Family business owners face challenges that make most people cringe. The mixture of family and business creates the need for a special kind of balancing act. Can you imagine having to make a high stakes business decision, and then turn around and have a family holiday party? This is only the start of how difficult it is to be part of a family-owned business.
Two short years ago, Lyndale Financial was born—November 21, 2016 to be exact. If I didn’t say these were the two best years of my life, I would be lying. I’ve had the opportunity to work with the most amazing clients, connect with talented professionals in other fields, and provide a service to my community.
Buying an engagement ring was the most nerve wracking transaction of my life. This wasn’t like purchasing my first home or buying a new set of golf clubs. I was going to ask my girlfriend to marry me.
It’s open enrollment season again for those self-employed or early retirees that receive their health insurance through the Affordable Care Act Marketplace - healthcare.gov. The deadline to enroll for coverage is December 15th, 2018, if you want your coverage to start on January 1st, 2019.
There comes a point in time when you realize the strategy that got you here won’t be the strategy going forward. High earners aren’t living paycheck to paycheck in the same way that a lower income earner is. This isn’t to say that high earners don’t need to watch their spending, as they are just as likely to fail at saving an adequate amount for retirement as their peers.
One of my favorite personal finance blogs is HumbleDollar.com. The founder and editor of the site, Jonathan Clements, is the author of multiple books and was the personal finance columnist for the Wall Street Journal for almost 20 years. Not only is his latest endeavor, HumbleDollar, a well-written site - it is also full of valuable information.
A few weeks back, I had the privilege of being a guest on the Money Savage Podcast, hosted by George Grombacher. Like myself, George has been in the financial advice industry his entire career and is now the President of Money Alignment Academy. His experience really shows as he asks great questions and makes valid points during our discussion.
Take a moment to think of how much your life has changed over the past 10 years. For me, I was studying Finance at Iowa State University while a member of the Men’s Golf Team.
No one ever said you need to be the master of all trades. As humans, we are naturally inclined to lean on the support of others, regardless of how independent we feel we can operate. Asking for and needing help are nothing to be ashamed of.
If you’ve ever asked someone for career advice, you were probably told to “follow your passion”. On paper, this is great advice. Who wouldn’t want to do what they are passionate about every day?