We’ve traveled the gauntlet in a very short time during 2019 and 2020. We’ve gone from trade wars, to interest rate volatility, to the COVID-19 pandemic, and we are now rolling into a chaotic election. Without the right focus investors could find themselves making ...
Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law in March, donors may give up to 100% of their Adjusted Gross Income (AGI) this year. Below are some of the key provisions from the CARES Act that may impact your charitable...
Today I want to show you that financial planning isn’t complex and it’s actually a simple process.
What makes it simple? Learning the 4 pillars of financial planning.
“We were always focused on our profit and loss statement. But cash flow was not a regularly discussed topic. It was as if we were driving along, watching only the speedometer, when in fact we were running out of gas.” – Michael Dell
Some people say cash is king...
We are all given a core set of resources: time, talent, treasure, truth, relationships, etc.
How you view, use and deploy each of these has far-reaching effects on the outcomes you find yourself in. Most importantly, how you use your available resources is the...
Does budgeting really work? Or, should you throw it out the window?
Wouldn’t it be amazing if you could throw your budget out the window for good? Would that free you from the stress of thinking you had to account for every dollar and every penny if you want to be...
To most of us, we think money is a means to an end. “If I just had $X amount” seems to be a common theme.
What we’ve found at Archetype is money doesn’t always solve problems, and in many cases it can create new ones. Like the lottery problem: You win... you get a...
If your money was taken from you today, what else would you give to the next generation?
Almost every decision we make in life has a capital component to it. In other words, there is an exchange or investment of value involved. As we’ve outlined before, the Five Capitals that make up a “Full Inheritance” are:
When you think about the word “inheritance”, what comes to mind? If you are like most, then money and property immediately surface. We think about what we can pass down to the next generation, but is that really all there is to it?
Be wise with your money. We have always heard it but have we ever considered it? Does this mean to save it all for a rainy day? Invest it aggressively? Buy that new car? Hide your money underneath the mattress? Part of managing finances is knowing how to choose the...
What is financial success? Is it having a lot of money, being able to buy what you want, having the money to travel or something else?
Peter Drucker, the great American management educator, is famously quoted for the phrase, “Culture eats strategy for breakfast.” A friend of mine has that quote immortalized on the central wall of their corporate headquarters in giant block letters. They are a...
Culture is key. Great businesses, sports teams, colleges, and civilizations are built around strong cultures. Culture is ingrained in all of us at some level. But, what seems lost is the role culture plays in our homes.
Financial education is important and it’s never too early to teach kids about money. Money management is one of the most important life skills we can learn and yet it’s not really a focus in the education system.
Society would like for us to believe that achieving greatness, becoming a master, a rock star, or a multi-millionaire can happen overnight… with little effort. But that’s just not true. It rarely happens fast and a plan isn’t winning the...
When it comes to spending, how often do you feel an uneasiness in your stomach? How many times do you find yourself wishing you had a better or different lifestyle? Even worse, do you often find yourself comparing your income to your siblings or closest friends?
In my recent blog entitled “The Three Mega-Trends in the Wealth Management Business”, I made the case that three important things need to happen in this industry:
100% of businesses eventually change ownership.
Who is the next owner of your business?
In my blog “The Three Mega-Trends in the Wealth Management Business”, I made the case that three important things need to happen in this industry:
Developing a clear picture of your financial future is no small feat – even the world’s biggest companies invest in entire teams to help forecast revenue and expenses. Just as high-capacity companies have a fine-tuned strategic plan for growth, high-capacity...
Your wealth goes beyond investments, it involves your family, your strategy and your legacy.
Greater wealth brings greater complexity. So how do you ensure you are intentionally stewarding your wealth? Here are some questions you should be...
Hey everyone, Chip Brackley here with Archetype Wealth Partners. Over the last week, we've had a number of discussions and questions around the CARES act and some of the other avenues of relief for small business owners being put forth by the government. Since this...
“Life is not about accumulation; it is about contribution” – Stephen Covey
Day Four is all about the future and financial planning! This is an opportunity to not only talk about dreams and goals for life, but also to discuss a huge issue that younger generations today are often accused of not understanding: Delayed Gratification. It is...
Day T1 ree and we are turning our attention to investing. In particular, what are the different kinds of common investments, how do they differ, and why should someone want to purchase them?
Welcome to day two of our Financial Basics information. Today, we are taking on a subject t1 at is crucial to financial success - budgeting. Sadly, in all areas of life and among people of all ages and economic standings, I am always amazed at how many people do...
Welcome to an opportunity to bond with your children and to teach them some valuable lessons they may not learn in our traditional education system. The goal is not to turn them into financial experts or to cover every detail of the various concepts covered. The...
As you may know, our firm uses a proprietary asset allocation model we call “The Three Dials”, wherein we look at three primary indicators in the markets and the overall economy that tend to determine the performance of financial assets.
Twenty years ago, when I was new to working in the world of wealth management, I started working with two wonderful new (married) clients—James and Sue. James was a well-respected engineer for a large, well-respected organization and Sue had stopped working outside...
I married a variable income earner and we moved to New York City. I could not be happier, but there have been some challenges, especially in the area of planning for our financial future. My wife owns her own business doing a variety of jobs from speaking across the...
What is your New Year’s Resolution? Why is that important to you?
I’m about to get married and I’m writing about divorce. One of the biggest reasons for divorce is money. This is true for couples across the board: blue collar, white collar, or no collar. It’s great to have money but it is awful if money has you.
What a weekend! It was a joy to gather with women from across the city (and state!) for our first THRIVE event. We discussed the foundations of wealth and the impact that cultivating gratitude can have on your legacy.
I’m a millennial financial advisor who is skeptical of financial advisors. We grew up when Lehman Brothers was going down. Bear Stearns collapsed and took our trust with it. Our skepticism of the financial industry keeps us from utilizing the resources and wisdom...
Have you wondered how much money is appropriate to give to your kids?
I had the opportunity to share a weekend with 25 families that had a net worth of $50 million or more. Part of the gathering was to discuss this challenging question, and it was the most engaged...
In 1984, a young kid named Daniel moved to California and quickly became the target of a group of bullies that studied karate at the Cobra Kai dojo. Fortunately for Daniel, he befriends an unassuming repairman, Mr. Miyagi, and is transformed into one of my...
Over 50% of young people who are graduating from college are moving back home. At one point in time this would have been considered somewhat embarrassing, but for some, it’s smart. Rent prices are at all-time highs, cost of living is only going up, and student debt...
Once you graduate from college and accept your first position, you may feel like you’re on top of the world. This exciting time in your life also causes you to face many new questions. Young adults frequently ask us about the best way to start saving for their...
If your Mom was like mine, she repeated herself frequently. Whether it was barking orders at us or offering nuggets of wisdom, my Mom had some common “go-to” sayings. They were annoying at the time but continue to prove valuable to this day. In honor of Mother’s...
When you really think about it, you realize that 100% of businesses will transition… whether it’s to a family member, a buyer, or simply closing the doors. Every company undergoes a transition of some kind.
You get results with a personal trainer and you get peace of mind with a financial advisor. You set goals, customize a plan, work hard, and then enjoy the results. The only difference, of course, is that we do the work for you.
When you purchased or built your home, what did you consider? Certainly the price, probably the neighborhood. You considered whether its size could accommodate your family or future family. You looked at school district zoning and thought through how long you...
With the holiday season just around the corner, we have turned our focus here at Archetype toward family. Our mission is to help families thrive over generations. However, the current reality is that many families are not thriving and younger generations are...
In certain parts of the world fishermen use a destructive shortcut to increase the size of their catch. Instead of using nets, they drop a stick of dynamite on top of a reef to kill the fish, which then float to the surface and can be easily taken onboard. The...
Our clients often ask us for advice on helping educate the next generation about investing principles.
I’m a big fan of the movie “Sully”. Since I live and work near NYC, I’m often reminded of the “Miracle on the Hudson” whenever I’m near the river. My most memorable scene from the movie is when Sully and his co-pilot are facing a disciplinary panel from the NTSB....
