One of the greatest gifts I’ve ever received was a set of golf clubs when I just 4 or 5 years old. The U.S. Kids Golf set had 5 clubs and I remember they had gold shafts because if you angled them in the sun just right, they would glow. It wasn’t so much about the clubs themselves though, it was about the time I was able to spend with my father on the golf course and the lessons I picked up playing this frustratingly beautiful game.
Our main focus as fiduciary advisors is understanding our clients' goals and providing objective advice to achieve these goals. We start with a focus on financial goals both short and long term. We often hear pay down debt, build cash savings, save for college, save for retirement, and I need estate documents. In the course of constructing a financial plan, we really get to know our clients and often uncover personal goals which will cross paths with their f
I get it. Budgeting is not the coolest or flashiest thing to talk about when it comes to financial planning. It is like the two-a-day practices you used to dread when you were playing high school sports. Or the endless scales if you are a musician. Budgeting is tedious, time-consuming, and challenges you to take a look at what you’re doing with your hard-earned money.
I find it a good practice to keep track of my monthly expenses, from variable spending such as entertainment and travel to more fixed expenses like housing and utilities. It seems more and more companies offer monthly subscriptions or 1-2 year contracts at a fixed price with the price typically increasing at the end of the contract.
I really like traveling, from little weekend trips to see friends to bigger trips that take me out to see the world. I like living a different life for a few days, eating foods I normally don’t get the chance to eat, seeing interesting things, and when traveling abroad, soaking up the culture, sights and sounds of another country. If I’m lucky, a trip will include some scuba diving, which is one of my fa