traditional life milestones that 20- and 30-somethings in the past would have already achieved such as getting married, buying a house or starting a family. We have a lot on our plates trying to achieve our goals of paying off student loans, saving for retirement or starting a business. Believe me,[…]
For many Millennials, having a baby is the next big life step, however we are waiting longer to have kids then prior generations. Why? One reason is because we want to be more financially secure. We are doing more planning in advance and understand that we have existing financial challenges to manage. Raising children is[…]
Then comes baby in an $899 baby carriage. Yes, if you want to be strolling around town in the UPPAbaby Vista then that’s what it will cost, and that’s before the snack tray and cup holder. Having a baby is expensive any way you look at it. In areas major metropolitan areas like New York[…]
You are crushing it in your career and have found love! Mazel Tov! You and your partner have decided to make it official and tie the knot. Now what? I’m not going to give you any wedding planning tips because Heather ran that show. However, I can share some advice on financial planning topics to address[…]
First comes love…or does it? A lot of Millennials I know actually are putting career before love. I get it. Especially in a city like New York, I find so many Millennials that are incredibly driven and focused on crushing it in the business world. The entrepreneur mentality means that we become enveloped in our[…]
Let me share a story with you. Tom and Jane are a Millennial couple who just got married and are looking buy their first house. The have saved up some money but have student loan debt. Unfortunately, Tom just lost his job leaving them with only Jane’s income to pay the bills and the loans. […]
Are you getting a tax refund this year? The answer is probably yes because the IRS says that most taxpayers do get money back each year. Sadly, that is not the answer financial advisors like myself want to hear. Why? Because that means you just loaned the government money interest-free. The federal government had your[…]