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For These Financial Areas, Emotion is More Important Than Logic

Money is hard.

Take it from us, we are honored to have very intimate, fragile conversations with clients like you every single day. And if you’ve been a part of those conversations, you know that it can be very emotional.

Sometimes we think myopically that money is just about numbers—it’s spreadsheets and calculators. All we need to do is be completely rational and figure out how to get the most out of an investment. But that’s not all money is.

You may have heard the phrase: “Personal finance is a whole lot more PERSONAL, than it is finance.” There is so much truth in those words.

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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Introducing Prosperion Planning

Introducing Prosperion Planning, the new service from Prosperion Financial Advisors. Learn more at www.prosperionplanning.com

We built Prosperion Planning specifically to help younger families get on the road to financial independence. A service to help them during a time in their lives when making small choices may add up to a big impact. We wanted to make it accessible, valuable, and affordable so it fits within a monthly budget, just like Netflix or a gym membership.

We learn about their needs and priorities and provide advice specifically for their situation. Whether it’s adding to the family, changing jobs, building a business or any number of complicated life decisions, we’re there to help guide them through each turn that life takes.

John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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Now Available: Millionaire in the Making by John Booren

In the last year, I’ve had the realization that there are far too many people living in the most financially impactful years of their lives who lack the necessary planning and guidance to make wise financial decisions. The kind of decisions that will dramatically impact their future.

Those families and individuals I’m referring to are typically in their 20s or 30s and may be far removed from the retirement they hope to have one day. What they fail to realize is that they are slowly losing the greatest element an investor has, one that can’t be bought or recovered: time.

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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Lessons from Omaha

Rumors speak of a man in Omaha with god-like investing prowess. His legend is constantly examined by professional, professors, and even the media pundits. His 70+ years of investing and straightforward strategy is often cited as the gold standard for experts and amateurs alike.

So last month during a visit to mythical Nebraska, I decided to pay a visit to one of investings’ greats, and perhaps have a cup of coffee and compare approaches. But upon pulling up to his very pedestrian home (which was distinctly lacking in moats and drawbridges) I was too chicken to get out of the car, much less knock on the door!

My “visit” to Warren Buffett, the Oracle of Omaha, did get me thinking about his contribution to modern investing strategy. As complicated as that might sound, Buffett’s greatest skill may be his simplistic approach to portfolio design and investing overall. These insights are consistently shared with those opting to invest in his company Berkshire Hathaway, via the annual shareholder’s meeting (or Woodstock for Capitalists as it is affectionately called).  In light of last week’s meeting, let’s take a look back at three of Buffett’s best investing principles.

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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Financial Tips for Newlyweds

As another summer wedding season comes to a close, many new couples will, for the first time, learn financial responsibility for two. So whether you’re a young couple tying the knot or you found your spouse a little later in life, here are three themes to help navigate this new territory.

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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The 8 Best Financial Apps for Money-Conscious People

You’d be hard-pressed to find someone without a smartphone or tablet these days. Companies like Apple and Samsung have redefined how we communicate, what we rely on, and our ability to access information. Around here, we call this device a “de-materializer” because you no longer need to carry a phone, calendar, watch, calculator, music player, or a computer. Instead, you have access to all those functions and plenty more in one small device.

With so much access to information, how can we use these devices to make our lives easier? From market data to mobile price checking, I’ve selected my favorite financial apps that every money-conscious person should have.

eMoney (Wealth Vision)

emoneyFor those of you who utilize our complementary WealthVision service, this app gives you instant access to your entire financial dashboard. It makes it easy to track your spending, access your document Vault, or follow your investments in one place.

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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2 Easy Ways to Reduce Your Taxes

In preparation for this week’s Prosper On commentary, I Googled “How to reduce taxes.” The result: nearly 45 million pages. I didn’t have a chance to go through all the results, but those I did see led to ads and articles discussing all the complex options for reducing your tax bill.

With three weeks remaining in the 2012 tax year, our theme for Prosper On has turned toward taxes. From planning to organization, we want to provide some relief and strategies during this busy season.

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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Make the Media Work for You

“News is to the mind what sugar is to the body.” – Rolf Dobelli

We live in a world of news and media. We are constantly bombarded by headlines, articles, stories and breaking news updates. The media encourages us to fixate on one issue from so many angles that we tend to get dizzy and lose sight of the main point. And when the going gets tough…the media gets ugly!

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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Get Fiscally Fit for 2013: Part 2

Last week my partner Greg Horstman listed ten areas to review before 2012 comes to a close. This week, let’s turn our focus to 2013 and explore some habits worth adopting for the New Year.

The typical question every January is “What’s your New Year’s resolution?” That’s why the gyms are filled to capacity and commercials preach the “greatest weight-loss secret.” So instead of making a resolution this year (which only 46% of Americans maintain after six weeks), try developing a few new habits.

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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The Day After Tomorrow

The next 24 hours are going to be crazy. Six months of fierce politicking and advertising all comes down to this one day – election day. With the election wrapping up and a new president stepping in, hopefully we’ll see some market-plaguing uncertainty disappear. We can only hope that a clear winner is announced and the election is put to rest.

On the bright side, it should all be over in 24 hours. It will be nice to close the book on another heated, controversial and exciting election season (and give my commercial-skipping DVR a much deserved rest). So while the next 24 hours may seem crazy, in the morning things should return to business as normal. That’s the important perspective.

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John Booren

John Booren

John started his investment career in 2012 after graduating from Colorado State University with a bachelor’s degree in Financial Planning. His desire is to provide care and guidance for individuals and families through all aspects of their financial life. Learn more about John here.

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