Financial Goals

When Is It Time to Cut Your Kids Off From Your Finances?

Deciding when to let your children stand on their own can be tough, especially when they’re contending with student loans, underpaying jobs, or sky-high rents. But easing your kid’s entry into adulthood could be undermining your own financial security.

According to a December survey from CreditCards.com, three-quarters of parents are providing financial support for their adult kids.

But at a time when the majority of Americans haven’t socked away nearly enough for retirement—the median retirement savings for all working families in the US is just $5,000, according to the Economic Policy Institute—it makes sense to do a little less for our offspring, so we can think a little more about ourselves.

So, how do you figure out when and how to cut your kids off financially?  Learn more below. 

Don't bother wondering why your friends seem to have nicer homes, cars, and vacations — there's only one measurement that matters

Basing your spending off how your friends spend their money is a huge mistake to make.  Large spenders may also be building crippling debt.  

You won't find a real answer to how you're doing in a Federal Reserve survey or a social media feed.  You will find it by measuring yourself against rules of thumb, refined over decades and endorsed by financial pros  that point the way toward true financial health. 

Start with these:

9 Ways to Build Wealth in Your 50s

Midlife is filled with challenges and opportunities. Yes, you might be in the thick of paying for college, but soon all those other costs that come with kids should be behind you—or so you hope. You're also likely in your peak earning years and when you're making the most is also when you should squirrel away the most.

Some 40% of successful savers—those who built nest eggs equivalent to 10 times pay—did so by saving 15% or more of their incomes for at least 10 years.  Here's how...

What Is the Value of Hiring a Fiduciary Financial Advisor?

Advisors are worth up to four times the 1% fee they typically charge on assets under management, according to Russell Investments’ annual study on the value of a financial advisor.  In the past four years of this study, we have concluded that the value an advisor delivers to their clients materially exceeds the 1% fee they typically charge for their services.  

The way to improve your fiscal behavior, is to work with a qualified fiduciary financial planner.  With improved fiscal behavior an investor is less likely to make the types of mistakes many people make that can sabotage their financial success.  The real value in working with a fiduciary financial life planner goes well beyond investment returns.  Juggling all your financial puzzle pieces can be stressful and time consuming. Having a trusted Financial Planner to help you with all of this can be a huge weight off your shoulders.  

In 2017, we assess the value of an advisor to be approximately 4.04%.  Click below to learn why.  

Test Your Retirement IQ

What's the biggest threat to a comfortable retirement? Ignorance. The decisions you make leading up to retirement, including how much to save, how to allocate your investments, when to take Social Security and how to anticipate your retirement expenses can make a big difference in your old age. 

And the decisions don't stop on Day One of your post-career life. Once you're in retirement, you'll need smart strategies for taking withdrawals and investing your resources so they last as long as you do.

o how well-versed are you on this critical subject? Take this quiz to find out.  Click link below. 

How much money you need to save each day to become a millionaire by age 65

Becoming rich is nothing more than a matter of committing and sticking to a systematic savings and investment plan.

If you want to get rich, start investing- and start as early as you possibly can.  

To illustrate the simplicity of building wealth over time, Bach created a chart detailing how much money you need to set aside each day, month, or year in order to have $1 million saved by the time you're 65.   

Next time you consider running to Starbucks for a $4 latte, think about this chart and consider redirecting that coffee cash to your savings.  Check it out. 

The Big Lesson From 2016 for Your Retirement Planning

Here's what you should take away from the year that included Brexit and Trump's election.

When it comes to takeaways that can improve your retirement planning and investing, I think there’s one big lesson we should all draw from 2016.

Tony Robbins’ 10 Tips for Living Rich

If you want to be happy, but you’re having a tough time in life due to personal or financial issues, it’s important to take whatever steps possible — even small ones — to progress and grow.

This best-selling author’s advice has been featured prominently in magazines, digital media and in national televised media. He travels all over the country every month for events to inspire people in their lives and in business. 

Click the link below for some of Tony's top pieces of advice on how to change your mindset in ways that can have a positive impact on your life and your finances.

6 Surprising Money Habits of Millionaires

Most millionaires aren’t driving Lamborghinis and eating caviar. They’re driving reliable used cars and eating mashed potatoes and meatloaf. Millionaires aren’t wealthy because they’re lucky. They’re wealthy because they follow simple money habits year after year. Click below to learn more about Dave Ramsey's 6 Surprising Habits of Millionaires.  

When Will I Be Retirement Ready?

How do we know when we have enough for retirement?  Given it’s National Save for Retirement Week, there’s no better time than now to take the mystery out of saving for retirement.    

The objective is that when you arrive at the golden years and find that they are truly golden-  It's called FINANCIAL FREEDOM.                                                                              

And it's easier to get there with a little planning-  even in your 20s- Because it's closer than you think!


Click the link below to learn when you will be "Retirement Ready."

Is It Time To Make Changes to Your Investment Portfolio?

The stock market has taken us for an emotional ride during the past couple of months, and you may be asking yourself if you should make changes to your investment portfolio.  While changing strategies can be a good idea, it’s better to base those decisions on analysis and in the context of your long-term investment plan rather than on emotion.  Before changing your investments, consider whether or not your response is an overreaction to the news. It is always good to review your portfolio on a quarterly or annual basis to make sure you are on track to reach your goals.  

Click the link below for the questions you should ask yourself when thinking about making changes to your investments.  

How Cars Affect Your Financial Freedom

It’s not that I don’t want a really fancy car, it is just that there is something I want a bit more: financial freedom.  Car payments are many times the #1 obstacle that causes the average family not to achieve financial stability. Spend some time thinking about your current car situation.  Are your car purchases making your bank richer or you? 

Below is a great read about "How Your Car Affects Your Financial Freedom."

The Boring Secret to Getting Rich

Many people dream of becoming rich but don't have any idea how to make it happen. There's no magic formula, but there are many steps you can take to gain an advantage.  The secret to getting rich is simply doing what most people can't.

Click below to learn Money Magazine's boring secret to getting rich.  

How to keep this crazy stock market from driving you nuts!

How do I stop the market from making me crazy?

The current market is a reminder that days sometimes feel long, while years pass quickly. Don’t confuse that feeling and make long-term moves based on what’s happening on any given day. That’s how years pass and you wind up short of your goals, when the odds were in your favor that staying the course would have paid off.

Read more by clicking on link below. 

The Best Revenge on an Ex-Husband: Building Wealth!

With the help of a financial advisor, a divorcée bounces back.  Her advisor told her that the best way to get back at her ex-husband was to become extremely successful.  He was right.

Read full story below.  

Here’s Why You Should Start Investing Now

Investing is the most important element of our financial future.  Tony Robbins and Clark Howard recommend that people who have yet to invest in the stock market should ‘get in the game.’  Experts believe the financial market is still ‘winnable’. We agree.  Don’t wait to invest. Get started with whatever you have.  

You can put off some small things in life without consequence, but when it comes to investing, sticking your head in the sand simply won’t cut it. If you don't know how to start investing, when to start investing or why you should invest, now's the time to learn. The sooner you get started, the more time and interest can help grow your money.  

To learn more click the link below.  

10 Ways To Prevent Money From Ruining Your Marriage

Arguments about money are by far the top predictor of divorce. It's no secret that fighting about money puts a huge strain on a relationship. Money issues are so troublesome that people who say they're experiencing stress in their relationship cite "finances" as the number one reason.   

This may seem like a grim prognosis for married couples, but it doesn't have to be.  There are various steps that experts say couples can take to avoid letting money matters get the best of their marriage.  

So whether you're about to say "I do" or money problems have you thinking maybe "I don't anymore" the following tips can help prevent money from destroying  your relationship.  

Click on the link below. 

In Your 20s? 30s? 40s? 50s? 60s? The Best Financial Goals for Every Age

We've devised a little roadmap of goals that everyone can follow to make sure they are meeting the right financial goals for their age.  Of course, you can accomplish any of these goals sooner, but this is a good general map of where you should be at any given age:  

6 'Must' Things To Have Before You Turn 40

Thus they say “life begins at 40.” It is true in a sense that most people should be stable, ideally, in all aspects of their life when they turn 40—the “prime” stage in a person’s life.

It is when you are 40 when you can do and be in your greatest potential—and at least, have already achieved the following: