Morgan Housel is my favorite financial voice of reason. Patience is half the battle with investing.

Convenient options that lead to action > complexity that overwhelms and leads to inaction

Buying expensive things in an attempt to impress others

0.40% is the rate that Schwab's "bank sweep" feature is paying for any cash sitting in clients brokerage accounts. If you're holding high cash in a Schwab brokerage account, consider utilizing money-market funds, short term CD's, short term T-Bills, etc.

I’ve never met an unhappy generous person. The most generous people I know are often the happiest people as well. Don’t miss opportunities to be generous with your time, talents, and money. Not only does your generosity help others, it will also bring joy to you.

Prospective clients often have anxiety about meeting with a financial advisor. Exposing intimate details of your financial life isn’t easy. Remember that next time you meet with a prospective client. Be extra empathetic and make sure you create a safe space for them to open up

One of the hardest financial skills to master is getting the goalpost to stop moving forward. As we achieve great things, we often desire to climb even higher and achieve even more. You will never find fulfillment if you are always desiring more and more and more.

Dear Concerned Advisors, AI is not going to replace you if you are doing real financial planning. Technology cannot replace the deep relationships that exist between you and your clients. Remember - you are a guide in an everchanging landscape. Technology isn't capable of

Giving advice to clients without allowing them to fully explain their situation is a crucial mistake. Actively listen, ask good questions, and show clients that you truly understand them. When someone feels fully diagnosed, they’re more likely to implement the advice.

People often overestimate what they can accomplish in a day and underestimate what they can accomplish in a year. Don’t get discouraged if you don’t see results immediately. Good things take time.

A great post on why there is more to equity investing than just focusing on dividends!

Renting can be a great option. Buying can be a great option. They both come with a list of pros and cons. It's important to evaluate which option might be better suited for your current situation.

If the only tool you have is a hammer, it is tempting to treat everything as if it were a nail. Unfortunately, there are plenty of "financial planners" out there that are simply selling products. Be careful when working with financial professionals!

As financial planners, there is plenty of valuable advice that we can give to clients. However, advice is only valuable if it is followed by implementation. Helping simplify the options and giving actionable steps is of upmost importance when giving advice.

Not so fun fact about Health Savings Accounts (HSA’s): If you pass away and leave your HSA to a non-spouse beneficiary, the HSA funds will be distributed to the non-spouse beneficiary and they will have to pay taxes on the balance in that same year.

A lot of retirees have anxiety about spending money. One of my favorite parts about being a financial planner is the opportunity to give people confidence to spend money on things they are passionate about. Spending money is essential to living a meaningful life.

Morgan Housel says, “There are many things never worth risking, no matter the potential gain.” What are some practical examples of this?

Younger individuals should focus on increasing their income & savings rate and spend less time worrying about the rate of return on their long-term investments. If you’ve built a diversified portfolio, don’t waste your time worrying about short-term fluctuations.

Intra-family loans can be an extremely useful tool for wealthy families. If done properly, they help preserve family wealth and are beneficial for many reasons: 1. Lower interest rates 2. Flexible terms 3. No gift/estate tax implications 4. No credit check required