Good Financial Reads: Difference Between Passion and Purpose, Maximizing Employment Benefits, and More

Good Financial Reads 11.20.2015

Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.

Catch up on some of the latest posts with this week's roundup:

 

The Very Important Difference Between Passion and Purpose

by Pamela Capalad, Brunch and Budget

We wrapped up our incredible October Entrepreneur Month with a recap show this last Sunday that included a bonus interview with Neelam Brar, CEO and founder of District Cowork.

One of the biggest takeaways we had from speaking to all these entrepreneurs is that it’s not just about doing what you love or following your passion. It’s about finding a purpose, having a mission, and serving a need.

This has been something I’ve been slowly figuring out how to articulate myself. Let’s be clear. I love what I do. I am extremely passionate about financial literacy and financial planning. But I don’t do financial planning because it makes me happy. I do financial planning because I feel compelled to answer a need.

[Read the Full Article]

 

Are You Maximizing Your Employee Benefits?

by Scott Frank, Stone Steps Financial

While more and more Americans dream of building and running their own business, working for someone else can actually have its perks, including retirement plans, life insurance and other benefits. With open enrollment underway for many corporations across the country, now is a great time to review your employee benefits to make sure you are using them to their fullest potential.

This week we will discuss the most common employee benefits. In our next post, we will discuss other benefits that may be available to you that could prove to be hidden gems. There is no better way to start the holiday season, than opting into benefits that you simply don’t know about. It’s like finding a $20 bill in your winter coat pocket!

[Read the Full Article]

 

Don’t Get Burned by a Bad Advisor

by Patrick Quinn, Hat Tip Wealth Management

“You can’t trust anyone anymore.” I’ve heard versions of that phrase numerous times in the past few days as the painful details emerge regarding the Fox Lake, Illinois police officer who went from G.I. Joe to G.I. Joke. Why is that? After all, while it made national news, it only affected one small town 50 miles north of Chicago, and the amount of money that was reportedly stolen was chump change compare with other examples of financial crimes like the Bernie Madoff case. The reason this news hit the general public so hard is the feeling of betrayal – an emotion so raw that each of us dreads experiencing it, or even hearing about it in others’ lives.

The aftershocks of a violation of trust are powerful and far-reaching. I was working in banking at the time of the Madoff scandal, and I remember a local community bank president telling me he was worried about the impact the news could have on his customers’ confidence in the bank system and, indirectly, his bank. The Madoff case was related to stock investments, and yet a local community bank leader was worried about losing client investments – even with the security of FDIC insurance!

[Read the Full Article]

 

8 Types of Insurance You (Probably) Don’t Need

by Tyler Gray, SageOak Financial

Have you ever seen someone use an umbrella indoors?

I know I haven’t. The mere thought of it is a little silly, to say the least.

Why?

It’s because the odds of you getting wet indoors is usually VERY, VERY low and, even if it did happen, it wouldn’t be the end of the world by any means.

Unfortunately, this is how many people use certain types of insurance coverage.

[Read the Full Article]

Five Easy Ways To Save Money Without Changing Your Lifestyle Five Easy Ways To Save Money Without Changing Your Lifestyle
How to Use the Stock Market as a Tool How to Use the Stock Market as a Tool
Trick Yourself to Save Money Trick Yourself to Save Money
The Price of Liquidity The Price of Liquidity
Good Financial Reads: Spending Strategies Good Financial Reads: Spending Strategies

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