At Transformative Financial, I help my clients plan for the future and live a great life today – all without judgment. As a financial advisor based in Atlanta, GA, I also work virtually with clients across the U.S.A.
One of the biggest hurdles I run into when working with clients on their retirement planning is figuring out how much they spend each year. Sounds like something that folks would have a handle on, right? But not so much, especially with higher-earning clients.
Forget the budgeting apps, spreadsheets and credit card statements. In this episode, I walk you through the way to figure this out in 5 minutes.
Meditation is hot these days, especially in the entrepreneur and executive space. Why? How do you get into it if you're just starting? Finally, how can meditation keep you from making critical financial mistakes? Find out in this episode.
Every once in a while, the numbers are wrong. While I'm all about not doing something stupid, the whole point of blending our life planning with our financial planning is to experience life more richly. Sometimes that involves spending some money.
This episode is inspired by a meeting with a client where we agreed that not following the highest-probability scenario was absolutely the right decision. The decision was the difference between having knowledge and having wisdom.
Winter is coming. It's more than a fun Game of Thrones reference. But winter is truly coming for us in our lives, especially when it comes to our finances. How can envisioning the worst and preparing for it (counter-intuitively) bring us peace? In this episode, I talk about how the "winter is coming" attitude can actually bring us peace in times of crisis. I also go into how -- if you change your strategy in the face of adversity -- you don't really have a strategy at all.
How on earth can "letting go" help better your financial life? The same way it helps better your life in general. In this episode, I discuss how letting go is an essential and crucial part of any real investment strategy. I also discuss how the resistance to letting go manifests itself in different ways in behavioral finance and get into how not letting go cost some folks I know hundreds of thousands of dollars.
So are you clinging to something in your financial life? It may be what's holding you back.
After really crappy returns at the end of 2018, everything came roaring back in the new year. It all goes to show that having a long-term strategy can keep you from pulling the rip-cord at precisely the wrong time.
Are your beliefs and attitudes about money holding you back? How can you tell if you have limiting money beliefs? In this episode, I walk you though one way to figure out what your limiting beliefs around money are. I also talk about some common limiting money beliefs.
Money is... the root of all evil? Not really. Letting go of these limiting beliefs can take your finances to a new level.
My old friend Shaun used to say, "There are two types of people in the world: talkers and doers". That saying has stuck with me over the years since then. And there's truth to it. A lot of us talk a big game and fail to follow-through. We all are probably both talkers and doers in different parts of our lives.
In this episode, I talk about how to get over the barrier that keeps us stuck in the mode of "talker" and get moving into the mode of being a "doer".
Stop for a minute and imagine yourself as "successful"? What does that look like? Is it different than you are now? In this episode, I talk about what meaning we've assigned to success as well as the ways that success can be a way to escape our real problems and feelings.
Also in this episode: what is an "experience board"? Listen and find out.
Is there a part of your financial life that you're ashamed of? Is there a money issue that you have that you'd be embarrassed to tell? Whether it's overwhelming debt or enabling children, shame around money is way more common than you'd think.
In today's episode, I get money shame out into the light. A good clue you have some? Those inner voices that say, "I should..."
What's that big thing that you'll regret not doing in life? What would you regret not doing, not seeing? Not experiencing? Not saying to someone? Why aren't you actively pursuing that thing?
In this episode, I talk about how "deciding" what you want in life is more about cutting away everything that doesn't support what you want. I also introduce "The Ceiling Tile Test" -- my way of determining what's truly important.
For stock markets around the world, the fourth quarter ended 2018 on a sour note. At some point during the quarter, it was an opportunity for Transformative Financial clients to rebalance portfolios -- and thus "buy low" so we can "sell high" in the future.
Third Quarter 2018 has flown by. Despite all the headlines, stocks are up over the last 12 months and U.S. stocks in particular were up sharply this quarter. While I know the headlines can be distracting, a disciplined investment process almost always wins out over time.
Second Quarter 2018 has come and gone with a little bit of choppiness in the markets. Some parts did better than others: U.S. and Emerging Markets stocks both reversed their movements from last quarter, with U.S. stocks bouncing back and Emerging Markets seeing some depreciation. This is a textbook case for why we invest in all parts of the stock market.
As of last week, Toys “R” Us is officially closed. Could one of your investments be next? Listen to my thoughts on Toys “R” Us and GE in this week’s video. AND AS A BONUS - I share my funniest moments that happened when I worked at Toys “R” Us during winter break in college!
How is investing like the U.S. Open? Our national golf championship is a great metaphor for long-term investing. It's not about birdies or eagles. It's about avoiding big mistakes. The best way to make money is to not lose big chunks of it! Having a financial "caddie" on your side can help you tremendously.
What is the earliest age you should retire? Obviously, the earlier you retire, the longer your investments will have to support your living expenses. Is there an ideal age to retire early? In this video, I share my thoughts on this topic.
In this video, I discuss one of the biggest risks that most clients face: not actually living the lives that they want. While, for good reason, the focus on financial planning is on saving for the future, failing to live in the present is a risk too. What's the point of saving if you're not living the life you want?
Are your investment mistakes holding you back? Do you feel like you should be better off than you are? Often people will dwell on the mistakes they've made, which keeps them from moving forward financially.
In this video, I go over the many ways that you pay fees in your investment accounts. It's not always clear how much you pay and the big Wall Street firms have made a science out of hiding fees over the years.
In this video, I discuss how brokers and annuity salesmen sued to be exempt from the DoL's Fiduciary Rule - and won - by claiming they weren't really advisors at all. They claimed that they were merely salespeople and did not have a relationship of trust and confidence with their clients.