Resources for Financial Planning Clients

“Time is one of the biggest elements to your advantage.  Possibly as early as the first birthday, when parents and grandparents are buying toys, look at starting a college savings plan-and make it a family event.  The earlier you start off, the better you are going to be.”

“Once you’re working, establish a comfortable rainy-day fund.  First-generation successes often need six to nine months’ worth of income in a liquid account instead of three to six months that is more typical.” 

“Investors must be aware of their emotional makeup so they know how much risk they can take.”

“It doesn’t matter whether you’re married or single; with or without children.  You will need to provide directions as to how you want your wealth distributed.”

“The Financial Planning process is exactly that- it’s a process.  You don’t have a Financial Planner one time in your life.  This becomes an organized teamwork effort.”

“It’s very sexy to talk about investments, but if you are loaded down with debt and haven’t tackled that first, you may start an investment program and have to tap into it early because you don’t have an emergency fund.”