Archives for financial independence

Millennials Are Saving, But For Financial Freedom, Not “Retirement.”

Millennials–people between the age of 18 and 34–are the largest demographic group in America as of 2015. And according to a recent study by Bank of America’s Merrill Edge, they are also saving more money than any other group, with 36% of them stashing away 20% of their salary. But it’s not for “retirement” per se. They are saving money so they can “live their desired lifestyle.”   If you haven’t been actively pursuing this group, you might want to consider it. Millennials need your help beyond robo-advice. Research by UBS has suggested that millennials have become the most financially conservative generation since
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Categories: Blog Posts.

Financial Independence Day

The month of July starts off with a literal bang on the 4th when we celebrate Independence Day as a nation. Being independent is defined as “being free from the control, influence, support or aid of others.” The definition of financial independence generally describes “the state of having sufficient wealth and income to pay for necessities, without actually having to work.” But different people have different ideas about what is sufficient in terms of wealth, and what are necessary expenses versus lifestyle choices. To help your clients create financial independence, one of the first things you may do is find
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Categories: Blog Posts.