One of the unique differences in wealth planning at TAMMA is that we often start with “Why” when we are developing wealth plans for our clients. Starting with why helps to set the foundation on which the wealth planning process is built on. Once we determine the why, we can focus on how we invest our time, energy, and, yes, … Read More
Why a Financial Planner is More Than Just an Investment Guide: The Four Critical Aspects
Working with a professional of any means, whether a doctor, attorney, or specialist, is, in many ways, no different than having and working with a wealth advisor. You, the client, rely on these professionals to support and guide you through decision-making while formulating opinions and reviewing alternative solutions to reach the best possible outcome for your situation. Many people believe … Read More
This Picture is Worth a Thousand Words
The picture above is one of the many faces of TAMMA. She happens to be one of the M’s in TAMMA as her name is Mackenzie (Mac). But her picture could be one of your children. It could be Kennedy, Collin, Brody, Grace, or Sophia who are just a few of the youngest members of the TAMMA family. For the … Read More
What it means to be a Certified Financial Planner CFP®
I wanted to articulate in broad terms what some of the designations that I carry at TAMMA mean and how those may impact those who choose to work with TAMMA. Not every wealth or financial advisor is a CFP®. And believe it or not, not all people in the financial industry are required to be a Fiduciary. What it means … Read More
The Go-Giver vs. the Go-Taker
60 Minutes this past weekend aired yet another example of professional athletes being taken advantage of by slick-talking financial advisors. This is very similar to a piece that I wrote about back in July when three high-profile athletes Mark Sanchez, Jake Peavy, and Roy Oswalt were ripped off for ~$30M. The key piece in both examples but maybe more so … Read More
Optimize Your Spending
What if you could increase your level of happiness by what you buy? You may think that is an easy question to answer by saying, “yes, if I could buy anything I wanted I would be happier.” However, what if research showed that once you obtained a certain income level, say $75,000 your level of happiness would not change that … Read More
Economics is Largely the Study of Making Choices
Economics is largely the study of making choices. I wish that I would have stressed this point more to my economic students last semester. There aren’t absolute laws in economics like there are in other hard and physical sciences such as chemistry and physics. However, there are some established tendencies and limits to economics such as the law of supply … Read More
Wealth Planning, Life Planning, & Economics
Last week I had put together a curated list of articles that I have been reading or have read over the past few months that focused on Self-Improvement, Career, Continuous Learning, and Investing. This week I am wrapping up this two-part series with a focus on some broad topics which include Wealth Planning, Life Planning, Economics, and a few non-descript … Read More
How to Get Started in Finding the Right Financial Adviser for You
Searching for a financial adviser who is the right match for you takes a lot of work. While automated or “robo” advisers have increased in popularity in recent years, they aren’t set up to handle every aspect of your financial life. Try asking one of them if you should buy or sell a house and the impact that it may … Read More
The Latte Factor is Not Going to Make You a Millionaire; Consider This Instead
Have you ever heard of a theory called the Latte Factor? The theory goes that if you gave up your $5 a day Starbucks latte and rather invested that money over time, you would reach a sizeable amount of money to help you achieve your retirement or some other wealth management goal. Here is the math on this theory using … Read More
