Category Archives: Financial Planning

Are you on Track?

Tweet I recently posted an article regarding the importance of correctly measuring your financial growth by using net worth as the measuring stick.  The purpose of the article was to outline the difference in investment growth and net worth growth.  You can revisit the article by clicking here. Now that we know how to measure growth and the importance of understanding net … Continue reading

Posted in Cash Flow & Debt, Estate planning, Fee-Only Financial Planning, Financial Planning, Investments, Retirement, Savings, Taxes | Tagged | 3 Comments

Knowing “No” and “Yes”

Tweet I always enjoy the relaxed pace of summertime.  This summer was especially great in terms of my time spent reading.  I have really enjoyed some of the stuff I have read over the last couple months, which included everything from finance information to spiritual reading to more time just enjoying the Wall Street Journal. I am better off for spending this … Continue reading

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Tennessee Sales Tax Holiday 2012

Tweet It’s that time of year again. It’s back to school time, which means it is time to buy school supplies.  Thankfully, our fine State of TN has a sales tax holiday to help us all save a few bucks. This year’s Sales Tax Holiday begins Friday, Aug 3rd at 12:01am and ends at 11:59 on Sunday, Aug 5th. For those of … Continue reading

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They are Back

Tweet Have you wondered where your social security statements have gone?  A few years ago the Social Security Administration (SSA) stopped sending yearly statements out to most folks. Recently, SSA introduced a new tool on its website to view your social security statements. As a fee-only financial advisor I often discuss Social Security benefits with clients. It’s important to understand your statement … Continue reading

Posted in Fee-Only Financial Planning, Financial Planning, Insurance, Retirement | Tagged | 2 Comments

How to Measure Growth

Tweet What rate of return did your portfolio generate in 2011? As an advisor, I often get asked the question about investment returns.  But, as a fee-only advisor, I feel this question is misguided.  While investment returns are an important aspect of our overall financial health, they are simply a piece of the puzzle.  As a matter of fact, I don’t even … Continue reading

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Behavioral Finance 101

Tweet Behavioral finance sounds like a laborious upper level college course required for financial geeks, like myself. But, behavioral finance (at least my definition) is actually one of the top driving forces behind the successes or failures in our personal financial lives. Investopedia’s definition of behavioral finance: a field of finance that proposes psychology-based theories to explain stock market anomalies. My definition … Continue reading

Posted in Cash Flow & Debt, Fee-Only Financial Planning, Financial Planning, Insurance, Investments, Taxes | Tagged | 4 Comments

The Best Version of You, Financially

Tweet I love taking time to read in the summer as the pace of life seems to slow a bit. I recently stumbled across the following excerpt from Matthew Kelly’s book, The Rhythm of Life: “Pablo Picasso was walking down the street in Paris one day when a woman recognized him and approached him. After introducing herself and praising his work, she … Continue reading

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The Zero Percentage Trap

Tweet I was recently asked whether or not a 0% auto loan was a deal worth pursuing. My answer was short and sweet: usually not…..at least usually not for most people. The explanation requires a bit more clarification. From a logical standpoint, a 0% loan sounds like a homerun, right? I would certainly jump for a 0% mortgage….wouldn’t you? But, the 0% … Continue reading

Posted in Cash Flow & Debt, Fee-Only Financial Planning, Financial Planning, Savings | Tagged , , | 3 Comments

TN Use Tax

Tweet I have been asked by quite a few of you about the TN Sales and Use Tax. Many of you have received an email from Amazon (or Amazon affiliates) regarding online purchases and the TN use tax due. There has been recent legislation regarding out of state purchases here in TN. Matter of fact, new legislation was signed into law March … Continue reading

Posted in Fee-Only Financial Planning, Financial Planning, Taxes | 4 Comments

Masterful Thoughts

Tweet Nothing epitomizes spring more than the iconic tradition known as The Masters. Held in the quaint, southern town of Augusta, Georgia, The Masters symbolizes everything southern….hospitality second to none, a measured pace of life, and most of all: breathe taking beauty! On April 8, 2012, at 8:10am, my wife and I entered gate 6 of Augusta National. Easter Sunday at the … Continue reading

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Posted in Cash Flow & Debt, Fee-Only Financial Planning, Financial Planning | Comments Off on Masterful Thoughts