Saving
20 Second Advisor: Generational Wealth and Stewardship
The idea of a legacy is intriguing. Many of us feel a call to help provide for future generations or to leave our mark in the world in some lasting way. We strive to be good stewards of our blessings now so that we may not be a burden to others in the future and…
Read More20 Second Advisor: How to Not Break the Bank with Spring Break
Who doesn’t love a vacation? This cherished week to get away with family and friends can be a great time to rest and recharge before the final push towards summer. In the midst of travel accommodations, exciting outings and, of course, delicious meals, the total bill for this week can easily get out of hand. …
Read More20 Second Advisor: High-Yield Savings Accounts without Cutting Off Your Local Bank
My husband and I have long-standing ties to our local brick-and-mortar bank, which provides us in-person service if we need it, a safety deposit box, and our paychecks are direct-deposited there. We don’t pay any fees, but the savings accounts there pay an interest rate of 0.01%. (Translation: keeping $10,000 there for a year generates…
Read More20 Second Advisor: Bank Troubles & Your Portfolio
Many of you have seen the headlines this week about Silicon Valley Bank’s collapse and that some other banks (namely First Republic and Credit Suisse) are in trouble. I thought it would be helpful to give you a brief overview of why SVB failed and if it has an impact on your portfolio. Without further…
Read More20 Second Advisor: Challenging Apple Pay
The chain of banks behind Zelle, which is owned by seven banks total, including Chase and and Bank of America, are planning to launch their own digital wallet. This wallet will jump into the increasingly-crowded field of digital wallets, dominated by the likes of Apple Pay and PayPal. For the tech companies that have so…
Read More20 Second Advisor: SMART goals = intentional life
It’s that time of year when we clean out the junk in our house, take stock of where we are, and maybe make a few goals and plans for the coming year! I love to plan, but I’ve learned that nothing happens by accident. The best way to move incrementally toward the life you envision…
Read More20 Second Advisor: Bear market & what can I do about inflation?
We are now technically in a bear market (investment markets down 20% from their peak). Some of the recent downward pressure is due to inflation expectations and rising interest rates. I was listening to a podcast recently that was explaining the Federal Reserves’ role in trying to curb inflation. It made me think, “what can…
Read More20 Second Advisor: Savings Subaccounts Trick
In working with clients, we have found this trick to be super helpful and provide additional peace of mind. We all have non recurring expenses that happen randomly or every now and then. Some examples include, travel, home repair, car repair, medical, gifts, insurance premiums, etc. These can cause stress because they don’t happen on…
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