More than a Money Manager.

How to set up an emergency cash fund

Posted by Jeff Goodnow on March 22, 2019

What To Do With Unexpected CASH?

What is the best way to prepare for life’s unexpected financial surprises? Set up an emergency cash fund that you can turn to when the unforeseen hits.

How do I set up an emergency cash fund? This is often the first question we ask when we are serious about getting our financial house in order.

We have all been there when a little extra cash comes our way.

During the holidays you may get a card from grandma with some money tucked inside. Then birthdays roll around and a card from Great Uncle Chuck comes with another bit of cash. Or maybe you get a surprise bonus at work.

One of the best things we can do with a small cash windfall is use it to build an emergency cash fund, if we don’t already have one. Despite what we all rationally know is the right thing to do, most of us will often spend our small windfall on things we don’t really need.

Why is that?

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Topics: Financial Planning

What should I expect working with a financial coach

Posted by Jeff Goodnow on February 22, 2019

Working with a financial coach is only going to produce results as good as the information given. Honesty about your current financial situation is the first expectation of your relationship.

A reality of working with a financial coach is that we need to know the truth about your specific situation in order for you to realize the maximum benefits from financial coaching.

Have you ever heard of the saying "garbage in, garbage out"? If the relationship doesn’t start out with honesty about your financial situation, you will most likely not achieve the results you want or need.

Would you believe that 60%-80% of patients lie to their doctors even though we know doing so will hurt us. What is it that prompts us to knowingly hurt ourselves by lying? For many of us it is to avoid embarrassment and our fear of being judged. For others, it is not being willing to admit we don’t understand the doctor’s instructions or terminology.

These findings are not just limited to physicians. They also apply to financial professional relationships like financial coaches, planners, investment advisors, accountants, and tax attorneys. The quality of care and value clients receive from any financial coach is directly proportional to the quality and accuracy of the information they provide.

Once we are honest with each other, we can begin to discuss other expectations regarding your personal financial goals and wellness.

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Topics: Financial Planning

How to increase your net worth in 12 months

Posted by Jeff Goodnow on January 7, 2019

How do you increase your net worth in the next 12 months? This is a straight forward question. Yet, it is one that many people can’t or don’t want to answer. The truth is, it is not their fault.

There’s a lot of pieces to this puzzle, so let’s be clear about what we are going to discuss:

  • Assets and Liabilities (components of Net Worth)
  • How to calculate your net worth
  • Why your net worth is important
  • The five things that hurt your net worth, and
  • The five things that help your net worth

As we begin to learn about net worth, let’s address some common mistakes that distract people from growing real wealth and achieving financial freedom.

Unfortunately, most people see “things” and assume they equate to wealth. Merriam-Webster defines “wealth”, as an abundance of valuable possessions or money.

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Topics: Financial Planning

What Science Can Teach Us About Creating Wealth: The Role of Simple

Posted by Jeff Goodnow on December 10, 2018

What Science Can Teach Us About Creating Wealth: The Role of Simple

The National Center for Biotechnology Information reports that “Science is valued by society because the application of scientific knowledge helps to satisfy many basic human needs and improve living standards”. So important is simplicity in the philosophy of science that there is principle guiding its application. Occam’s razor states, all other things being equal, the simplest theory is most likely true. In other words, simplicity is a meta-scientific criterion by which scientists evaluate competing theories.

The genius of some of the greatest minds in science was in their ability to explain difficult subjects in a simple manner. Albert Einstein himself said, “the definition of genius is taking the complex and making it simple”.

Does the concept of simplification apply to finance, and specifically creating wealth?

We believe the answer to that question is “yes”.

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Topics: Financial Planning

Ultimately we like to say that we are "More than a Money Manager. This is a small business run by people not robots. We talk, we plan, we execute together, as partners working to achieve the same goal."

Here are some topics you'll read about in our blog:

  • Our risk management techniques that make investing a smoother ride.
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