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
LWM Blog
Don’t Play the Victim
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
You Can’t Take a Financial Mulligan
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
The Weakest Link
Remember the British game show “The Weakest Link”? In the early 2000’s the show became popular, and the catchphrase of the host, Anne Robinson, became more and more mainstream.
After each round of the quiz show, Robinson would send one player home saying, “you are the weakest link, goodbye!”
Why do I bring this up? Earlier this week I was reading a post from David Perell about 50 ideas that changed his life. I wanted to take a few minutes today to discuss a few of those ideas, and how they can help change your financial life. [Read more…] about The Weakest Link
The Fear of Financial Suffering
I’ve been reading more fiction lately. It’s a welcomed escape into another world. At times during this pandemic, it’s been necessary to retreat into a world less REAL than what we’re currently experiencing.
A few of the novels I’ve read have been written by renowned author Paulo Coelho. Specifically, ‘The Alchemist’ and ‘By the River Piedra I Sat Down and Wept’.
The lessons written by Coelho in these novels are not financial by any means. [Read more…] about The Fear of Financial Suffering