Infuriating. Insurance salesperson poses as a “financial advisor”, gives a “plan”, uses it to sell unwanted product. THIS is why we need a fiduciary standard. “r/personalfinance – My husband and I are idiots. We’ve been bamboozled by a financial advisor.” https://t.co/5dhE6lNfkg — MichaelKitces (@MichaelKitces) June 3, 2018 Earlier this week Michael Kitces shared a Reddit thread highlighting a couple who…
A couple of weeks ago I was feverishly taking down notes at Stocktoberfest East. While I filled multiple pages in my notebook (I shared most of it here), there was one quote that stood out to me more than any other; it was almost as if Howard Lindzon said it directly to me…I underlined it multiple times. “Subscription is the…
“Without 40, Oli, there’d be no me. Imagine if I never met the broksies.” -Drake, ‘God’s Plan’ Drake credits much of his success to his friends, especially Noah “40” Shebib and Oliver “Oli” El-Khatib; both have played critical roles in Drake’s rise to become one of the most popular artists right now—Noah on the music side of things and Oliver…
@jus10castelli I have enjoyed reading your blog and your tweets. Perhaps I have missed it along the way, but in follow-up to today’s tweet about working with an advisor, what questions should a first timer ask a potential advisor? I’m interested, but also a bit clueless. — Justin Gingerich (@JDGingerich) March 19, 2018 My post last week about the different…
“Don’t cheat yourself, instead treat yourself” -Richie Rich “Rather Be Ya…” from 2Pac All Eyez On Me (Disc 2) Traditional financial services companies have convinced the public that financial planning and advice are reserved only for the wealthy; without substantial assets to invest or a high income, there is no need for a financial advisor. This message has been so ingrained…
“America Saves Week is coordinated by America Savesand the American Savings Education Council. Started in 2007, the Week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.” If you did not know, this week is America Saves Week. We all know and understand the importance of saving; whether it’s…
“Saving more money is a brute force solution to the problem of unknown future investment returns. For example, if you assume a 10% return, you may only need to save $X in order to retire. However, if you don’t get 10% every year you will be in trouble…unless you can save more money. At the extreme, if you can save…
In the fourth episode of All About Your Benjamins The Podcast I am joined by an extra-special guest, my wife, Angela Castelli. Ang and I have a candid conversation about the importance of communication within a relationship when it comes to household finances. We’ll discuss why communication is the foundation to successfully managing finances, the topics to discuss, and some…
Well, it’s not a crew in the sense we all work together. In fact, members of the XY Planning Network, work independently from each other, but we are a crew, nonetheless–a crew of over 500 financial advisors. We all have our own firms, serve different clients, but are all connected by a common characteristic: the desire to help young professionals…
Wealth: 1. an abudance of valuable material possessions or resources 2. abundant supply 3. a.) all property that has a money value or an exchangable value b.) all material objects that have economic utilty; especially: the stock of useful goods having economic value in existence at any one time. -Merriam-Webster Dictionary I had the opportunity to join Tim and Tom…