Many people greatly fear the thought of a recession. They can’t handle the idea that their investment portfolio will decline in value. They can’t handle the volatility. Fear leads people to make poor decisions. But I don’t believe you should be afraid of a recession. Why? I share why you have reason to remain hopeful in this episode of Best in Wealth! [bctt tweet="I share why a recession shouldn’t scare you in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement" username=""] Outline of This Episode [1:08] One ..read more

Are you feeling positive or negative about the world today? Have you been watching the financial news and feeling a sense of doom because everything they report is negative? Do you feel like inflation is out of control? I’m here to tell you that we have reason to remain hopeful and optimistic. I share why in this episode of Best in Wealth. [bctt tweet="With all of the news surrounding inflation, I still believe that we have reason to remain hopeful. Find out why in this episode of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthMana ..read more

Did you watch the NCAA basketball tournament? Did you fill out an NCAA bracket? An estimated 1 in 4 Americans filled out a bracket to try and predict who is going to win it all. I don’t watch a lot of basketball, but I still fill out a bracket every year. This year’s tournament was a wild and crazy ride. There were numerous upsets. What is your strategy for filling out your bracket? Do you guess? Do you fill it in based on the best seed? Or are you like my admin and you make choices based on how long the college name is? This year, as I was filling out my bracket, I saw some connections betwee ..read more

As family stewards, we think of wealth differently. Many people focus on money. Our wealth might be our family, spirituality, friends, etc. Money might be further down the list. So how do vacations make you wealthy? When you’re healthy, you are wealthy. Anyone who struggles with chronic illness would give anything for their health. In the article “Importance of Taking a Vacation,” Kathryn Isham shares seven health benefits of taking vacations. In this episode of Best in Wealth, I’ll share Kathryn’s research and why I think it holds up. [bctt tweet="How do vacations make you wealthy? I sha ..read more

David Booth—the Co-Founder and Executive Chairman of Dimensional Fund Advisors—recently penned an article entitled, “What’s Your True Net Worth?” Here’s the thing—your true net worth isn’t a calculation of your wealth. It stems from what you value. Find out what I mean in this episode of the Best in Wealth podcast! [bctt tweet="What is Your TRUE Net Worth? Find out what it really means in episode #217 of Best in Wealth! #wealth #retirement #investing #PersonalFinance #FinancialPlanning #RetirementPlanning #WealthManagement " username=""] Outline of This Episode [1:01] What do you truly v ..read more

According to CNBC, 56% of Americans can’t cover a $1,000 emergency. They don’t have enough money in the bank. If that’s you, start building an emergency fund now. Dave Ramsey recommends saving $1,000 in the bank immediately. Then, you take any extra money you have and pay off your debt. After that, work to build savings of 3–6 months of living expenses. But once you have that, what do you do with the money? Where should you keep it? In this episode of Best in Wealth, I share the best way to keep your emergency fund liquid—and exactly how to get the interest rate you deserve. [bctt tw ..read more

I’ve received many calls and questions from clients, friends, and family about how bad things were in 2022 and what they think is going to happen in 2023. I don’t blame them. With the global pandemic, rapid inflation, the war in Ukraine, and the volatile stock and bond market, it’s reasonable to feel uneasy. If you had knowledge of future events for the year 2020–2022—but didn’t know where the stock market would land—what would you have predicted? Probably not the 25% positive return that we saw. Investing in the stock market can feel like a roller coaster ride. But the truth is that it’s norm ..read more

In the article, “The Art and Science of Spending Money,” Morgan Housel talks about the psychology behind spending money. I’m going to talk about the six points she made that hit home for me. Why? Because we need to understand why we’re spending. I’m a financial advisor. I want you to save money. But I also believe there needs to be a healthy balance between spending now and saving for the future. Maybe you’re cutting back too much. Or you’re spending too much and not saving for the future. There needs to be a healthy balance. To find that healthy balance, you need to understand what ..read more

Think back to December 2019. Unemployment, interest rates, and inflation were historically low. Then what happened? A pandemic. By the end of March 2020, the S&P 500 had dropped nearly 20%. By the end of the year, scientists had developed a vaccine and markets roared back. Facebook, Apple, Amazon, Netflix, and Google (FAANG) stocks soared. Bitcoin and crypto reached record highs, then they crashed. Meme stocks soared, then toppled. Inflation spiked to the highest levels most of us have ever experienced. Russia invaded Ukraine. Could anyone have predicted any of this? Let us pretend that yo ..read more

Building good habits can be hard. Half of dieters give up within one week of starting. So what is the answer to lasting change? How do you make it easier to achieve? Dr. Sean Young studies behavior change. He has helped people develop good eating, sleeping, and exercise habits. He literally wrote the book, “Stick with It: A Scientifically Proven Process for Changing Your Life-for Good.” In episode #211, I covered how to break bad habits. So in this episode of Best in Wealth, we are going to cover how to stick with it and build good habits in 2023. [bctt tweet="How do you “stick with it” a ..read more