Tag Archive for: Millenials & Young Professionals

Forecasting: An Illusion of Knowledge
Have you ever tried shaking one of those magic eight balls found in the toy aisle? You know the gist: Ask a random but important question like, “Will the Broncos win the Super Bowl this year?” Then get a generic answer like, “Ask again…

Financial and Time Independence: What’s Your Score?
My business coach, Dan Sullivan, often speaks of freedoms. It’s his belief that entrepreneurs create and own businesses primarily for the freedom to conduct business in their own unique way. They often aren’t seeking freedom “from”…

Two Lessons from History
As a child, I found history class to be an insufferable bore. The study of people well before my time in circumstances far different than anything I would likely encounter seemed like an act in futility. But age brings wisdom, and as a chronologically…

The Balance of Trust and Anxiety
At the time of its construction, the Brooklyn Bridge was one of the largest structures the world had ever seen. Opening in 1883 to connect Brooklyn with Manhattan, it was twice the size of any other suspension bridge. But the then-modern marvel…

The SECURE Act 2.0 Proposes Several Changes to How Americans Save for Retirement
The SECURE 2.0 Act aims to expand retirement savings options for Americans. It includes provisions such as increasing the age for required minimum distributions, allowing long-term, part-time employees to participate in 401(k) plans, and creating…

Bullish on Humility, Gratitude, and Discipline
It has been a year for humility as many of the traditional methods of managing risk inside portfolios have been taxed. It has been a year of consciously focusing on gratitude for all that we have and all that has gone well. It also has been a year where the value of our disciplined commitment to planning has never been more highlighted.

Focus on the “Personal” in Personal Finance
One of my favorite sayings is that personal finance is far more personal than it is finance. Simple math would tell you the wisest course of action is putting extra cash to work in the market, but the best advice isn’t always driven by cold hard math.

The “Personal” in Personal Finance
During a recent new client meeting, we had a couple tell us they had purchased property in north Denver several years ago. What was once a run-down area in the stockyards has now become a hot market, with development skyrocketing as the neighborhood reinvents itself.

Growing Our Way Out of Inflation
With fall in full swing and snow adorning the mountain tops, I turn to a classic dish for a little winter comfort: Campbell's Tomato Soup. First introduced in 1895, the can would don its familiar red and white label in 1898 after an executive…

The Way Out of Inflation
Imagine the entire economic output of the United States is measured in apples. For the sake of simplicity, let’s say our country produced ten apples in 2021. Collectively, we had $10 to spend on those ten apples. As a result, each apple costs $1. Simple right?

My Formula for Building Wealth
Warren Buffett turned 92 on August 30th. Given his investment prowess and lifelong dedication to finance, it's incredible that most of his wealth (96%) was acquired after he turned 50. He attributes his success to a simple and salient truth:…

Overcoming Bear Market Mindsets
The S&P 500 is down about 24% as of October 3, 2022, effectively creating a new low for the year and placing it well within a bear market by the traditional definition of 20%. The NASDAQ is down about 33%, and the DOW is down about 20%.
Any…

Ready for a Recession?
Instead of suggesting the likelihood (or unlikelihood) of a recession, I'd like to offer this: If we ultimately experience a recession, consumers are in a far better position to weather the economic downturn than they have been in decades.

The True Costs of Average Inflation
Inflation exists all around us and has only recently come to the forefront of the discussion for one simple reason: It’s not a few things getting expensive anymore; it’s everything. Or at least it feels that way.

Improving Investor Behavior – Your Personal Economy
On August 10, the U.S. Bureau of Labor Statistics (BLS) released updated inflation numbers. While the top line number of 8.5% is still large compared with this time a year ago, the markets and some media outlets latched onto another statistic…