Empowering your financial journey
Empowering your financial journey
There is a lot of coverage on Bitcoin in the news lately for breaking the $100,000 barrier. A lot of people are wondering what is Bitcoin and why is it getting so much attention. Bitcoin is a cryptocurrency, which is often referred to as a digital currency. Many people think it was the first cryptocurrency, …
If you’re like most people trying to improve your financial future, it can seem like an impossible task. Life seems to have a never ending list of obstacles, inflation has been squeezing wallets across the globe, it can bring even the strongest of wills to their knees. Many people I talk to struggle to even …
During the peak of COVID-19 in 2020, and recently in the pending dock worker strike, store shelves were bare due to panic buying. It’s a phenomenon that keeps rearing its ugly head and people keep falling victim to the same trap. I wanted to take a few minutes and shed some light on the root …
If you have been watching the news lately, you have probably heard about a looming dock worker strike. The International Longshoreman’s Association has been in labor discussions with the United States Maritime Alliance and has been able to come up with an agreement as we approach the Oct 1 negotiation deadline. It may not seem …
The Federal Reserve is expected to do its first rate decrease since COVID at its Open Market Forum next week. This can have far-reaching impacts on a number of factors. I want to give readers a simple overview of how this may affect you. Federal interest rates, set by the Federal Reserve, play a crucial …
In my last post I talked about the importance of investing in your financial wellness. This was primarily focused on allocating financial resources to your self development. The second part of investing in yourself is making time for self development. Even if you set aside the funds, it doesn’t mean anything if you don’t actually …
One common theme I see from people who are struggling financially is they do not invest enough in themselves. I have noticed that many of the people in this category don’t take deliberate steps to better their situation. More often than not people will expect that eventually their situation will change. One scenario is people …
Financial illiteracy can be incredibly costly, both in the short term and over a lifetime. According to the Financial Educator’s Council’s 2024 Report, responders indicated financial illiteracy cost them on $1,506 in 2023. As I have worked with people I’ve seen how a lack of basic financial knowledge leads individuals to make poor financial decisions …
The most often missed topic in most financial education programs is the psychology behind money. While it is important to understand the math and principles of money, behavior tends to have a larger impact on people’s success with their finances. You could devote a whole program to psychology and behavior alone. In my course I …
One problem I see with many of the people I coach who are struggling financially is that they do not monitor their spending. If you ask these people how they track their spending, the answer is typically that they keep a mental tab on where their money goes. I hope it’s obvious to you all …