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Verisail Partners

20 second advisor

Financial insights and tips...all in 20 seconds

20 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…

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20 Second Advisor: Time to Refi?

Mortgage rates have dropped in the last month to the lowest rates since 2016 (see chart below). At the same time, many homeowners have seen their home value increase over the last few years. Now could be an advantageous time to refinance your mortgage to pay down debt, renovate your house, get rid of PMI,…

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20 Second Advisor: Do you need umbrella insurance?

I have received a few questions lately about whether umbrella insurance is necessary. Here are a few things to consider: It only makes sense to buy it if you have assets to protect Takes over when your home and auto policies run up against their coverage limits Helps to keep a massive lawsuit from wiping…

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20 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…

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20 Second Advisor: “The Worst Day Of The Year” & How You Should React.

I was reading the financial news this afternoon. The headline said, “Dow Plunges 800, Worst Day of 2019.” For many investors, that headline will cause some anxiety. Ultimately, every year will have a “worst” day as well as a “best” day. Below is a list of the best and worst days since 2008. Despite all…

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20 Second Advisor: Equifax Breach Settlement

In September of 2017, you may remember the Equifax data breach that affected 147 million people. Just a quick update: The company has agreed to a global settlement with the Federal Trade Commission, the Consumer Financial Protection Bureau, and 50 U.S. states and territories. The settlement includes up to $425 million to help people affected…

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20 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…

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20 Second Advisor: Investing near an all-time high in the stock market.

Investors should not be surprised by market highs; in fact, they should happen fairly regularly if stocks are gaining value over the long term. For some investors (especially those close to retirement), a market high can feel more like an indicator to “get out” rather than to celebrate rising prices. If you feel anxious when…

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2o Second Advisor: How does food affect how we feel?

Everything in your life is linked in some way. While we talk a lot about financial well-being, we also believe that your physical well-being is just as important. Consider a few of these simple points as you think about the food choices you are making on a daily basis: Eat foods rich in omega-3s (flaxseeds,…

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