Entrepreneurship is huge for millennials. Many of my clients run their own businesses, side hustles, or are thinking about quitting their day job to live the life of an entrepreneur. I’ve long since given up a commute and a cubicle for the freedom to work from anywhere in the world. Follow any business guru on social media and you’ll be bombarded with messages about how the hustle is worth it when … [Read more...] about How to Avoid Burnout as a Small Business Owner
Every year, I’m blown away by how much Gen Y Planning has grown. But I’m even more impressed with how much our clients have grown. Our clients are getting raises and promotions, running businesses, buying houses, starting families, and celebrating milestones with us. Achieving your goals feels great. (Congratulations on everything YOU achieved this year!) But sometimes we get so busy achieving … [Read more...] about For Lifelong Dividends, Invest In Your Relationships
Tax time is looming on the horizon, but you don’t have to wait until those 1099s and W-2s become available early next year to begin planning. A year-end tax projection can help you take stock of the past year and identify ways to maximize your tax situation, retirement savings, charitable contributions, and more before the end of the year. I’m a fan of turning to tax professionals when it … [Read more...] about Should I Get a Year-End Tax Projection?
Last week in the Gen Y Planning blog, I discussed what you should consider if you’re thinking of refinancing your mortgage. This week, let’s look at another form of debt keeping millennials up at night: student loans. When you refinance your student loans, you trade your federal or private loans for a private loan with different terms. The potential switch from a federal to a private loan means … [Read more...] about Should I Refinance My Student Loans?
Mortgage rates dropped below 4% within the last few months. Does that mean it’s time for you to refinance and lock in a lower rate? Homeowners refinance for all sorts of reasons: to lower their monthly payments, to change the amount of time they have to repay their loan, to get some of their equity back in the form of cash to apply toward other financial needs, and, yes, to lower their … [Read more...] about Should I Refinance My Mortgage?
You’re ready to get your finances organized and begin making your money work harder for you, but knowing where to start is difficult. It doesn’t help that financial planners have traditionally given clients a novel-length report of findings and recommendations complete with complicated charts and graphs. Taking a stack of papers home and trying to remember what you were supposed to do is … [Read more...] about 5 Ways to Build Wealth in 30 Minutes or Less