Was budgeting one of the resolutions? Did you swear that in 2015, you’d begin to get a handle on spending? Folks, rich people and poor all struggle with this aspect. It is difficult for so many Americans, regardless of their relative wealth.
If this sounds like you, Check out these easy ways to save money on household expenses, broken down by room: http://aol.it/1qaW9Qs
If you’d like more one on one help, we’re here for you. Just give us a call!
This week’s theme has been about leadership, being bold, changing things up with new ideas.
Many of you know we are a Certified B Corporation. This is sometimes something I think our company deserves more credit for being. But I understand why it flies under most people’s radar. it is a bit of a complicated philosophy.
Earlier this week, I wrote about a failure in leadership. I followed that post with a few posts about people making change. Today, I share with you David Brooks’ NY Times op-ed piece on “How to Leave a Mark.”
Please, take a moment to read it. Take a moment to discover more companies that are B Corps. If you can, support them.
But is the opposite true, then? What comes down must go up? Do you wonder if rates will rise soon? Or how that even happens? Or what the outcomes might be?
This blog linked here is an interesting perspective from Forbes magazine writer Tim Worstall.
For anyone interested in the more technical side of economics, this is a good read and a very interesting proposal. The author asks “Will the Fed raise interest rates before they reverse QE? Or will they run down their balance sheet as a method of raising interest rates first?”
I’m for the prior over the latter but would love you thoughts.
Yesterday I wrote about a fundamental lack of leadership in our world. Well, I’m not just a complainer. I like to look at the issues we have and find ways to solve them.
There are examples of leadership in our world. The president of Uruguay, Jose Mujica, comes to mind. He has refused to repeat some of the many mistakes South American leaders have made over the last 50 years. He has lead his small country to stability. Simply for being brave and different.
But we need leaders on the streets and in the halls of our companies and our governments and our non-profits.
I love this talk from Simon Sinek. What, How, Why? This is the normal and basic approach. But what if we flipped that sequence. Why, how, what? This applies to life in all ways- business, parenting, serving others. If you have 20 minutes, please have a look.
Why, how, what.
Why do Sarah and I run a financial planning company? Everything we do we believe in challenging the status quo. We believe in thinking differently.
The way we challenge the status quo is practicing as fiduciaries. Is by ignoring trends and sticking to tried and true advice. By respecting our clients and their hard earned money. By actually placing a client’s interests ahead of our own, not just saying we do. Wouldn’t you like to work with a financial advisory firm like ours?
Not sure who said this but it applies very well across the globe today. “Leadership involves remembering past mistakes, an analysis of today’s achievements, and a well-grounded imagination in visualizing the problems of the future.”
Whether divisiveness in Europe, the Middle East or here at home what is needed is leadership. We seem to be very good at recalling the mistakes and trying to place blame. But our current world leaders have no skill in analysis of today nor any imagination for a better future.
You know where else we lack leadership in this world? People’s money and savings. Whether it is a poorly constructed 401(k) at work or Wall Street’s continual refusal to do what is right by the American public due to their out-sized need for egregious profits, the industry of financial advice lacks solid leadership.
The quasi-regulators at the SEC and FINRA would rather focus on making sure this blog is written in an ‘approved’ manner than catch crooks like Clay Stephens or Bernie Madoff before they destroy the finances of so many. Why are they focused on the wrong places, time and again?
Advisers in Sonoma County and all over the country continue to legally sell awful equity indexed annuities, garbage private or ‘alternative’ investments, stuff people into insurance policies they don’t need and worse. All because the regulators in power refuse to stiffen their backs to heavy industry lobbying.
Individuals far and wide continue to bank at major Wall Street corporations, continue to invest on the advice of major Wall Street corporations and continue to get fleeced by both. Why? Why do folks do things against their self-interest?
Out here, in our humble Santa Rosa outpost, we keep swinging at the windmills. We keep urging people to take responsibility with their money. To find a financial adviser who is independent of Wall Street, someone they can trust will put the client’s interests before the advisor’s.
So, I commend you reading this. Many of you are our clients. You’ve placed your trust in a firm that respects and appreciates you rather than sees you as an easy mark, a dollar sign, a chump. You are ‘shopping locally’ when you engage our firm. You are telling Wall Street you’ve had enough. You are telling your government there is a better way to regulate the securities world. Thank you!
Share this with your friends. See if they are fed up with the misdirection, the half-truths, and the obvious skullduggery of the big guys on Wall Street. Let’s go have coffee with someone you know who might be tired of all this. Let’s keep swinging at windmills and see how many we can take down!