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Value Creation Blog

Your 5 Minute Retirement Planning Tutorial

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6 Mistakes People Make in Retirement Planning

Take a look at this post from Malaysia.  It's just as true for us in the US as it is there. Why don't you read the post and then let me know what you think in the comments below?

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Topics: retirement planning, business owner retirement


When Pets Are Left Behind, What Will You Do?

an-elderly-hispanic-senior-citizen-man-petting-his-dog-with-a-large-smile-on-his-face_HFceHaNRHs.jpgOne of the things we don't focus on when it comes to our aging parents is their pets. Through no fault of their own, pets often get left behind in planning when we think about what's next for our parents or what's next for their pets who they truly love after they die.

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Topics: wealth management, pets, parents


Jpatrick@stage2planning.com

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Today, we're a society that is much more mobile than at any time in human history. All of this means that getting a good deal on an airline that doesn't punish you is harder than ever.

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Topics: wealth management, travel


Everything You Wanted to Know About Social Security and Were Too Embarrassed to Ask

couple-receiving-bad-news-over-the-phone-at-home_BFItInRBi.jpgIf you're paying any attention, you've probably heard that the Social Security Trust Fund is running out of money.  In one respect this is true.  At the same time, the problem is not too big to fix today and hopefully, we'll see Congress get around to fixing it.

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Topics: retirement planning, retirement, Saving for retirement


Mindfulness Can Save Your Life.....Learn How

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Mindfulness seems to be something that's a buzzword these days.  At the same time, it's a really important concept I want you to be paying attention to.

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Topics: life changes, meditation, mindfulness


Who Else Wants To Know How Millenials Think About Money?

Talking With Our Millennial Kids About Money

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One of the recurring themes I see with my clients is how to have a conversation with their Millennial children about money and responsible behavior towards money.  I found this article by Tom Sperling you're going to want to read.

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Topics: financial planning, Children, millenials


The Upside To Quitting and Learn About Passive Income

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Why You Might Want To Quit

One of my favorite sites to visit is the Freakanomics site.  In this podcast, they talk about whether it makes sense for you to quit or not.  

This really gets to the heart of behavioral economics where you've put so much effort in you won't quit.  This is called sunk costs bias.  Learn when it's time to say enough is enough.  I bet you'll find it a really interesting episode.

This week on Freakonomics Radio: do you know this bromide? “A winner never quits, and a quitter never wins.”

To which Stephen J. Dubner says, “Are you sure?” Sometimes quitting is strategic, and sometimes it can be your best possible plan.

To find out more, check out the podcast from which this hour was drawn: “The Upside of Quitting.”

The post The Upside of Quitting appeared first on Freakonomics. via The Upside of Quitting

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Topics: operational irrelevance, investing, passive income


Why I Don't Use Actively Managed Mutual Funds

Today's video is going to cover why I don't like actively managed mutual funds and you shouldn't either.  After you watch this video, why don't you let me know what you think in the comments section below?

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Topics: Investments, investment management video


Habits Are Hard To Change

Habits Are Hard To Change.jpgI bet you’ve had a time in your life where you wish that you did things in a different way.  You tried to make a change, but you found that you just couldn’t.  There was this annoying thing that got in your way.  That annoying thing……..it’s called a habit.

Too often you just give up when you figure it’s a habit getting in the way.  Instead why don’t you try some of the following to see if you can change what you do.

My fight with quitting cigarette smoking.

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Topics: life changes, transitions, changin habits


One Of The Most Ridiculous Articles I've Seen In A While

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One of the more ridiculous articles I've read in a long time comes from wealth mangemgent.com.  It talks about the reason that its time for us to consider active management of mutual funds again.

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Topics: investment management, investing, asset allocation