Defining the "why" behind your financial plan will make it much easier to create, implement, and stick to your financial plan. Your purpose helps shape your plan and serves as a guide through difficult decisions and challenging markets. Take the time to develop the "why" behind your financial plan before you switch focus to the "how".
Financial stress is no joke, and the anxiety you feel about your money can be crippling. If you're starting to experience financial stress, try these 5 tips.
An Investment Policy Statement (IPS) allows you to make investment decisions before markets get volatile. Your IPS helps take the emotion out of investing by establishing clearly defined rules around your portfolio. Checking your IPS regularly and rebalancing back to your targets can help you take advantage of market movements.
Recency bias is the tendency to place too much emphasis on recent events in our decision making. Investors can find it difficult to detach emotion from our investing decisions. Work with a financial planner to help navigate rececny bias and establish and investment policy for your accounts.
Learn key strategies for teaching your kids about money early. Money habits can be well formed by age 7, learn positive ways to impact your children's habits around money at an early age.
Investing doesn't have to feel like gambling if you view it from the point of the house. History has rewarded those who have owned a little bit of all of the action over time.
Big market returns are fun, but find out why your rate of savings might be more important than your rate of return as you build your wealth.
2020 is a year many of us may want to forget, but if anything, it taught us the importance of being prepared for the unexpected. See if your resolutions are in line with these top 5 for 2021.