The Ups and Downs of Downsizing

As you grow in your career, buying a house, and continuing to increase the size of your living space is kind of a given.

I’d like to shake that up. I want to empower you with the knowledge that will help you choose the path that is right for you and lend my support along the way – even if that means taking the road less traveled and downsizing your home. 

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You’ve Graduated With Debt, Now What?

You know the saying keep your friends close, but your enemies closer? Every person with student debt will totally know what I am talking about.

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3 Ways Medical Doctors Can Maximize Their Retirement Savings

Optometrists are among one of the highest growing professional occupations in the United States. Along with many professional fields like primary medicine, pharmaceuticals, and dentistry, optometrists can have a difficult time saving for retirement due to the looming responsibilities of  , growing a private practice, and starting a career.

One of the main reasons people fall behind in their savings is that they don’t have a clear plan or know how to start. There can be a lot of uncertainty especially when you are just starting out. I want to help prevent your retirement savings from falling to the back burner. I’ll show you 3 simple ways you can be proactive about saving for your future throughout your career.

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How To Create A Winning Savings Strategy

Saving money is like running a marathon— it takes discipline, strength, and fortitude to make it to the end. There will be times where you feel you’ve hit the 20-mile wall and other times where you feel invincible. Completing a marathon is all about steady and consistent progress, and that can’t be done without adequate training.

How can you “train” your savings habits? I’d like to show you a few simple steps to get your savings strategy across that finish line.

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Finances on FIRE: A Closer Look Into This Trending Financial Community

FIRE BlogWhen it comes to a retirement savings plan, not everyone sees eye to eye. Probably because saving for retirement is really hard, just ask the 50% of Americans who don’t have nearly enough in the bank for smooth sailing into their golden years.   

Savings strategies come in many forms and the one taking center stage (or burning it down rather) is the FIRE movement. FIRE stands for financially independent retire early. This movement is taking the financial world by storm, and it’s no wonder with incredible tales of people retiring by 40 with smiling faces and money to spare.  

While the idea of retiring early is a popular one, especially among physicians, what are the costs of such a radical strategy? How does the FIRE movement truly operate and why is there such a fervent following?  

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Is Your Insurance Coverage Enough?

Insurance CoverageLife can change in the blink of an eye. You have worked hard to maintain a sound financial profile for you and your family, which is why the assets you have so carefully cultivated should be protected. Insurance exists to cover your expenses when things go wrong: unexpected health issues, untimely deaths, and costly damages. 

Insurance needs can change based on new life experiences like starting a family or opening a business. Checking in on your insurance policies should be part of your financial planning routine. Take a look to see if you are up to date on your coverage and how you can better protect yourself and your family in the future.   

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3 Reasons to Start Investing Today

Many people feel uneasy when it comes to investments due to the cloud of mystery that hovers over it. But investing is not as elusive as people think. It is designed to help you build your wealth over time. Wealth management is not an easy feat for many families, so I am here to share with you 3 ways that investing can broaden your financial horizon. Read More→

What’s Beyond The Riverbend and The Importance of Long-Term Saving

Disney’s adaptation of Pocahontas features a song where the young princess years to find adventure around the riverbend. When writing this blog, something about this song struck me. What is around the riverbend? Is there more to life that we can’t see?  

We live in a world consumed in the now. As dwellers of the present, sometimes it is tough to see beyond what is right in front of us, and for good reason. The present swirls with responsibilities: bills, errands, work, family, friends all important facets of our lives that keep us swimming in the present. This mindset can also influence the decisions we make with our money.  

Money is both a short-term and a long-term need. Right now your primary concern may be buying your first home, moving closer to your family, or starting your own family. Each of these steps in life comes with necessary costs, but it can become easy to get caught up in these expenses and forget about looking long-term. Let’s look at some ways you can start planning for the long-haul and figure out what the riverbend has in store for you.  

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How Does The New Tax Code Impact Your Charitable Giving?

There are many principles that guide American’s charitable giving habits. From the flows of the economy, to rising political issues, to increase in social status, to a genuine desire to give back, these reasons are found to fluctuate with time and the changes that time presents. Since 2009 (after the great recession of 2008) our economy has seen a steady increase of giving per year.   

For many families, charitable giving is a built-in part of their yearly financial goals. But the new tax code presents unique challenges to donors’ tax benefits from their gifts. I’d like to lay out some creative strategies for you to consider when you make your charitable donations this year.  

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Why Compound Interest Is Your Best Savings Tool

The origin of compound interest spans thousands of years; often attributed to the Old Babylonian period (2000-1600 BCE) due to their use of the translated phrase “interest on interest.”  But some argue this fiscal marvel dates back to a place called Sumer, the southernmost region of ancient Mesopotamia in the Pre-Sargonic era (2600-2350 BCE). That is over 4,000 years ago! 

What makes this interest so special? How has it survived to be the bedrock of loan and investment practices today? Let’s find out.  

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