Information to help you lead a smarter financial life.

The advisor who is talking is not a great advisor

Listening is one of the most important aspects of our job. We can not help our clients accomplish their goals if we don’t listen well enough to hear them. Furthermore, each client is different so we must listen with fresh ears rather than with a preconceived idea of what their priorities are or should be.…

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The Tax Deduction Trap – “Guest” Blog

I have a good friend who has started a financial planning company. He has a passion for helping his clients establish good habits and keeping them on course throughout their financial journey. So, we thought we would share a recent blog post of his. Enjoy the following by Michael Spencer with Wise Pace! The Tax…

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Your dog’s American heritage might go back 10,000 years

For the dog lovers out there, here’s an interesting read on how some breeds have ancient American heritage: Read here  

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The True Cost of DIY Investing: 3.52%

In all aspects of life, there are folks who believe that they can do things better and cheaper if they take the “Do-it-yourself” (DIY) approach.  Sometimes you can save money; however, the longer I live, the more I embrace specialization of labor.  Even if I can do certain tasks, hiring specialists usually means I have…

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12 Habits of Highly Effective Entrepreneurs

These lists pop up all the time. I love them. I think it’s because I want a silver bullet that leads to drastic change and progress. The truth is, we must do the “small” things for a long time to see results. Even then, it can be hard to identify which small things contributed to…

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Debt…Right or Wrong?

It’s neither! It’s not an issue of right or wrong; it’s a matter of risk. What is debt? Debt is borrowing money to buy something and paying it back over time with interest. This includes your home, car, vacations, appliances, education, or anything else. What do debt and risk have to do with each other?…

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Are you starting a business?

Thinking about starting a business? Here is a great article on things to consider when starting a business.  What are some other considerations when starting a business?

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Conventional wisdom of active management

It has been demonstrated over and over again that active mutual fund managers have had a very difficult time outperforming their respective benchmarks over reasonable time periods. In the U.S., for example, approximately 83% of all domestic funds underperformed their benchmark for the 10-year period ending 12/31/2015. This phenomenon is not just specific to the U.S.…

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Lifestyle Creep: The Ultimate Adversary To Building Wealth

The key to building wealth is really quite simple.  Live within your means, save and invest 10-20% of your earnings, and repeat that process for 30-40 years.  If you can do those few things, you WILL be wealthy.  Unfortunately, so many families struggle to accomplish this.  The biggest hurdle to building wealth is what I call…

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