Thanks to an anonymous alert reader for this update on potentially higher umbrella policy premiums. Our intrepid investigator passed along this information from her agent. “State Farm told me it’s because Colorado law has increased the cap to $1.5 million on non-economic damages for lawsuits starting January 2025 (up from the approximately $600K previous cap)…
I recently did an experiment with AI to see if my website describes my ideal client accurately. It’s important as a business owner to know if I’m reaching the potential clients that are the best fit for the firm’s offering. Here is what I got, and what I thought of each interpretation. Perplexity AI says…
When I have a captive audience of young adults, I like to ask them what concerns them about their personal financial situation. The number one answer (consider this unscientific anec-data) is how to afford a first time home purchase. First, the problem (hint, it’s NOT avocado toast) High home prices and elevated interest rates Incomes…
Thanks to alert reader and all around supportive husband Sean Sullivan for showing me this graphic from Visual Capitalist illustrating how much income it takes to live comfortably in each state. This is helpful in my business, because often clients talk about relocating to a less expensive place to live. But what does…
Last week we talked about how a financial advisor can help families calculate the effects of a breadwinner stopping work for a while. But, what we can’t do is find you that dream, high-paying, low stress job after a career break. Luckily, the internet can help! Here are 5 tips for before and during the…
Do you fantasize about someone paying your bills and keeping you organized with your money and budget? Are you exhausted trying to assist an aging parent with keeping up on their finances? Are you one of many adults who struggle with money due to a neurological processing difference? Good news! Hiring out the chore of…
When a question comes up repeatedly, that means it’s time for a blog about it. Lately I have heard tons of frustration from clients who are trying to buy a house, but the inventory is so low and pitiful and expensive that they are stepping away from the hunt. Sometimes for a short mental health…
If you are a regular reader of this newsletter, you may have wondered how I publish these high quality e-mails on a consistent basis. The answer: I don’t! As any small business owner will tell you, outsourcing is the key to getting all the stuff done without pulling your hair out. So, while I DO…
We’ve revisited some financial rules of thumb this month. Here are a few more bits of (maybe obvious) advice to achieve financial security. Simple portfolios work just fine. Investments don’t have to be complex or expensive to be good. A diversified portfolio can be achieved with 5 mutual funds or even one target date…
Welcome back to the Back to School for Money series. Today, we will talk about one of the largest expenses for most people, housing. If you are trying to decide how much rent or mortgage payment you can afford, the general rule of thumb is to spend no more than 30% of your net…
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