Wealth – we all have our own definition, shaped by our past. Further, we all have a goal for our wealth, and my argument is that it centered somewhat around Financial Independence.
Let us first define financial independence:
Placing no reliance on a job or anyone else to maintain your chosen lifestyle.
Read MoreIf you are like most doctors, you have most likely encountered the salesman trying to guarantee you a better retirement with variable life insurance products as great investments. You may have even been told that, for you, this is a better solution than even a 401(K) or IRA because of the tax advantages or that you can take loans against it. I wish you could see my eyes roll as I type this…
Read MoreJosiah Igono, PhD, CSCS, delivers his wisdom as a former elite athlete and sports psychologist that was most recently with the Texas Rangers as their peak performance coach. If you are serious about improving at your craft this deserves your attention.
Read MoreIn today’s blog we focus on the ongoing U.S. Senate Race and the impact it has on the implementation of President-elect Joe Biden’s proposed tax policies. We also identify the most and least likely tax policies to be enacted and discuss timing of these potential changes.
Read MoreThe markets have begun to level out with conflicting forces from the government taking shape. So, in this week’s AWM Insights, Brandon Averill, Erik Averill and Justin Dyer get you caught up on everything happening within the markets and why you should never overreact. Plus, why you should always be planning financially for something like a global pandemic. Here is a breakdown of the 3 key takeaways from the episode:
Read More“When it came rolling in, the money affected us all. Not much, and not for long, because none of us was ever driven by money. But that’s the nature of money. Whether you have it or not, whether you want it or not, whether you like it or not, it will try to define your days. Our task as human beings is not to let it.”
Read MoreThe markets have begun to level out with conflicting forces from the government taking shape. So, in this week’s AWM Insights, Brandon Averill, Erik Averill and Justin Dyer get you caught up on everything happening within the markets and why you should never overreact. Plus, why you should always be planning financially for something like a global pandemic. Here is a breakdown of the 3 key takeaways from the episode:
Read MoreBrad Latrell’s passion as founder of GoWild permeates through the entire podcast. The hunting, fishing, and outdoors app was created with the mission of “unlocking the gates of the outdoors”. The evolution of his company is the result of Brad’s passion as a hunter and angler. He saw for himself the need for a better way to socialize and share recommendations for all things hunting and fishing related that his “grandfather taught his dad, his dad taught him, and now, he's teaching his children.” Brad notes that he often says to his children, "Whatever you do, ask the question: was that worth investing a piece of my life in?” This is a great reminder from Brad about having purpose and intention in what you dedicate your life to.
Read MoreMy parents are blessed to live in the great state of Montana, which allows our family to fly fish some of the best rivers in the world. We love it – it has long been a family event, passed down from generation to generation. Our excitement begins the night before any trip by plotting out promising boat float routes along the river. During this planning phase, we stare at the map and say things like “this area looks good” or “this water might produce fish.” Never a negative comment, always positive as we are on high emotion for the next day’s adventure.
Read MoreWhether you are at a hospital or private practice, you must approach your career as if you are your own CEO. This mindset shift is thinking bigger than just seeing more patients, it has to be about leveraging the experts around you to maximize your opportunities.
Read MoreThere is always a lot of “noise” out there when it comes to investing and the stock market. Whether its headlines in the news, a conversation with your neighbor, or your wife telling you what she heard from her friend at work.
Read MoreIn a recent AWM Insights we discussed - now with election day behind us - the immediate moves we should make to ensure portfolio viability in 2021. Here is a breakdown of the 4 key takeaways from the episode:
Read MoreTrust – I routinely look up the definitions of words. Oddly enough, I love reading the definitions of everyday words as I believe it re-educates us on messages we are trying to convey, and more importantly how the recipient processes and receives the message.
Read MoreEvery morning I wake up and check the news to see what has happened overnight with the market. Like most mornings in 2020, there was a focus on how bad Covid is. The thoughts rushing through my head were probably the same that go through yours… “Is this ever going to stop?” “Will we ever go back to normal?” “What will baseball look like next year?”. Then, in perfect 2020 fashion, and less than 30 minutes later, news broke that drug makers Pfizer and BioNTech have landed on a vaccine that is more than 90% effective in protecting against the dreaded Covid-19. They called this a “Great day for science and humanity”. Immediately the stock market futures jumped more than 5%, and as of writing this the DJIA and S&P 500 are still trading at their all-time highs.
Read MoreLike in most election years, people are very passionate about who they support and who they want to win. This year is no different as people’s emotions are running high. They also have strong opinions on what this will mean for the economy and stock market. It’s okay for us to feel the way we do because that’s what makes us human. It is perfectly normal to address these emotions, but we also need to realize that people can make costly mistakes when making decisions clouded with emotion. That is why it is extremely important to remove emotion from investments, and to make practical decisions based on real data. Rather than promote one particular party or platform, this is being written to provide evidence-based data.
Read MoreToday, the IRS provided the full details of the tax payment extension in Notice 2020-17.
Read MoreOver the course of a summer, it’s not unusual for the stock market to be a topic of conversation at barbeques or other social gatherings. A neighbor or relative might ask about which investments are good at the moment. The lure of getting in at the right time or avoiding the next downturn may tempt even disciplined, long-term investors. The reality of successfully timing markets, however, isn’t as straightforward as it sounds.
Read MoreIt’s not what you sign for that matters but what you put in your pocket. As a player, your ultimate goal is not the gross MLB signing bonus amount; rather, it is the net (after-tax) amount. Are you familiar with how an MLB signing bonus is paid out?
Read More
