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.
If you like what you read or are interested in the advisors below, be sure to click on their name to learn about them and their niches, or their firm name to visit the company website!
Catch up on some of the latest posts with this week's roundup:
Millennials & Moneyby Reshell Smith, AMES Financial Solutions
Millennials are the largest generation in the U.S. labor force. They are making a significant contribution to our economy. According to experts, millennials are:
- heavy on social media
- making large purchases online
- purchasing name brand items
- traveling more than previous generations
Investing for Millennials
Investing for the first time can stir up myriad of emotions. First time investors often feel overwhelmed, anxious, and confused. If this is you, you’re more than likely experiencing at least one of two things. Either you don’t have the know-how to get started, or you don’t believe you have the means to begin investing. Worry not. This article is for you, as well as anyone else wanting a high-level introduction to the world of opportunity that investing opens.
The Value of Now
For most, investing is the critical way to build wealth, reach financial goals, and enable generosity. What may feel like major financial sacrifices now will be dwarfed by big yields over time. Core to the power of investing is the concept of compounding interest. As you invest, you gain a return if the value of your investment increases. This means that your investment is now worth more than it was when you initially invested it.
The Five Things You Can Do With Your Money (And What The Wealthy Do)
Every day, you wake up and are faced with choices. The decisions you make for each of these choices have an impact on your life. They dictate where you will go in the future, the person you will be, and the type of lifestyle you’ll be living.
One of the more difficult questions you are faced with is, “What should I do with my money?” Every time you look at your phone, turn on the TV, or read an article, there seems to be an overwhelming number of options to choose from. “Buy this, buy that, put your money here, do this NEXT BIG THING!” And on and on and on…
Our Attention Span and Money
The average attention span and short-term memory recall has declined over the last ten years. Some say it’s due to our ability to look up anything we need so our brains no longer find it a vital function.
Either way, I have strong memories of 9-11 and the 2008 crash. I can remember exactly where I was, what the room looked like, who was around me, etc. Why do I remember the bad instances so much more?