THE Wealthier + Wiser Blog

Millennials’ money habits

I think about Millennials all the time. I spend time reading and researching what they buy, how they spend and where they save. The reason to obsess over Millennial habits is to better understand the future direction of our economy here in the United States. Granted, the ability of Millennials to save and invest is …

The cost of parenting: kids vs adult children

Expecting parents walk into our office all the time consumed with the cost of raising their unborn child. They often ask how soon they can open up their college funding 529 account, and the best way to put money away each month. With each successive government report releasing data on total student loan indebtedness (now …

3 Steps to review your finances yearly

As we approach the holidays, this is the ideal time to reflect on your 2018 finances as well as create a focus for 2019. Reviewing how you performed financially this year can help you gain a greater understanding of what needs to happen for your finances in the year ahead. Cash flow This is the …

Skimping on splurges: quality of life v cost

Millionaires aren’t just cheap people. They tend to be prudent with their money and make good, strategic long-term decisions that accumulate well over time. We understand the desire to have nice things and as advisors, we’re constantly bombarded by people asking can I afford this? But the real question is – what’s the long-term cost …

Smart holiday spending strategies

The holiday countdown is on, which means the pressure is on to get your holiday shopping done. Shopping means spending and most people go into the holidays without a spending plan. You think you’re being smart by looking for sales and bargains, but you spend far more than you should. However, the holidays don’t have …

4 Major retirement pitfalls to avoid

People like to avoid talking about retirement. It’s a moment for many to become a real-life ostrich and bury their heads firmly in the sand. Why? They think retirement planning is a conversation that focuses on the end of your life, so they ignore it. However, it’s about how to best enjoy your life. To …

What is the gig economy anyway?

I always think about the market and the economy. For me, it’s fun to sit and ponder the future of our economic growth, the future of industry and what our country will look like in years to come. I can lose myself in futurist thinking like driverless cars, space travel and even the miniscule microscopic …

4 Money tips you can’t afford to pass up

With all the money saving ideas floating around, I find that there are a few basic financial areas to address that most people forget about that can help maximize your dollars. This isn’t by any means a comprehensive list, but I would rather provide a list of key areas to consider – instead of a …

Money: 4 rules of thumb

How much should I save for retirement? How much house can I afford? How much should I save for emergencies? These are important questions to consider for your financial future. Here’s a breakdown of the money rules of thumb that should help shape your financial plan. Retirement savings Rule of thumb: at least 10% of …

When will we see driverless cars?

Sitting in the backseat of a small, bright, cherry red Chevy Cruz, I fought back the feelings of unease and nausea. The endless stream of rapid fire stopping mixed with sudden jolts of speed left my stomach sloshing around today’s lunch. I lost count of all the times lanes were switched mindlessly without prior thought …