As you might expect, I often get questions from clients, friends and acquaintances regarding finances. When 2 or 3 people ask, there are probably more as well, so here are two recent questions: 1) What does it mean to max out my retirement savings? 2) Should I pay off my mortgage early?
I have a cousin who was born when I was a freshman in college and we’ve grown rather close in recent years – mainly thanks to him – so when he called around the first of the year to tell me he had quit his high-paying job I was tempted to yell, “Are you crazy?!” I care for him a great deal, you see, so my financial planner brain started to mentally calculate the future value of his lost salary over the next few months. I didn’t react that way, fortunately, and I slowly started to see his wisdom as he explained his motivation. It wasn’t that he hated his job – he was a well-compensated regional manager for Target – but that he yearned to see the impact of his hard work more directly. As it turns out, his professional journey is actually becoming more common.
Enjoy this month’s edition that features a significant birthday, a significant milestone and a market update.
Enjoy this month’s edition that features a significant birthday, a significant milestone and a market update.
It’s Moneywatch’s 40th Birthday!
Born in Lexington, Kentucky in 1980, Moneywatch was one of the very first independent, fee-only financial advising firms in the country. Now, at age 40, we manage about $180 Million in assets owned by our 343 clients. Here is our story:
I’ve been asked a couple of times recently about Bitcoin as an investment, particularly as a hedge against the stock market. Here, then, is a primer on cryptocurrency in general and an opinion regarding adding it to your portfolio.
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