If you know me, or have visited my website, I'm sure have grown to realize that I am a supersized advocate for passive income. I believe that growing a diversified balance of income streams will set the foundation for financial independence more quickly than savings and traditional investing alone. The concept is not hard to understand for most, but implementation and knowing where to begin in this path can pose a challenge. So today, that's exactly what we're going to address. I will highlight some different methods of passive income investing in addition to the pros and cons, and possible barriers to entry for each product.Read More
Newly hitched, you say? Congratulations on that new finger bling! This is great time of your life, no question; but you have to take steps to help ensure the good times keep rolling. It's not a fun search, but simply Googling "reasons for divorce" will provide you a laundry list of misery culprits, with money guaranteed to be reigning near the top of the heap. But don't fear. By simply addressing a few financial items early in marriage, your odds of falling victim to a marriage without bliss will be greatly reduced. Here are 6 quick items I recommend every newly married couple review to assist in their journey.Read More
In her last and most recent economic update as Federal Reserve Chair, Janet Yellen stated that she believes both stock and real estate prices are elevated. Although she stopped short of mentioning the word bubble, most investors can read between the lines and are concerned. With high valuations for stocks and real estate, savings accounts and CD's paying next to nothing in interest, bonds facing potential headwinds due to rising interest rates, and cryptocurrencies showing no signs of stability, what is a person to do?Read More
It's been over 2 weeks since I've posted material to this blog, and it's not because I haven't been writing (I have a handful of posts in 'draft' mode). Rather, I simply have no excitement about publishing anything I've been writing. This makes me realize that I have fallen into the trap of writing for the sake of writing, and not for the more important reasons of either feeling strongly about the material or believing it would provide a significant value-add to the people and clients I care about.
Screw that. It's time to shift gears.Read More
Financial Independence Retire Early (F.I.R.E.). Have you heard of this expression before?
There is a growing population in the United States (and abroad) that is striving for financial independence well before the average retirement age of 63 (sometimes even before 30!). For some, early financial independence occurs as a product of business success, a large inheritance, winning the lottery, etc. (not necessarily planned). But for this growing F.I.R.E. community, early financial independence is a very deliberate and strategic goal. Within this group, the phrase Financial Independence Retire Early has become somewhat of a mantra and/or rallying cry.Read More