There may come a time in your career when working 40-plus hours a week just isn’t possible. It’s common to exit the workforce for a few years to deal with a health issue, or care for young children or elderly relatives. But your reasons for wanting a break may be different! Lots of workers are taking a detour from their career path to travel, take on a creative project, learn new skills, or avoid … [Read more...] about How to Set Yourself Up for a Future Career Break
You know you want to be together forever, but if there's one thing you fight about, it's money. Maybe you’re a spender and your partner is a saver. Maybe you keep cash in savings accounts while they gravitate toward risky investments. Maybe they want to maintain detailed budgeting spreadsheets, but you’d rather not dedicate the time to that. It’s possible to get along really well with someone … [Read more...] about You’re compatible in every way … except financially. How to deal?
I recently saw a Twitter thread claiming that the only path to wealth is self-employment. I call shenanigans. For one thing, everyone defines “wealth” and “success” differently. For another, there are many different paths to attaining both of those things. As someone who works with both entrepreneurs and people who work as W-2 employees, I can tell you that it’s possible to become wealthy — … [Read more...] about Do You Have to Start Your Own Business to Become Rich?
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?