Articles
Foundations, Charities and Cryptocurrency
Despite the explosion of interest in cryptocurrencies, many businesses and organizations still have not taken the plunge both in using and accepting this new form of currency. The volatility, newness and seeming complexity of getting started are real barriers to entering this new market. However, many people have made large sums of money on the…
Read MoreFeedback
There are many ways to show people that you care for them, but one of the toughest ways for me and many others is caring enough to tell someone something they just don’t want to hear. Not many people like to give others negative feedback. No one wants to tell you that you have a…
Read MoreValuing yourself
I once thought that my main goal was to be as successful as possible, no matter what. Time and experience have taught me how foolish that was. Now I believe our lives are successful when we are serving and adding value to others. This is a strong statement, and let me tell you, it is…
Read MorePartnerships
Did you know that 80% of business partnerships end up failing? That statistic doesn’t surprise me. Partnerships are tough. You take two imperfect people and try to get them to work towards a common goal. Achieving goals can be hard enough by yourself let alone with someone else. That statistic might also suggest that business…
Read Moreour favorite client
We have been asked many times in our practice, “Who is our favorite client?” Before we answer that question we always preface our answer by talking about an article that we read. It was written by a personal trainer, who was asked the same question and his answer might surprise you. His favorite client was…
Read Morepurchasing a home or rental property
As an advisor and wealth coach, we talk to our clients about real estate because it is one of the most powerful tools to build wealth over time. Even with that knowledge, most people don’t integrate their real estate into a comprehensive financial plan. They get married, go to a bank, buy a house and…
Read Moreright message right people
Some of the best wisdom in my life has come from learning things the hard way – looking back and realizing what I wish I would have done differently. This one piece of advice is coming from personal experience and something that I would tell any new business owner trying to get their business off…
Read Morewhat is your monthly nut?
What’s your number? Not your phone number but that other number, the one that really matters. The amount you need every month in order to retire. In other words, what’s your monthly nut? Do you remember that ING commercial that asked, “What’s Your Number?” They were referring to what you’ll need to have saved in…
Read Moredonor-advised funds
We recently met with our accountant and he was sharing his view on and updates of the new tax plan that was passed. Bottom line, it is going to be tougher to itemize on your tax return moving forward. To begin with, the standard deductions have been moved up to $12,000 for single and $24,000…
Read Morethe mortgage interest misconception
We meet with a lot of people and constantly hear they are benefiting from the mortgage interest deduction on their taxes but the reality is … most aren’t. For this to make sense, you have to first understand the tax code and your tax return. To benefit from a deduction of your mortgage interest on…
Read Moregenerational differences
I have noticed an interesting trend over the past few years. It seems to me that more and more people are being bitten by the entrepreneurial bug. Just like my grandparent’s generation, the younger generation today seems to be more and more focused on starting their own entrepreneurial enterprise instead of working for someone else.…
Read MoreMarriage and Finances
It is said that the number one reason people get divorced is communication or the lack of it. Also ranking high on the list is finances. And the number one thing that hurts your finances is a divorce. So, being able to communicate about your finances in a marriage is pretty important but let’s be…
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