As a high-earner or busy professional, you may not have the time or skills to manage your finances effectively. That’s where an experienced wealth manager can be critical. Many high-net-worth individuals need help with financial planning and investment planning decisions. Those that handle their own finances may need help navigating complex concepts and strategies, and…
Wealth management can be a daunting journey and takes sticking to a diligent, ever-evolving plan to achieve long-term goals. The easiest part, however, is to start! The foundation and first step to any financial plan are to create a budget that allows you to set and meet short-term goals. These short-term wins include allocating to…
The Hard Truth of Lifestyle Inflation In a recent TrueNorth Wealth Radio episode, we discussed the impact of Mindset and Habits on your financial outcomes. In our conversation, we discussed that while most people think investment returns and mathematical optimization primarily drive financial success, we’ve found that behavior, mindset, and habits have a much stronger…
In his book, Intentional Wealth: How Families Build Legacies of Stewardship and Financial Health, author Courtney Pullen takes readers through various techniques to build and preserve family wealth and legacy.
A Simple Three-Step Framework to Revamp Your Financial Plan and Achieve New Financial Goals There is a common misconception in personal finance, and it’s wreaking havoc on many people’s money. It’s the misconception that once you’ve created your financial plan, you are set—everything is on autopilot, and you just need to “stick to the plan.”…
For many entrepreneurs and business owners, their business represents a significant portion of their total net worth and retirement nest egg. That means when it comes time to sell their business, it may be one of the largest transactions of their lifetime.
Previously, we highlighted nine steps to improve your financial situation from award-winning author Morgan Housel. In Housel’s book, The Psychology of Money, he takes readers on a journey through 19 short stories that teach fundamental principles about wealth, greed, and happiness.
Are you struggling to build, or even rebuild, your credit score? If so, you’re not alone. According to FICO, about 15% of consumers have what is considered to be poor credit scores, which is below 600. Poor credit can severely affect your financial wellness and prohibit you from accessing financial opportunities and resources that can…
As we ring in the new year, there’s much to look back on. Through waves of the pandemic, adhering to different mandates and changes, and persevering through any personal struggles, we all deserve to close out 2021 with a celebration. For many companies, that means rewarding their employees with year-end bonuses. But, if you incur a sudden income of…
When many people begin investing, they aim to find just the right asset mix to “beat the market.” This means attempting to gain a higher return over time than a commonly accepted index, such as the S&P 500. This inclination is natural but impractical, and research is now showing that it’s nearly impossible over a long period of time.