Uncategorized
20 Second Advisor: Lebron James and the law of the uncommon average
I love the chart below because it highlights the uncommon average return of the US stock market. Since 1926, it has returned 10% a year on average, but the road to 10% has been bumpy. Returns in any given year have ranged from as high as 54% to as low as -43%. In fact, the…
Read More20 Second Advisor: Healthy Living and Personal Trainers
I met with someone recently who said “hiring a personal trainer has been a game changer, because I don’t have to create the workouts”! Sometimes, in order to make progress, we need a 3rd party to lighten the load and hold us accountable. I’m a big advocate for healthy living. In my opinion, healthy living…
Read More20 Second Advisor: 3 Reasons to Talk To Your Kids About Money!
There are a few taboo subjects that parents usually avoid when talking with their kids. One of them is money. Here are a few reasons I encourage you to talk to your kids about money: Money impacts or touches nearly every area of life! We all know it’s important so why do we avoid the…
Read More20 Second Advisor: How to better yourself during quarantine
With COVID-19 almost affecting everyone’s day to day lives, it’s not easy staying focused or motivated. If you have been craving more productivity or purpose during quarantine, here are a few free ways to better yourself: Learn how to cook: Several “top” chefs have offered cooking classes free of charge. Check out Christopher Kimball’s Milk…
Read More20 Second Advisor: Budget considerations amid COVID-19
As we brace for the impact of COVID-19 and await policy interventions, here are a few considerations to keep in mind to stay financially resilient: Budget– revisit your budget and see if you can trim expenses in certain areas. It’s one of the most useful and essential steps during difficult times Service providers– reach out…
Read More20 Second Advisor: Coronavirus and the hysteria cont’d
I read a great article about the coronavirus that helps put it into perspective. Here are some of the main talking points: There are 79,331 cases worldwide, all but 2,069 are in China (as of Monday February 24th 2,595 deaths in China and 23 elsewhere in the world Death rate is around 1 % or…
Read More20 Second Advisor: 4th of July & Wealth Creation
As we celebrate the 4th of July this week, please enjoy the hamburgers and hotdogs, the fireworks, and, yes, the ability to create wealth in United States. The Declaration of Independence argues that all people are entitled to “Life, Liberty, and the Pursuit of Happiness.” The United States provides an incredible place for citizens to…
Read More20 Second Advisor: Tax Hike? What to do for 2019.
A lot of taxpayers will see their taxes drop as a result of the tax law passed in 2018. However, some families will see an increase in taxes. One of the main triggers for a tax increase is the new cap on the state and local tax (SALT) deduction. Previously, families could deduct an unlimited…
Read More20 Second Advisor: The 12% Your Coworker Lost
Markets are unpredictable. Part of being a long term investor is bearing the uncertainty of the market. Will it go up this year? Or down? Study after study shows* that most DIY investors make poor market timing decisions. When markets go down, people get antsy. It’s HARD to see your assets go down in value. …
Read MoreA new kind of suburb!
2 years ago, my wife and I moved from the city out to the suburbs. Our desire was to live in a walkable community with friends and family and have access to some good restaurants and amenities. According to research from Zillow, almost half of millennial homeowners live in the suburbs. While millennials might have…
Read More