THE Wealthier + Wiser Blog

Millennials and their money habits: Part II

If you ever spend time watching financial gurus bark loudly on television about how to live your best financial life, there is no doubt you have heard them talk about spending less. On financial radio shows, I hear similar stories imploring people not to spend. The guidance is to save more, save early and save often! While that …

What does your investment advisor do all day?

If you think financial advisors spend all day golfing, you need a new advisor. Rendering financial advice is challenging and it takes a competent and intelligent professional (who is supported by a team of competent and intelligent professionals) to do the job right. An advisor cannot stay at the top of their craft by polishing …

Is there really such a thing as free trading?

If you ever see the word “FREE” emblazoned on a financial services advertisement, or you hear someone telling you that they don’t pay any costs in the financial services world, feel free to roll your eyes sarcastically. In fact, my preference is that when you see the word “FREE” in regard to anything in the …

Portfolio rebalancing: 3 reasons it’s important

Let’s be honest. Have you ever spent time looking at how all your investments are allocated (what your investments hold across your entire portfolio of holdings)? If you’re like most investors, you probably don’t give much thought to your mix of stocks versus bonds – but you should! Understanding your allocation is fundamental to understanding …

Tax loss harvesting: why bother?

When it comes to portfolios, some things stay the same no matter the generation of investor. At any age people hate losing money and love talking about their winning investments. I’ve practiced in the financial services industry for more than 20 years and I am amazed at how many stories I’ve heard about “the best …

Separate finances? How to combine when getting married

Issues related to money can be troubling and detrimental in many relationships, but many of the conflicts arising from money issues are avoidable if you address them effectively. Consider the items below as our suggested “to‑do list” as you or someone you know is starting to merge separate finances and while preparing for a future …

Retirement: not saving enough isn’t your only concern

You know when you want to retire and you’re laser-focused on saving to get there. However, retirement planning isn’t JUST about saving enough money. There are other factors you need to consider. Otherwise, it won’t matter how much you save if you don’t plan properly. The unexpected You may have already jotted down what you …

How to pay down debt, pursue financial freedom

The first step in pursuing financial freedom is getting your financial house in order and the first room to tackle is debt. Oftentimes with debt, you get very unfavorable interest rates. Credit card companies charge so much that it’s virtually impossible to make more money anywhere else. I can’t remember a situation where the first …

The dangers of generic money advice

Everyday we’re inundated with messages from the media about how to invest, how to save and what to do with our money. But is that advice best for your financial situation? Keep in mind, the media creates stories to get your attention so you’ll stay tuned through commercials or see ads online. All that glitters …