Financial Planning

Achieving Financial Freedom: Essential Principles

For far too many people, finances are an obstacle standing in the way of one’s goals.

But done right, your finances give you the freedom to pursue your goals.  This does not necessarily mean being wealthy, but wisely managing your financial situation—whatever it may be—to achieve financial health, giving you the means and opportunity to pursue your goals.

Here are five essential principles for achieving financial freedom.

Five Steps To More Mindful Finances

All right, 2017, let’s get down to business. If you followed my advice in December and set your goals for the year, it’s time to take the next step and talk about becoming more mindful with your finances. There are a plethora of helpful how-to books and blogs on personal finance, but far more important to your financial well-being is improving your relationship with money. The behavioral side of money is much harder to understand and control.

Questions you should ask any financial advisor

There’s a wide spectrum of professionals who call themselves financial advisors.  You need to know how to tell the difference between pure salespeople selling products and advisors committed to providing quality advice and acting in your best interest. Also, if you or a loved one works in public service, don’t miss the New York Times article below highlighting the pitfalls of some 403(b) retirement plans.

A Financial Road Map for Graduates: Part 1

College graduates, allow me an older sister moment to impart some financial wisdom as you step off campus. Your wealth, regardless of how much or how little you have, should create opportunity and help you achieve whatever you’ve been dreaming up for yourself over the last four (or more) years. This takes a plan for how you’re going to spend and save your money. Here’s a simple road map to set you off in the right direction. I’m keeping it brief to accommodate your post-finals attention span.