According to GOBankingRates survey, more than 40% of Americans are not investing their money at all. YIKES! Of those that are investing, they are choosing the following: 43% of Americans are investing in banking products, 46% are investing in bonds or stocks, 44% Americans prefer investment funds, 20% are investing in real estate, and 7% are investing in Cryptocurrency, while the remaining 7% of Americans are investing in other places.* One investing principle that will really help you reduce risk over time over time is diversification. Another way to say it is, simply do not have all your e ..read more

I am often asked, “How do I select the actual investments within my investment account?” The answer to this question is very specific to you, your goals, and your overall RISK TOLERANCE. I recently read on Investopedia.com, that on average, women invest more conservatively than men. Over the long run, this can result in lower returns and greater risk of your assets not keeping pace with inflation.* It’s important to understand your own risk tolerance and what that means as part of your overall investment strategy. In this video I explore the three questions to ask yourself to help you better u ..read more

I was recently at Skimm HQs conducting a workshop and I was asked “Which investment account should I open?” This is such a great question and one I am asked often. In an ideal world, everyone would be investing in a reliable plan to start saving the maximum amount of money for retirement. According to a Forbes survey, 71% of millennials are saving money for retirement either outside of the work or in a workplace plan. Despite their savings, Millennials are a bit more conservative in their strategy compared to past generations.* Watch this video to learn the difference between a 401K and an IRA ..read more

According to @investopedia in the last 100 years, the U.S. stock market has returned on average 10.2% per year. So if you invested $1 in 1919, today you would have $17,820! We all know how important investing for our financial future is, but a lot of people are still confused on where to start. That is why I made this quick video just for you to help you get started on your investing journey. https://www.youtube.com/watch?v=bjfOGR-LP4k With investing your potential for wealth is huge and the sooner you start the better. Here are some tips to get you started: Start Learning About Investing NOW ..read more

According to a survey by NerdWallet, only 1 in 10 Americans (10.5%) check all the right boxes for financial health.* I believe this is due to not taking enough time to review your financial life and learning key ways to maximize your results I have an easy solution. It's what I like to call a Money Date. With any relationship, a connection needs to be nurtured, loved, accepted, and given attention. In this video, I break down how to do a money date, making your relationship with your money strong and healthy. Watch the video below to learn how to have a great money date. https://www.youtube.co ..read more

Many of my clients are often wondering how to pay down their debts fast and save even faster. So, if you are thinking the same, then you are definitely not alone. Do you want to know the best way to pay down your debt faster and save faster? Well, my friend, its called automation. Automation is the easiest way of saving money because as soon as you set it up, you are not thinking about it. It takes no more effort or decision making. It is done. It’s like another bill that automatically is deducted from your checking account so that you don’t even need to think or worry. The best part is when y ..read more

It’s no secret that debt is on the rise in America. According to Northwestern Mutual, the number one cause of debt for ages 25-34 are credit card balances. For those ages 35 to 49, home mortgages are the number one source of debt. One of the most common questions I get asked is “How much should I allocate toward extra debt payments AND still save every month into my cash cushion account? It can be difficult to know where to start or what to do. I’ll be the first to agree that holding debt makes saving that much more complicated. However, there are ways to make both paying off debt and saving f ..read more

Success leaves clues… If you haven’t noticed this month I’ve focused on the mindset, rituals, and statistics about the average millionaire so that we (myself included) can be more firmly on the road to creating wealth. One key pattern I have seen is that millionaires are in it for the long-game. It’s not a quick sprint, it’s a marathon. MILLIONAIRES KNOW FOCUS NOW MEANS BIG BENEFITS LATER Thomas Corley of Rich Habits, showed that 86 percent of wealthy people who work full time put in 50 hours or more each week at their career. Millionaires aren’t easily distracted by new trends, shiny objec ..read more

I want to remind you that you always have a choice. How you perceive your life and how you choose to live each day is 100% up to you. I’ve been doing research on the mindset, statistics, and rituals of high-income earners and I want to share with you how they spend their time. I know that without my daily rituals, I’d be one lost puppy. Here are some statistics I found: MILLIONAIRES ARE ALWAYS LEARNING. Thomas Corley of Rich Habits, showed that 88 percent of self-made millionaires read at least 30 minutes every day, focused on self education. I am always talking about mindset. What is going ..read more

If you feel pressure of any kind around your money. I want to reassure you that building wealth takes time. How long does it take for the average rich person to become rich? Ten years? 20 years? 30 years? According to Business Insider*, it takes an average of 32 years to become a self-made millionaire. So drop the pressure and the questioning of “why hasn’t it happened yet?” Keep going! Growth overtime is key! Also, don’t think that all millionaires were born into wealth. According to the 2016 US Trust’s Insights on Wealth and Worth, 78 percent of millionaires started out as middle class or p ..read more