What Client Fees?

 

In my daily perusal of my own social media marketing efforts, I often see how other businesses approach their use of social media.  Yesterday I saw a post that read on the order of, “Discussing advisory fees with clients can be a challenge.”  I thought, I find it rather easy in that a single sentence makes both the client and me very, very happy: “Clients don’t pay me for my Wealth Strategies Services.” Continue reading “What Client Fees?”

Testimonial Videos Premiere!

I have been wanting to include some of my best clients in video testimonials for prospective clients and for new clients to review and also share.  When you find something good, something exceptional, it’s natural to want to share it with people close to you whom you care about. Continue reading “Testimonial Videos Premiere!”

The Thinly Veiled “Hedonic” Economy

As both mainstream media news, not-so-mainstream media news, and even our current administration tout the “strength” of our present economy, we must remember that they are measuring in units that are and have been a moving target of value.  Even President Trump, who called out the misleading statistics published by the US Government as “Candidate Trump”, has lately been drinking the government Kool-aid as well.  Granted, as long as you are measuring by the same means, his numbers are better than the last administration, but I don’t think he should be beating the “strong economy” drum quite so loudly.  The problems that caused the 2008 crash of the market and banking industry have not been fixed and have only grown larger in the past 10 years. Continue reading “The Thinly Veiled “Hedonic” Economy”

Time will tell… But don’t wait that long!

Although it’s my birthday today, I’m building a business and working on marketing that will attract new clients, so I don’t see that I’ll be taking much time to “celebrate”. I meet with friends regularly, and even had coffee with a friend planned this morning, but that got moved. In my opinion, true friendships aren’t like batteries, they don’t lose their value because you haven’t charged them recently. At least they shouldn’t be like batteries. If I liked and respected you last year, I don’t see a reason that I wouldn’t like and respect you this year, or next decade; despite us not finding time in our busy lives for one another. Continue reading “Time will tell… But don’t wait that long!”

Guilt-Free Spending (part 2)

Part II

When you keep a budget, you should know where your money is, where it went, what it’s being used for, and how much you have reserved for your personal use.  The reason that many people don’t have money is that they don’t plan to have money.  Really, that’s not a flippant statement.  People who have money have made a plan to have money; meaning they’ve made a decision and a plan to not spend everything they makeContinue reading “Guilt-Free Spending (part 2)”

The Crypto-Currency, Gold Connection

Despite the graphic, bitcoin has no physical properties.

Even with all the crypto-currency hype, nearly everyone was shocked at the 1,270.5% gains of crypto-currency flagship Bitcoin in the last year.  Even more shocking, the distributive ledger technology that allows it to work is already outdated! Continue reading “The Crypto-Currency, Gold Connection”

Guilt-Free Spending (part 1)

 

Part I

‘Why do I feel guilty spending my own money?’ is a question that many people struggle with.

The seeds of this article stem from that question I saw posted in an online forum that I really had the desire to address.  When I tried to access the answer page to submit an answer, the user had retracted their question, likely thinking that it wasn’t a valid concern.  I thought it was a very valid concern and I had thought, “I know exactly why she feels guilty” and wanted to help.  So, since I didn’t get to answer the girl’s question, I’ll address it here and hope that she and others who have that same very common concern find it someday. Continue reading “Guilt-Free Spending (part 1)”

Seasoned Professional, 10 Years to Retirement

Photo courtesy: nokhoog_buckanchon at freedigitalphotos.net

This engineering professional had accumulated a good-sized 401(k) with a large public firm and had a desire to remove as much of his accumulated retirement wealth from the risk of any Wall Street market exposure as possible.  The description on his account statement that he was “100% vested” lead him to believe that he was in complete control of his retirement funds.  The reality, however, was that the company for which he worked and the custodian that held his funds would not release a surprisingly large portion of his retirement wealth despite classifying it as 401(k) to IRA rollover. Continue reading “Seasoned Professional, 10 Years to Retirement”

Business Entrepreneur’s Education / Retirement Fund for Daughter

Photo courtesy: David Castillo Dominici on freedigitalphotos.net

A business entrepreneur with a young, pre-teen daughter wanted to set up an account usable for college funding.  While a 529 account might come to mind, once funds are placed into a 529 account the government stipulates, in return for tax-deferred status, the purposes to which both the capital and the gains can be applied.  I suggested another strategy for this application that had much farther-reaching and beneficial lifetime benefits for this father and daughter. Continue reading “Business Entrepreneur’s Education / Retirement Fund for Daughter”

Grandfather with 5 Grandchildren, Age 85

Image courtesy: photostock at FreeDigitalPhotos.net

A grandfather of five grandchildren and one great-grandchild inquired if I could assist him in setting up a wealth-transfer to his several grandchildren.  “I have money in my bank account that I’m not using, am not likely to use, and am earning next to no return on!”, he stated, opening the discussion. Continue reading “Grandfather with 5 Grandchildren, Age 85”