At times it seems like the financial world is detached from reality.
But whether we like it or not, money dictates our entire life.
Fine Answers aims to bridge that gap by discussing money tips
and tricks, best practices for success and the psychology behind it all.
The answers won’t be great…but they’ll be fine.
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“When you have a financial plan, you can look at how much money you have and what you actually want. Own the things that might give you some value, either financially or things that make you feel good. And the rest of it, maybe you share! You can choose to focus on experiences, but unless you have a financial plan and are looking at how all these decisions fit in, it’s all hypothetical.”
“Go talk to a financial advisor. A lot of people see financial advisors as the people behind the portfolios and building financial plans, but in a lot of ways, we are like therapists. Being able to have an independent third party to help you through your shared financial plan is a big help to some people.” (more…)
Listen Now“The progression of technology is going to drastically change the economy. It’s going to drastically change the stock market and drastically change our lives in general. We think it’s very important to have these changes on your radar. Start thinking about how you’ll adapt your financial plan accordingly.”
Listen Now“Do tax planning otherwise you’re going to get a giant bill at the end of the year that you aren’t expecting. Definitely talk to your CPA or your financial advisor and get a plan in place. You can either set aside some money, or potentially pay estimates, so there’s no surprises with your RSUs.”
(more…) Listen Now“One of the levels of financial freedom is the point where whether you get paid or not, you’re going to work entirely because you want to, and not because you have to. That is basically financial freedom or retirement, so to speak. As we redefine what retirement is on a global level, people might actually enjoy continuing to work if they can reframe it as, ‘this is a part of my retirement.’” (more…)
Listen Now“We think the involvement of the child is pretty important when teaching them about finances. This allows them to start to understand the value behind what their parents are giving them and how the whole system works.” (more…)
Listen Now“We’ve got to remember that although trends change and the epicenter of where the most people are in the world keeps shifting, that doesn’t necessarily affect what we do from a financial standpoint for our clients.”
Listen Now“Progress happens too slowly to notice and setbacks happen too quickly to ignore. As soon as something happens and stocks go down dramatically, everybody’s ready to panic. That’s where the psychology of money comes in. In that situation, everybody’s looking to get out because everybody’s aware that the market is going down. They don’t really pay attention to the fact that it gradually grows overall.” (more…)
Listen Now“Taxes aren’t just a thing that you let happen and figure out afterward. It really should be a planning game where you try to get all the pieces in place. When you do file your tax return, it’s just reconciling the plan that you laid out. If you do it correctly, there shouldn’t be any surprises at the end of the year. You should know exactly what you’re getting back or what you may owe where it’s a zero sum game.” (more…)
Listen Now“What we have to remember is that investing has a price, but it’s not a dollar and cents price. The price is fear, volatility, and risk. In order to actually win with investing, you have to be willing to pay that price as much as it hurts. If you sit on the sidelines, you won’t have to pay that price. But you’re going to look around you and say, ‘Wow, I wish I invested, because everybody else is way ahead of me.’” (more…)
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Matt Stead, Financial Advisor
Matt joined the team in 2014 as an intern. Since then, he has worked on
projects on both the wealth management and accounting sides of our company.
He has also become our go-to person for IT solutions in the office and
is the guy behind Fine Answers.
