Financial

Finance Lessons for Your Teens

The current healthy economic environment has caused most everyone with children to reprioritize their spending and saving habits. Unanticipated additional household income may present an opportunity to instill the right financial habits in your teens that can carry them into adulthood. Just as our grandparents of the Great Depression era developed deeply ingrained attitudes about […]

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Financial Health and Wealth

Traditional definitions of financial wellness focus on the economic aspects of a person’s life. This focus points to possessing enough material wealth to withstand any reasonable economic shock and allow for the purchase of today’s gratification pleasures but neglects quality of life and peace of mind. A finance-only definition of well-being assumes that emotional well-being […]

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Economics: Historical Significance Today

Grasping a coherent vision of the future requires a whimsical imagination. A broad, worldly, nostalgic view of 20th-century history would be beneficial as well, particularly when we peer into the fascinating world of economics. Stepping outside of our narrow nostalgia generates courage to think in ways we might imagine to be entrepreneurial, survivalist and adventurous. […]

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Does Your Retirement Track Really Matter?

What Are Your Retirement Expectations?In the story of Alice in Wonderland, Alice arrives at a fork in the road and wonders aloud which road to take. The smiling Cheshire Cat appears and asks her what her destination is, to which she replies, “I don’t know.” The toothy cat then proffers the only possible response, “Well, […]

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The Psychology of Investing

Avoiding Five Common Behavioral Mistakes We like to think of ourselves as rational investors, but sometimes our actions indicate otherwise. Despite education and experience, research done in the field of behavioral finance—a combination of psychology and finance that analyzes why and how people make financial decisions—suggests that the majority of people are subject to psychological […]

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Financial Survival Guide

No matter your demographic, there are certain financial principals in a capitalistic economic system that are truisms: Educate yourself, work hard, persevere, save and invest dollars now for the future, and live more happily ever after. Having extra funds for the future buys you more freedom when you want it most. Not saving enough dollars […]

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What You Should Expect From Your Financial Advisor

In the realm of investment advice, value is defined by what you receive from your advisory relationship that meets or exceeds your expectations, for the fees paid. With most clients, it has much less to do with pricing or investment performance than it has to do with the fulfillment of promises and commitments made at […]

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Most Investors. Is This You?

Most investors feel secure with relatively steady upward progress in their portfolios and no sudden crashes. Of course, they understand that this yearning sentiment doesn’t mean making money every single year. Rarely does anyone achieve that, not even the investment greats. But for mindful investors, it’s about reducing the swings to a bearable range, which […]

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Disaster Relief

To say that the Woolsey Fire was a disaster is a gross understatement. The amount of property damage— both to structures and the beautiful landscape burned in Los Angeles County—was staggering. Presently, the value of the 670 homes destroyed in Malibu alone is estimated at $1.6 billion. The Woolsey Fire destroyed about 100,000 acres and […]

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Important Financial Terms USE

Asset-Backed Securities An asset-backed security is a security whose income payments and value are derived from and collateralized by a specified pool of underlying assets. These asset-backed securities are bonds or notes that are backed by assets such as credit cards, accounts receivable, auto loans, commercial loans, home equity loans, and commercial assets. Capital Asset […]

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5 Tips to Help Wealthy Children Become Financially Healthy Adults

While it’s true that family wealth can make life easier, it poses its own set of challenges when it comes to raising children. Like all parents, the affluent want their offspring to grow up to be self-sufficient, responsible, and driven. Many fear, though, that their wealth will do the exact opposite, causing potential negative effects, […]

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Crucial Financial Dialogue

All of us want to successfully educate and raise our children, have profitable investments, have a successful career, have sufficient money in our budgets, plan a comfortable retirement, have fulfilling relationships, and most importantly, achieve and maintain good health. But beyond these familiar personal aspirations, most clients of financial professionals seldom discuss their deepest wishes, […]

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