All in Money

The Meaning of Fiduciary Financial Planning - Part 1

The recent DOL fiduciary rule has created quite a buzz.  The upside of that has been an increase in public awareness around the idea of a fiduciary standard, resulting in more people appreciating the importance of it in all professional relationships. The downside is the noise and confusion that often results as a new buzzword gets pounced on by the media and co-opted by the marketing machine...

Money Equals Freedom. Right?

I used to joke that I came out of the womb thinking about money.  I would sell my Barbie dolls to kids in the neighborhood, and negotiate allowances with my parents.  I started looking for babysitting gigs while I was still of the age where I needed a babysitter myself.  Even in those days, no self-respecting Mom would leave her toddler with an unknown ten year old, so I settled for being a mother’s helper.  It was a lower pay grade, but I got my foot in the door...

The Practice Of Personal Finance

The word practice connotes commitment, repetition, and an eye toward improvement. As catchy as the phrase practice makes perfect may be though, it's far from true.

We don't get better at anything simply by doing it over and over again.  We get better when we do it over and over again while trying to get better at it...

Cash Flow Yoga

What’s up with the focus on cash flow lately? It seems top of mind with many of my friends and clients. Between running a small business and those darn kids whose needs seem to grow as fast as they do, I've been giving a lot of attention to it myself...

What Financial Health Means to Me

To me, financial health means freedom. And fairness.

And sometimes, it means getting angry.  

The financial services industry that is supposed to serve us is broken. It doesn’t work as well as it could even for high net worth families, and it certainly doesn’t work for the middle class...

Everyone Has a Financial Planner

Everyone has a financial planner.  The only question is, how good is he, she, or, for you DIYers out there...YOU? We make financial decisions every day. Sometimes they are big ones, like how much house to buy, or whether to participate in our 401(k).  Most, though, are small.  But don't be fooled.  Those seemingly insignificant little choices can add up to a greater impact on our long-term success than you might imagine...

4 Ways to Get the Most Out of Your Tax Preparer

If you’ve been doing your own taxes, or giving a couple of bucks to your cousin’s neighbor’s girlfriend, who works in corporate tax but does 1040s on side, it may cause some sticker shock when you see what a qualified preparer costs. But like many things in life, you get what you pay for. So be smart about it, and look for the deeper value, which often comes in unexpected ways...

CYA The Old Fashioned Way

For years as a CPA I attended a seminar put on by the insurance company that provided my firm's professional liability policy. We used to jokingly refer to this as the CYA seminar. It was designed to help us protect ourselves from liability. A.k.a. protecting the insurance company from having to pay any claims. Being the masters of statistics that insurance companies are, I have no doubt that it did serve to reduce their claims exposure...

Let's Get To Know Each Other Better

You go first. If you stumbled your way here, I'm guessing you are thinking about money, and independence, and freedom.  Maybe you're the one who makes the financial decisions for your family. The one who works his or her butt off to make sure everyone's got what they need now, even as you do your best to juggle a freight train full of variables to make equally sure they'll have what they need later too.  Sound right?...