Regardless of how much money you earn, cash flow is the foundation upon which most of financial planning is built. Understanding what’s coming in and going out can help you determine what is available to fund various goals, including debt pay-down, college funding and retirement planning. That’s why nearly every CERTIFIED FINANCIAL PLANNER™ professional (CFP) will start a client relationship asking about how much money you spend today. If you don’t know, she may encourage you to create or adhere to some type of tracking system. Cash flow is probably the least sexy part of planning. In many ways, it’s like dieting and exercising because it relies on self-control and discipline. The best personal trainer can create an effective work out regime, customized to your body type, but she can’t force you to do the squats and dead lifts. Similarly, a nutritionist can design a diet plan that will help you manage your weight, but only if you stick to it.

BlogMark TalercioAugust 9, 2017cash flow, CFP, CFP Professional, Pavlok, Spending

Better Off BONUS call 025 - Asset Allocation

Mark TalercioAugust 8, 2017401k, 529, 529plan, allocate, allocation, Betterment, betteroff, Boss, Career, Career Advice, careeradvice, cash, CFP, Credit, creditcard, creditscore, debt, diversification, diversify, economist, Economy, FAFSA, Fiduciary, fiduciarystandard, finance, financial aid, FinancialAid, financialliteracy, funds, gig, Housing, housingmarket, hustle, Insurance, interest, interestrates, investing, IRA, Jill, JillSchlesinger, Jocko, kids, literacy, Los Angeles, LosAngeles, Money, mortgage, network, networking, personalfinance, podcast, real estate, realestate, Refinance, retire, Retirement, Roll over, Rollover, roth, Saving, savings, Schlesinger, Stocks, Student loans, studentloans, summer, wallst, wallstreet

CFP® Pro Tip of the Week - August 4, 2017

Mark TalercioAugust 4, 2017

Ep. 031 - Hot Housing: How to Buy and Sell

Mark TalercioAugust 3, 2017401k, 529, 529plan, Betterment, betteroff, Boss, Career, Career Advice, careeradvice, cash, CBS, CBS News, CBSNews, CFP, counseling, Credit, creditcard, creditscore, cybersecurity, debt, economist, Economy, FAFSA, Fiduciary, fiduciarystandard, finance, financial aid, FinancialAid, financialliteracy, Fraud, funds, Gasque, hack, hacker, hacking, identitytheft, IDTheft, Insurance, interest, interestrates, investing, iPhone, IRA, Jill, JillSchlesinger, Jocko, kids, landlord, lifeinsurance, literacy, loss, Money, mortgage, NAR, network, networking, personalfinance, podcast, popculture, real estate, realestate, realtor, realtors, Refinance, rental, rentalproperty, retire, Retirement, roth, Saving, savings, Schlesinger, Stocks, Student loans, studentloans, technology, term, termlife, Wall St, wall street, wallst, wallstreet

Can Money Buy Happiness?

“Money can’t buy happiness, but it can make your misery a little more comfortable,” or so my father once said. I have also come to believe that while money can’t buy happiness, it can buy you options. For example, with enough in savings, you may be able to make a different career decision, or you may have peace of mind that allows you to feel free from an employer’s whim or an industry’s downsizing and of course, money may allow you to retire early. But what about that jolt of glee that you feel, when you sit in a brand new car or slip on that sparkling piece of jewelry? Psychologists and behavioral economists have conducted studies, which have shown that despite a shot in the arm that a purchase or even a gift can provide, the happiness boost does not last that long. There is actually a name for this: The Hedonic Treadmill.

Better Off BONUS call 024 - Asset Allocation

Mark TalercioAugust 1, 2017401k, 529, 529plan, Betterment, betteroff, Boss, Career, Career Advice, careeradvice, cash, CFP, Credit, creditcard, creditscore, debt, economist, Economy, FAFSA, Fiduciary, fiduciarystandard, finance, financial aid, FinancialAid, financialliteracy, funds, gig, Housing, housingmarket, hustle, Insurance, interest, interestrates, investing, IRA, Jill, JillSchlesinger, Jocko, kids, literacy, Los Angeles, LosAngeles, Money, mortgage, network, networking, personalfinance, podcast, real estate, realestate, Refinance, retire, Retirement, Roll over, Rollover, roth, Saving, savings, Schlesinger, Stocks, Student loans, studentloans, summer, wallst, wallstreet

4 Ways to Manage Investor Risk Amid Low Volatility

If you’ve been thinking that stock markets have been pretty quiet in 2017, you are right--it's been more like the merry-go-round and less like a rollercoaster. Through the first seven months of the year, none of three major stock market indexes has fallen by more than 5 percent. And one gauge of market movement, the CBOE Volatility Index (VIX), which measures investors’ expectation of the ups and downs of the S&P 500 Index over the next month, recently dropped to its lowest level in 24 years. Low VIX readings have tended to be equated with muted anxiety and high stock prices. Amid this environment, you might be wondering what could go wrong? There are always risks that persist and while their existence does not mean that long-term investors should change their game plans, they are a reminder to guard against complacency and to always approach investing with caution.

BlogMark TalercioJuly 31, 2017CBOE Volatility Index, investor, Market Volatility, Markets, Risk, VIX, volatility

CFP® Pro Tip of the Week - July 28, 2017

Mark TalercioJuly 28, 2017

Reverse Mortgage Pros and Cons

As house prices have increased, many older Americans may be tempted to tap the equity in their homes with a reverse mortgage, which is a loan that allows homeowners 62 and older to convert a portion of the equity in their homes into cash, as long as the home remains their primary residence. Most reverse mortgages are offered through the Department of Housing and Urban Development and are guaranteed by the Federal Housing Administration (FHA) through a program called Home Equity Conversion Mortgages (HECM).

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