Posts by Taylor Stanfill, CFP®
20 Second Advisor: Why Am I Doing This?
We work with a lot of business owners. At some point, they always ask “why am I doing this and what am I going to do when it’s done?” Usually, they are asking this about their business, but these questions carry over into our broader financial lives. It’s important to think through the long term…
Read More20 Second Advisor: An Overlooked Topic
When it comes to financial planning, I find that a topic that’s often overlooked is generosity. People who have a plan to share some of their hard earned money with others are more fulfilled and satisfied. I believe we all have an inherent desire to help others. We can express this by sharing our time…
Read More20 Second Advisor: Top Reason People Seek Financial Help
The first question I ask when I meet with someone is… “What happened that made you want to reach out?” One of the most common answers is… “I’m doing this for my spouse; I want to make sure they have peace of mind and understand our finances.” This is a great reason! Many times, one…
Read More20 Second Advisor: Urgent vs. Important
I recently re-read 7 Habits of Highly Effective People by Stephen Covey. It is a fantastic and timeless book that has the capacity to permanently impact our lives if we apply the principles. In the book, Stephen introduces the concept of the Urgent vs. Important matrix pictured below. Everything we do fits into one of…
Read More20 Second Advisor: Recipe For Change
I read in a book recently that change requires 2 things: We must understand what’s in it for us There has to be proof beyond a reasonable doubt that the benefit to us will actually occur or that we can get there. It’s crazy how true this is in our finances! When people get a…
Read More20 Second Advisor: Nagging Horsefly
“The only way to make money a non-issue is to consistently make it an issue.” I made this up a few years ago and my wife hasn’t let me forget it (we talk about money a lot)! Money issues force their way to the forefront of our lives whether we like it or not. They…
Read More20 Second Advisor: Meet Kelly Gosiewski
We are happy to introduce you to our newest team member Kelly Gosiewski (Kelly G for short)! Kelly will be helping us serve clients with excellence and operate efficiently as a company. This means she will be opening and monitoring client accounts, helping to complete tasks for our clients, and making sure our new clients…
Read More20 Second Advisor: SEP & SIMPLE IRAs Are Dead!
Because of technology, 401(k)s have become inexpensive and efficient. They also provide the employEE and employER the most flexibility. For this reason, I rarely (I want to say never but…never say never) come across a situation where a SEP or SIMPLE IRA make sense anymore. The 401(k) also provides employees the ability to save into…
Read More20 Second Advisor: You Can’t Control the Results
When it comes to your finances and investments, we often say “focus on what you can control.” I’m realizing how much this applies to the rest of life. We can not control the results! We can only control the activities that lead us in a particular direction! When we stop focusing on the results and…
Read More20 Second Advisor: Cash = Insurance
A basic step in almost any financial plan is to save cash and hold it in a savings account for an emergency. I think we would all agree this is a good idea. This is a form of insurance. We pay money for life, health and disability insurance. These COST us money. Holding cash in…
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