Member Blogs

  • In recent months several of my clients have happily experienced an increase in cash flow. The reasons include: Paying off a student loan Paying off a mortgage Decreased daycare costs due to a child starting school Stopping monthly allowance to an adult child who graduated and got a job (yay!) In each of these cases cash flow went up because of a decrease in a regular expense. Cash flow can also go up from an increase in income such as a raise or a bonus. Clients who have been with me a while know my standard response to an increase in cash flow: Capture those dollars! What do I mean by that? If you do not intentionally capture increased cash flow dollars, they end up in what I call the vortex of spending    Once in the vortex you look back later asking what did we do with that extra money? Answer: We spent it on stuff. However if you consciously capture these newly excess dollars you can divert them to something more tangible. My first choice for new dollars is always SAVE IT!   Savings options include: Retirement increase your 401k plan contribution and save on taxes too! Emergency fund set aside some dollars for a rainy day if you havent already Education 529 plans can be a great way to save for your children/grandchildrens education The important thing with all savings is to AUTOMATE it.  Make the dollars disappear before they get sucked into the vortex of spending! You can have 401k contributions automatically deducted from each paycheck. You can have 529 plan contributions auto-deducted each pay day. You can have emergency fund account transfers on automatic each pay day. Mindfully spending newly found dollars is also an option. Can spending money make us happy? Researchers tell us it can if you spend mindfully. Examples of mindful spending include: Buying experiences not things Helping others Buying free time for ourselves The next time your cash flow increases capture those dollars!
  • Even the Old Gray Lady, The New York Times, sometimes sensationalizes financial news. At a time when facts are under assault, The New York Times must be held to account for incorrectly asserting that the yield curve is — quote — “perilously close to predicting a recession.” Check Our Video Blog On Even The New York Times Gets Investment Facts Wrong Sometimes. http://masteringyourmoney.com/
  • Last month severe storms tore through Boulder County with torrential downpours along with golf ball sized hail.  In Louisville and Lafayette, hailstones smashed through car windshields and shredded roofs, siding, and backyard furniture.  Soon after the storms moved on, the inevitable door knocking of roofing contractors followed in their wake.
  • In the first half of 2018, large-company stocks in the Standard & Poor’s 500 index returned 1.7%, ending the quarter about 6% lower than January’s all-time high. Check Our Video Blog On First Half Of 2018 Stock Investing Highlights http://masteringyourmoney.com/
  • Real estate investing is typically associated with potential high rewards but also a lot of headaches, such as costly renovations and late-night calls from tenants about broken pipes. Check Out This Interview On Real Estate Investing http://masteringyourmoney.com/
  • Real estate investing is typically associated with potential high rewards but also a lot of headaches, such as costly renovations and late-night calls from tenants about broken pipes. Check Out This Interview On Real Estate Investing http://masteringyourmoney.com/
  • Back in 2006 a client walked into my office with an impossible mortgage. Countrywide Bank gave a 70 year old a 30 year mortgage for more than 100% the value of her house. She was underwater the day she closed, with no possible way to ever sell that house. I was aghast, and wondered what [] The post Preparing for the Great Trumpression appeared first on Wendy Marsden, CPA, CFP® .
  • With the internet, it is possible for anyone to do business globally. Check Our Video Blog On Doing Business Globally. http://masteringyourmoney.com/
  • With the internet, it is possible for anyone to do business globally. Check Our Video Blog On Doing Business Globally. http://masteringyourmoney.com/
  • With the internet, it is possible for anyone to do business globally. Check Our Video Blog On Doing Business Globally. http://masteringyourmoney.com/
  • You’ve probably heard that we Americans are largely doing a poor job of saving for retirement. A 2016 report by the Economic Policy Institute puts it in stark terms. By 2013, the mean investment wealth for families in their late 50s was about $164,000, which would generate close to $8,000 a year in retirement. When you combine that with the average Social Security benefit of under $17,000 a year, most are woefully unprepared to stop working in their 60s.
  • Last month the President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act. Tucked inside this legislation mostly aimed at loosening banking restrictions was an important win for consumers. The law states that people throughout the country soon can put a credit freeze on file with the three credit reporting bureaus for absolutely free. Just as important, you will also be able to thaw your credit freeze temporarily or permanently, also for free.
  • Under the new tax law, business owners are entitled to deduct 20% of "qualified business income." Check Our Video Blog On Qualifying For The New Business Owner Tax Break http://masteringyourmoney.com/
  • Under the new tax law, business owners are entitled to deduct 20% of "qualified business income." Check Our Video Blog On Qualifying For The New Business Owner Tax Break http://masteringyourmoney.com/
  • Under the new tax law, business owners are entitled to deduct 20% of "qualified business income." Check Our Video Blog On Qualifying For The New Business Owner Tax Break http://masteringyourmoney.com/
  • Investing in Innovation is a three player game, the national government, the market economy and speculators. Check Our Video Blog On Technology & Investing http://masteringyourmoney.com/
  • Investing in Innovation is a three player game, the national government, the market economy and speculators. Check Our Video Blog On Technology & Investing http://masteringyourmoney.com/
  • Investing in Innovation is a three player game, the national government, the market economy and speculators. Check Our Video Blog On Technology & Investing http://masteringyourmoney.com/
  • Investing in Innovation is a three player game, the national government, the market economy and speculators. Check Our Video Blog On Technology & Investing http://masteringyourmoney.com/
  • The signal to noise ratio of the economy is a blaring anomaly. Check Our Video Blog On Signal To Noise Ratio Of U.S. Economy Is An Anomaly http://masteringyourmoney.com/
  • The signal to noise ratio of the economy is a blaring anomaly. Check Our Video Blog On Signal To Noise Ratio Of U.S. Economy Is An Anomaly http://masteringyourmoney.com/
  • The signal to noise ratio of the economy is a blaring anomaly. Check Our Video Blog On Signal To Noise Ratio Of U.S. Economy Is An Anomaly http://masteringyourmoney.com/
  • The signal to noise ratio of the economy is a blaring anomaly. Check Our Video Blog On Signal To Noise Ratio Of U.S. Economy Is An Anomaly http://masteringyourmoney.com/
  • According to Gallup’s yearly report, The State of the American Manager, only one in ten people possess the talent that’s required of a CEO. Check Our Video Blog On What Is Great Leadership http://masteringyourmoney.com/
  • According to Gallup’s yearly report, The State of the American Manager, only one in ten people possess the talent that’s required of a CEO. Check Our Video Blog On What Is Great Leadership http://masteringyourmoney.com/
  • According to Gallup’s yearly report, The State of the American Manager, only one in ten people possess the talent that’s required of a CEO. Check Our Video Blog On What Is Great Leadership http://masteringyourmoney.com/
  • According to Gallup’s yearly report, The State of the American Manager, only one in ten people possess the talent that’s required of a CEO. Check Our Video Blog On What Is Great Leadership http://masteringyourmoney.com/
  • According to Gallup’s yearly report, The State of the American Manager, only one in ten people possess the talent that’s required of a CEO. Check Our Video Blog On What Is Great Leadership http://masteringyourmoney.com/
  • Yesterday I went for a full day of continuing education aimed at CPAs regarding the Qualified Business Income Deduction. I came away trying to change my focus from the multi-variable linear equations I got there into actual tax planning strategies to bring up with my clients. Im going to write up my notes here. This [] The post Tax Planning Issues related to QBI deduction appeared first on Wendy Marsden, CPA, CFP® .
  • Paying your kids to do chores regularly can be a satisfying transaction for parents and teach children responsibility. Check Our Video Blog On Father's Day Financial Tip: Put Your Kids To Work. http://masteringyourmoney.com/
  • Paying your kids to do chores regularly can be a satisfying transaction for parents and teach children responsibility. Check Our Video Blog On Father's Day Financial Tip: Put Your Kids To Work. http://masteringyourmoney.com/
  • Paying your kids to do chores regularly can be a satisfying transaction for parents and teach children responsibility. Check Our Video Blog On Father's Day Financial Tip: Put Your Kids To Work. http://masteringyourmoney.com/
  • Paying your kids to do chores regularly can be a satisfying transaction for parents and teach children responsibility. Check Our Video Blog On Father's Day Financial Tip: Put Your Kids To Work. http://masteringyourmoney.com/
  • Paying your kids to do chores regularly can be a satisfying transaction for parents and teach children responsibility. Check Our Video Blog On Father's Day Financial Tip: Put Your Kids To Work. http://masteringyourmoney.com/
  • July 2, 2018 Between two professional credentials that each need a lot of continuing education, plus family vacation time, Im on the road a lot when its not tax season.  Most of the time Ill be able to get a voicemail/text/email and answer within a reasonable time frame, except for two weeks when Im off [] The post Wendys Upcoming Vacation and Travel Schedule appeared first on Wendy Marsden, CPA, CFP® .
  • Discussing actions that you can do to become a millionaire without depending on a winning the gene pool lottery and luck enough to win lottery. Check Our Video Blog On Four Pillars of Intergenerational Wealth http://masteringyourmoney.com/
  • Discussing actions that you can do to become a millionaire without depending on a winning the gene pool lottery and luck enough to win lottery. Check Our Video Blog On Four Pillars of Intergenerational Wealth http://masteringyourmoney.com/
  • Discussing actions that you can do to become a millionaire without depending on a winning the gene pool lottery and luck enough to win lottery. Check Our Video Blog On Four Pillars of Intergenerational Wealth http://masteringyourmoney.com/
  • Discussing actions that you can do to become a millionaire without depending on a winning the gene pool lottery and luck enough to win lottery. Check Our Video Blog On Four Pillars of Intergenerational Wealth http://masteringyourmoney.com/
  • Discussing actions that you can do to become a millionaire without depending on a winning the gene pool lottery and luck enough to win lottery. Check Our Video Blog On Four Pillars of Intergenerational Wealth http://masteringyourmoney.com/
  • Discussing actions that you can do to become a millionaire without depending on a winning the gene pool lottery and luck enough to win lottery. Check Our Video Blog On Four Pillars of Intergenerational Wealth http://masteringyourmoney.com/
  • I specialize in helping single women make sense of their money and their taxes. So I was very interested when Fidelity* recently came out with a study exploring the financial planning and investing habits of single women they surveyed 1,503 women who never married, are divorced or widowed as well as single men and married men and women. Kathleen Murphy, president of personal investing at Fidelity said of the study ..its critical that women be actively involved and invested in the financial choices that can enable them to live the lives they deserve. There are a lot of interesting things in this study. I could write a bunch of newsletters about it. In fact, maybe I will! One statistic that jumped out at me was this: Single women are twice as likely as their male counterparts to say they keep their savings in cash simply because they dont know where to invest it. This resonated with my experience working with single women. Often my clients come to me with a big pile of cash in a checking or savings account. In some cases the balance exceeds the FDIC insurance limit of $250,000 per depositor, per FDIC-insured bank. This means if the bank goes under, they might not get all their money back. A small risk, but why take it? Some of these women have been so busy with good paying jobs, their cash has just accumulated! Not a bad problem to have. But often their cash is not the result of a positive event. Maybe its life insurance proceeds or other inheritance from the death of a beloved parent or spouse, or even an adult child. Maybe its whats left after acrimonious divorce proceedings. It is important to acknowledge grief, anger and other emotions surrounding our money. Certainly everyone needs some cash on hand for an emergency. I admit to being a lifelong cash hoarder myself. But keeping too much in cash long term leads to an erosion of purchasing power because of inflation. The old saying a dollar isnt what it used to be is certainly true. An all-cash or cash-heavy portfolio means you are missing out on potential growth over the long term. Its time for single women to take the next step with their piles of cash! *I am not affiliated with Fidelity.
  • If you work in the private sector, there’s a good chance that part of your compensation is paid in company stock. This can take the form of options, stock purchase plans, restricted stock or other programs. Making the right choices with company stock is critical when it’s a sizable portion of your net worth. Not only do you need to think about managing your risk while participating in your company’s success, but also there are tax consequences to your actions.
  • The U.S. unemployment rate dropped to 3.8% in May, as low as it’s been since 2000, and the economy added 223,000 new jobs, more than the 190,000 expected. Check Our Video Blog On Is Economic Growth Sustainable http://masteringyourmoney.com/
  • The U.S. unemployment rate dropped to 3.8% in May, as low as it’s been since 2000, and the economy added 223,000 new jobs, more than the 190,000 expected. Check Our Video Blog On Is Economic Growth Sustainable http://masteringyourmoney.com/
  • The U.S. unemployment rate dropped to 3.8% in May, as low as it’s been since 2000, and the economy added 223,000 new jobs, more than the 190,000 expected. Check Our Video Blog On Is Economic Growth Sustainable http://masteringyourmoney.com/
  • The U.S. unemployment rate dropped to 3.8% in May, as low as it’s been since 2000, and the economy added 223,000 new jobs, more than the 190,000 expected. Check Our Video Blog On Is Economic Growth Sustainable http://masteringyourmoney.com/
  • The U.S. unemployment rate dropped to 3.8% in May, as low as it’s been since 2000, and the economy added 223,000 new jobs, more than the 190,000 expected. Check Our Video Blog On Is Economic Growth Sustainable http://masteringyourmoney.com/
  • Even if you’re not a landlord now, listen up, because you may want to become one. Check Our Video Blog On The New Math Of Renting Out A Property http://masteringyourmoney.com/
  • Even if you’re not a landlord now, listen up, because you may want to become one. Check Our Video Blog On The New Math Of Renting Out A Property http://masteringyourmoney.com/
  • Even if you’re not a landlord now, listen up, because you may want to become one. Check Our Video Blog On The New Math Of Renting Out A Property http://masteringyourmoney.com/
  • Even if you’re not a landlord now, listen up, because you may want to become one. Check Our Video Blog On The New Math Of Renting Out A Property http://masteringyourmoney.com/
  • Even if you’re not a landlord now, listen up, because you may want to become one. Check Our Video Blog On The New Math Of Renting Out A Property http://masteringyourmoney.com/
  • Even if you’re not a landlord now, listen up, because you may want to become one. Check Our Video Blog On The New Math Of Renting Out A Property http://masteringyourmoney.com/
  • The number 1 factor in having financial freedom is how much you earn with passion. Check Our Video Blog On Love Your Work. http://masteringyourmoney.com/
  • The number 1 factor in having financial freedom is how much you earn with passion. Check Our Video Blog On Love Your Work. http://masteringyourmoney.com/
  • The number 1 factor in having financial freedom is how much you earn with passion. Check Our Video Blog On Love Your Work. http://masteringyourmoney.com/
  • The number 1 factor in having financial freedom is how much you earn with passion. Check Our Video Blog On Love Your Work. http://masteringyourmoney.com/
  • The number 1 factor in having financial freedom is how much you earn with passion. Check Our Video Blog On Love Your Work. http://masteringyourmoney.com/
  • The number 1 factor in having financial freedom is how much you earn with passion. Check Our Video Blog On Love Your Work. http://masteringyourmoney.com/