Living in uncertain times

This is the third in what is turning out to be a “living in uncertain times” series (find the previous two below.) The first two were about changing government policies, but of course all times are actually uncertain. Which is why this time I want to talk about a way to plan ahead, so that if our situation changes unexpectedly, we are ready for that, and can reduce the stress associated with it. Continue reading

Taking care of our finances in changing times

Last time I talked about the importance of taking even better care of our finances, as the U.S. government prepares to reduce financial protections for individuals and for the economy as a whole (article below).  And while the individual protections are specific to Americans, the risk of removing stock market protections affects the whole world. The legislation has now been passed by the U.S. House and is slated to go the Senate.

So the question is, exactly how do we take more personal responsibility for our personal finances?  How do we take care of ourselves by taking care of our finances?  This is obviously a very broad topic, but let’s hit three of the highlights.

Click here to continue reading…

What matters now

The changes being made in Washington D.C. make it more important than ever that we take personal responsibility for our personal finances (and unfortunately the impact of the changes may not be confined to the U.S.).

In January, an organization called the Consumer Finance Protection Bureau sued Navient, the U.S.’s largest servicer of student loans, alleging that the company had deceived and misled borrowers to the tune of $4 billion. Click here to continue reading…

The Annual Check-Up

Redwood pathWishing you blessings for the New Year. As we head into the new year – and one that could be tumultuous – now is the time to make our new plans. Last month, if you remember, I encouraged you to end the year by reviewing how your finances went in 2016. And in January, with that done, we prepare for the year ahead.

To that end, I’m offering what I call the “Annual Check-Up”. Click here to continue reading…

The trouble with inheritances

Recently a client of mine came into an inheritance, and I’m happy to say that he contacted me right away.

And in February, the Wall Street Journal ran an article [ http://blogs.wsj.com/experts/2016/02/05/the-sad-financial-future-that-awaits-many-nfl-players/ ] describing how many NFL players lose all their money within 12 years of ending their football careers, despite their high earnings.
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How are these two apparently random facts connected? Well, both are about someone receiving a large sum of money over a relatively short period of time. In principle, this sounds as if it should be a great thing, wouldn’t you think?   Click here to continue reading…

Summer money

Happy summer! This is my favourite time of year, and I am enjoying the long days and heat. I do get that not everyone thinks 100 degrees is wonderful, but it really works for me.

I’m happy to say that I’m back to work after taking my certification exam. A couple of weeks ago I took (and passed) the exam, and after completing the final paperwork last week, I should shortly be able to use the certification: Accredited Financial Counselor. After the months of studying, it is wonderful to be able to bring my attention back to my work again!

In a recent class, I got an interesting question from one of the students, and I thought I would share it with you, because it’s the perfect thing to bring up as we head into summer. She asked: “What is the one thing you would advise us regarding our money?” I gave it a bit of a think, and this is what I came to: it is the money hour.​​​​​​​   Click here to continue reading…

The real question…

Spring is arriving in California.  I hope that it is as beautiful where you are as it is here.

After last month’s newsletter about the importance of making a plan, someone replied and said well, that’s all well and good, but you haven’t addressed the real question.  The real question is: so I made a plan, who’s to say that I’m going to follow it?   Click here to continue reading…

Do you know a young professional who would like to get a handle on their finances?

One of the things that people say to me is: “I have so little money, it doesn’t make sense to work with my finances.”  Actually, the exact opposite is true – that is the perfect time to do it!  The truth is that it is exactly when we have tight resources, that it can be most effective to sit down and make a plan for what we would like to do.   Click here to continue reading…