This past weekend, my wife and I played “Diplomacy” with a group of friends. Diplomacy is an older game from the 50s that looks a lot like Risk, except that it’s set in Europe at the start of 1901, and there are no dice. Instead, every move every player can make is completely within their control, save that other player’s …
I recently had the experience of turning down an $8,000 per year client. They were nice enough people, planning to retire soon, who had saved up a sizeable nest egg and were looking for someone to manage their investments in retirement. We had an initial consultation, discussed their objectives and financial interests, worries and concerns, and explained our financial planning …
Hello everyone! It’s time for your annual reminder that today is Giving Tuesday, the biggest non-profit fundraising day of the year. Thousands of companies donate to provide matching dollars for donations to any number of 501(c)3 non-profits, raising billions annually over the past several years that the event has occurred. I, for one, elected to donate to the Longmont Community …
A common issue encountered by business owners and entrepreneurs of every stripe is the value of their business. While it’s common in the land of startups and venture capital to create valuations of an idea, followed by funding rounds over the years that progressively measure and estimate the value of a business enterprise for future funding rounds until the business …
That’s the tweet, as they say. Now, the reason for the terse and titular advice is that I’m currently bedridden with back pain (causes unknown) and have been for the past two days. Regardless of the why, the experience is, like many, illuminating. What would you do if you were suddenly unable to work? We often think of disability as …
For anyone who has kept an eye on the financial media for any amount of time, you’ll be intimately familiar with “the lists.” These include things like “Top 50 Brokers”, “Top RIA,” “Best Funds” and so on. These publications are ubiquitous and a non-stop stream for the publishers. In total transparency, the ones that focus on individuals or firms tend …
If you’ve read my blogs at length, you’ll know I’m fond of a particular story about United States Marine Colonel “Chesty” Puller. The story goes that he was in command of a unit at the Chosin Reservoir during the Korean War, and upon receiving news that his unit was completely surrounded by the Communists, he declared: “Good, they can’t possibly …
A few months ago, at the outset of the transition to the new office in the Prospect Neighborhood, we mentioned the phases of MY Wealth Planners’ development. As we closed up the end of the second phase and looked to the third phase, we stated that we would begin to confirm MY Wealth Planners’ value proposition for its clients and …
Well folks, I’m back from my wedding and honeymoon, and of course, as anyone who has spent any time traveling overseas does, I must now inform you of my impending transition from financial planner to travel blogger. I’m kidding, of course, but I did think it would be helpful for folks to know a few financial tips and tricks related …
When I started my financial planning practice, I was told by the regional director for Waddell & Reed that the 4-year survival rate on a financial planning practice was about 13%. Somehow, the math and probability of that number didn’t stick, and I went ahead and launched the practice. Today, I have a practice and live a lifestyle that I …