LWM Blog

Carl Richards, author of “The Behavior Gap” wrote:

“It turns out my job was not to find great investments, but to help create great investors.”

 The behavioral aspects of finance and investing are something Richards has done a wonderful job examining and passing along to advisors and investors. Managing cash flows, remaining steady with investments, and being mindful of spending are all areas that he’s focused on and helped investors with.  [Read more…] about Becoming a Great Investor

There seems to be a misconception that only people with a lot of assets need to have a will.  That is not true.  When you’re starting your financial career, as soon as you begin accumulating any type of assets, you should have a will made.  There may not be much to that will at first, but in the event something happens to you unexpectedly, your loved ones will thank you.

So now we all know that we ALL need a will. But did you know you have options when it comes to creating a will? The do-it-yourself route is definitely one option.  Finding an attorney to draw up your will is another.  If you think your will is pretty straightforward, it may be more appealing to take this task on yourself.  But is it worth it?  Let’s weigh the pros and cons, and look at the basics of a do-it-yourself will. [Read more…] about Is a Do-It-Yourself Will Acceptable?

As a young investment advisor in my late-20’s, I’ve fielded a lot of questions from my peers.  As a group, we’re entering the stage of our lives where personal finance decisions are becoming extremely important.  We’re starting to earn more money, plenty of people are getting married, buying homes, and starting families.  One or two bad financial habits, or big mistakes, can really derail your financial situation for years to come.  As younger Millennials, we want to take that next step towards financial independence, and with that there are some general mistakes we need to avoid. [Read more…] about Millennial Money Mistakes

There are a lot of ways to become financially successful.  Some people work 70 hours a week, some people work 40.  Some people inherit piles of money, and some people start with nothing.  There is no one clear cut answer that works for everybody.

However, there are a few universal ways to hurt your chances of finding financial success.  I want to talk about those today. [Read more…] about Don’t Play the Victim

There’s a million different ways to do it but, at the end of the day, golf really is all about getting the ball in the cup.  It doesn’t matter how you do it or what it looks like.

I’ve been playing more and more golf over the years and getting better and better along the way.  Naturally, as an advisor, there’s a few key lessons you can learn from golf that tie in directly to successful personal financial management. [Read more…] about You Can’t Take a Financial Mulligan