Any time you can leverage the power of compounding in your favor, it deserves your full attention. When the opportunity to earn compound returns happens in a place where you get a tax benefit at the same time, it’s a no-brainer to take advantage. Lowering or...
New ideas are always difficult to accept at first. This is never more true than when those new concepts conflict with our existing beliefs. When seeking to understand the world around us, our brains are hardwired to take the path of least resistance. We naturally...
Time mixed with the power of compounding is the most potent combination for wealth creation. Compound interest allows you to grow wealth faster by earning a return on your past returns. This isn’t a linear relationship – it’s exponential. The human brain isn’t good at...
The most important rule in planning for retirement is to save early and often. How early and how often? Start as soon as you begin earning an income and save some of every paycheck. If you haven’t been saving, then the time to start is now. Saving early gives you what...
I meet with a lot of executives, managers, and other highly compensated employees of publicly-traded companies, and I often spot a big red flag in their portfolios: They have lots of money tied up in the stock of the companies they work for. The buildup may have...
Choosing a financial advisor can be a confusing process, particularly given the different standards of care that financial professionals provide. Making matters worse is the wide range of job titles and designations people use to convey their expertise....
