If you receive a large windfall from an inheritance or lump sum settlement, you’re suddenly faced with financial decisions you weren’t expecting. Getting a lot of money at once can be a blessing and a curse. You’re not only dealing with the emotions of receiving this money (maybe from a loved one who passed away, or a lawsuit resulting from an accident), you’re also dealing with the logistics of … [Read more...] about What To Do with an Inheritance or Settlement
The Nuts and Bolts of a Mortgage
If you’re considering buying a home for the first time, there are a lot of terms thrown around that make the process seem pretty daunting. The one you’ve probably heard of? The mortgage. Much like rent, your mortgage payment is due monthly. But what does that payment cover? How do you get approved for one in the first place? And how do you even know what you can afford? I PITI the … [Read more...] about The Nuts and Bolts of a Mortgage
Student Loan Debt and What to Do About It
When you work with Millennial clients like I do, you are very well-acquainted with how student debt can affect a person’s everyday life. As countless articles and news reports lament, today’s 20 and 30-somethings are putting off buying homes and cars, getting married, having kids, and saving for retirement. While a bachelor’s degree is generally a good investment that will earn you about $1 … [Read more...] about Student Loan Debt and What to Do About It
Want Kids One Day? Begin Saving Today
If you’re feeling the urge to have your first baby, you’ve probably spent the past few months or years imagining what your future baby will look like, what names you like, and how adorable they’ll look in a onesie with little ducks on it (so adorable!). But when you’re planning to have a baby, you need to plan for more than nursery color schemes. Babies need more than onesies and love, y’all. … [Read more...] about Want Kids One Day? Begin Saving Today
Are You Prepared to Ride Out the Next Recession?
The stock market experienced quite a few drops in January, causing a frantic debate in the media over whether or not another recession is coming. You might have been in college during the 2008 recession, or recently graduated and struggling to find a job. Or maybe you were a few years into your career and watched your 401(k) get cut in half. The recession was poorly-timed for Millennials like me … [Read more...] about Are You Prepared to Ride Out the Next Recession?
Why Mom And Dad Aren’t Your Financial Planners
When I meet with potential clients, I get a sense of what’s on Millennials’ minds when it comes to their money. Many of you have the same concerns -- things like saving, paying off debt or saving for retirement. But I’ve noticed a trend that I didn’t anticipate: potential clients who want to get permission from their parents before working with a financial planner. Not advice. Permission. This is … [Read more...] about Why Mom And Dad Aren’t Your Financial Planners