LifeManaged Blog
Managing Cash Flow for Small Business Owners
As our government continues to address the implications of the novel coronavirus, we at LifeManaged, share the same uneasy feeling as other business owners about the coming months. Confusion, uncertainty, stress, and fear of the unknown is making it difficult to...
What would you pay to protect your financial future?
Benjamin Franklin once said that if you are failing to plan, you are planning to fail. This makes sense in all aspects of life. Would you start a business without a plan? Would you build a house without a plan? Would you host wedding without a plan? If you...
What will the stock market do in 2020?
Although Wall Street is full of analysts making predictions year after year on the S&P500 target, for MOST investors, it just doesn’t matter. If we examine some of the major institutions who forecasted for 2019 below, we will find that even the most renowned...
Who do you receive Financial Advice from?
My friend Joe, an ER doc in Colorado asked me how he should save for his daughter’s college education. The answer was simple, I told him to enroll in a 529 Plan directly through the State of Colorado. When you put money into a 529, you protect your money...
How much do I need when I retire?
Experts say you will need 80% of your pre-retirement income after you retire. I have never understood this philosophy. Why would I want to retire and then live on less money than I did my entire life? This begs the question people always ask me – “How much money do...
When do I need a Financial Advisor?
Yesterday! If you do not have a Financial Advisor, you need one immediately. Often people believe they need to “sort things out” before hiring a Financial Advisor. If you find yourself asking, when do I need a Financial Advisor, you are already...
The Millionaire Next Door – The Millennial Wake Up Call
Did you know that almost half of American Millionaires do not live in upscale neighborhoods? It is not a secret that many people who live in expensive homes and drive luxury cars do not actually have much wealth – yet many people still succumb to the infamous...
Does your car add more life fulfillment?
What does a car mean to you? What do you use it for? Is it purely transportation? Is it ego boost? Do you buy based on safety ratings and comfort for your big family? How much life fulfillment do you get by getting into your fancy car? Do you lease? How much research...
Investing and Weight Loss Parallels
If you are like me, you’ve been on numerous diets. South Beach, Keto, Atkins, the “do it all in moderation and workout diet”, etc. Always searching for that “quick fix” to drop weight the easy way. The reality is like everything in life, there is no...
Empirical Evidence of Stocks
What stops you from owning a 100% stock portfolio all your life? EMOTION and BEHAVIOR. Yes, I understand that as you get closer to “retirement” that you could have volatility and your portfolio can go down, temporarily. Drawdowns do matter. Taking...
