What is financial advice worth? Is working with a financial advisor worth the cost? Let’s discuss the value of financial advice with updated research data from 2019. Previous Research on the Value of Financial Advice Vanguard performed a study several years ago which showed that someone working with a financial advisor benefited by about 3% […]
entrepreneur, Fee-Only Financial Planning, Finance
Taxes for the Self-Employed can be Steep! In addition to regular income tax rates business owners are responsible for an additional “self-employment” tax. Consider that if you are married and earn $200k in 2018, your income puts you in the 24% federal tax bracket. Add self-employment taxes and you’re looking at almost 40% of your […]
Fee-Only Financial Planning, Finance, small business
Why does a diversified portfolio commonly have a mix of different asset class exposure? Great question! Let’s explore that question and also look at 8 key investing indexes, that track popular asset classes, to see how they’ve performed recently. But first… What Is An Asset Class? Investopedia defines an asset class as “a group of […]
Fee-Only Financial Planning, Finance, InvestingI love entrepreneurship. It isn’t for everyone, and yes it is risky (though there are some things you can do to minimize startup risk), but there are also a lot of benefits to running your own business. Maybe you realize that a large percentage of American millionaires are small business owners and you want to […]
budgeting, Business, entrepreneur, Finance, Founder, savings, small business, Start-up, ventureYou don’t want to give away any more equity than needed when starting and growing your new business. In fact, wouldn’t you love to avoid giving away any equity at all? If you own 100% of the business you not only get to enjoy all of the financial benefits, but you also get to retain […]
bootstrapping, cashflow, Finance, founders, fund-raising, Funding, lending, loans, startups, venture