Posts Tagged ‘Financial stability’

Wondering if your current financial advisor is worth their salt?  During your thirties, here are an example of questions that a good financial advisor should ask you to think about   It’s a good indicator on whether or not your advisor is an advocate for you or not.

• Are you buying a second home and selling your first home?
• What is your marital status now?
• What can you do about saving for your children’s college education
• Have you done any estate planning for guardianship of children, etc.?
• What kind of financial karma are you throwing around?
• Do you live a life of financial lack or abundance?

Be honest with yourself and your advisor to make sure you are moving towards or maintaining a life you love!

Stretched to the max every month and wondering how to come up with the cash to save?  Here’s a tip on getting started.

Save that raise, or at least part of it.  Whenever your employer ups your paycheck, no matter how meager the raise, take at least half that extra amount and use it to fund your long-term, mid-term, and long-term “buckets”.  Think of it this way: Even if you only get a 2% raise, if you save half of it for five years in a row, you’ve just increased your savings level by 5%.

Everyone’s emotions tie into their financial decisions in some way.  When the market swings, how do you feel?  Scared, nervous or sad?  Or do you see it as an opportunity to evaluate whether or not your current financial situation is working for you? 

It’s easy to get caught up in that feeling of unrest, but keep in mind that just because the market swings, doesn’t mean that your decisions have to.  It’s helpful to consult with a CFP® if possible to position yourself to be one of the lucky ones that can ride out these market swings relatively unscathed.