When financial advice doesn’t apply

Traditional money advice sometimes bugs the crap out of me. Imagine what we’ve been going through these past several months — nothing that “traditional” personal finance can really speak to there, right? So-called money experts often come up with these silly ideas that are supposed to help you get control of your money. Did you…

Details

Do you fear being toooooo successful??

Part of your overall money mindset is how you feel about issues of self-identity, independence, and feeling powerful. Some people are freaked out by power, so they back away from anything that shines the light on them too brightly. Or, you might not feel powerful at all, so you try to “borrow” someone else’s power…

Details

How To Change Your Financial Habits

Financial habits are just as difficult for some people to make and break as any addiction or other bad habit. Yet others can change their habits quite quickly and effectively. Do those people just have more willpower?  Are they smarter? Are they somehow better than the rest of us? Nope.  In Gretchen Rubin’s book, Better…

Details

Leaving a Legacy: A Guide to Charitable Trusts

This week’s blog is written by guest author, Lyle Solomon, principal attorney with Oak View Law Group. We all want to be remembered for doing good. If you’ve been fortunate enough to acquire wealth and wish to do something with it beyond leaving it to your beneficiaries, then a charitable trust may be for you.…

Details

Which Trust is Right For You?

This week’s blog is written by guest author, Lyle Solomon, principal attorney with Oak View Law Group.   Trusts can be broadly classified into four distinct types. They are divided based on when they become effective and who the owner of the assets is. The four types of trusts are living, testamentary, revocable and irrevocable.…

Details

Should You Open a Trust?

This week’s blog is written by guest author, Lyle Solomon, principal attorney with Oak View Law Group.   Although drafting a trust can be quite complex, the basic concept of a trust is relatively easy to understand. In simple words, it means that a person is holding property for another person’s benefit.  What is trust?…

Details

Arguing About Money

All couples argue, but what are couples fighting about the most? According to a survey from the American Institute of CPAs, money is the most common reason married or cohabiting couples fight. Of more than 1,000 American adults polled, 27 percent of participants said that disagreements over finances were most likely to erupt into an…

Details

When is it too young to talk about money?

When is it too young to talk about money? Maaaaaybe before age 3. But from age 3-5 kids already understand the idea of exchanging things of value. In fact,  a survey out of University of Cambridge concluded that, by age 7, many money habits are set, which means it’s essential to start early.  Here are…

Details