Financial Jargon

As we continue with our Financial Behavior Series, Ryan and David jump right into why it's so important to recognize how our egos can get in the way of us achieving our financial goals.

And, how it's uber important to drop the act when talking to your significant other or your financial advisor.

It's no secret that kids cost money.

But how much do they really set you back?

For the average American parent, raising a child comes with a price tag of at least $12,980 every year. By the age of 17, that’s well over $230,000—and that’s before college costs come into play. High-earning families spent even more—over $370,000 according to the research.

Of course, child-rearing costs vary from family to family, and it’s far more expensive to raise kids in some high-cost-of-living states, like Oregon and New York.

Plus, kids don’t magically stop costing you money once they turn 18. College, rent, insurance, and helping out adult children can all add up.

One of the biggest stressors in life is money. Which why Notorious B.I.G.'s song, "Mo' Money, Mo' Problems" was considered an instant classic. Throw in COVID-19, stop the economy, and with the stock market take a nosedive, there's no wonder financial anxiety is on the rise. What effect will our angst have on the economy? Will we be excited to open up our pocketbooks once we're able to go spend, or will we be cautious and potentially delay a recovery?

Should fear drive your investment making decisions?

In this episode of Financial Jargon, Ryan and David discuss how financial sales people have bombarded the marketplace with fear-based advertisements.

It's critical to actually have a relationship with your advisor. One that is built on mutual trust.

We break down what's included in the COVID-19 Stimulus Bill. From the small business owner, the average Joe and the airline industry, the historic Stimulus package aims to save America.

Bear markets are so annoying, right? But, they're so cute...or so you're spouse thinks.

Take a listen. Sometimes it makes sense to "play dead", but sometimes not. It depends on your specific goals. Don't let fear control your actions. Take a listen to how you can to get through a Bear Market with less fear.

HSAs were established as part of the Medicare Prescription Drug, Improvement, and Modernization Act, which included the enactment of Internal Revenue Code section 223, signed into law by President George W. Bush on December 8, 2003.

So, they're not new...they've been around for decades now. But, they're not Flexible Savings Accounts (FSA's) and the can provide additional advantages for you now AND in retirement.

What if we also told you they provide a Triple Tax Savings opportunity?

If not familiar...tax a listen. It'd be worth your time.

Benjamin Graham, the father of value investing, once said: "Successful Investing is about managing risk not avoiding it."

Risk surrounds us, and our money. Unfortunately, it's impossible to hide from. But, If we begin to understand the risks that we face, we can take small steps to become better at not becoming a risk ourselves to our money.

In this episode of Financial Jargon, we break down the risks we face as investors and provide insight into a tool that can help you manage the risk you're taking with your money.

In this episode, we share the critical areas of a successful retirement plan.