The 6 Best Credit Cards for Traveling Med Students

med school residency credit card

If you’re a medical student preparing for clinical rotations or residency then you’ll be traveling a lot. Finding the right credit card for your travels can make a difference in hundreds, if not thousands of dollars. Here are the top 6 credit cards I recommend for your travel expenses. For best travel point rewards: Chase Sapphire Preferred® Credit Card https://creditcards.chase.com/rewards-credit-cards/sapphire This card allows you to redeem points for travel expenses such as flights, hotel stays, and rental cars. This is…

It’s Tax Time–Let us help you with your return.

Did you know that in addition to being a financial planning firm we also offer tax preparation services? Our clients have benefited tremendously from this because we already know their tax situation and performing their return allows us to plan for taxes even more effectively. Maynard has been doing tax returns since 1994. Daniel just got his licensed tax preparer’s number and is excited about providing this valuable service to our clients. In addition, we made a valuable connection this…

Avoid This Costly Mistake When Investing in the Stock Market

As a financial advisor I’ve seen hundreds of investors ranging from inexperienced to advanced. I’ve seen people lose money and I’ve seen even novice investors make a lot of money because they got lucky. I’ve seen average investors make great gains throughout their earning years only to later make a mistake. Stock market gains seem to be non-discriminatory. Anyone can make money in the markets. Success in investing is shared by both young and old investors, those who read investment…

Budgeting May Be A Painful Exercise, But Failing To Budget Is Even More Painful.

Sometimes clients tell me they don’t envy what I do—the sitting behind a desk and calculating capital gains taxes, considering the many factors involved in choosing one retirement plan over another, diversifying and rebalancing portfolios as needed. It makes sense that my clients don’t envy what I do—that’s exactly why they hire me. And let’s be honest, sometimes sitting down and setting a budget and tallying up monthly income and expenses can seem tedious and boring. Maybe you avoid budgeting…

You Don’t Have to Win the Lottery to Grow Your Wealth!

budgeting

You don’t have to be making mega-bucks in order to succeed financially. In fact, there have been many people with large incomes who did not put basic personal finance practices into play and suffered drastic consequences as a result. Many lottery winners, professional athletes, and high-earners have squandered their wealth by failing to adhere to time-tested money management skills. As a result they lost their fortunes and suffered personal losses as well. This phenomenon is not uncommon. When I was…

Latest Economic Outlook

I was recently asked by our local TV station to give an interview about the current economic outlook in lieu of a recent drop in the Dow Jones Industrial Average stock index. Here was my response: I don’t think there is cause for great concern right now. GDP is still strong, unemployment is low, and retail sales were up 2% in the last quarter. The volatility that we’ve recently experienced is a result of the trade war with China and…

Millionaire Success Secret #1: Implement a Viable Cash Flow Plan

budgeting

Budgeting will make or break you. Get it on paper and implement it. Budgeting is not only an important aspect of wealth-building, but a vital tool for it. Without a working budget you simply can’t win with money. Clients and friends ask me all the time how they can formulate a cash flow plan that not only works with their long-term goals, but is also attainable in their day-to-day lives. Here are a few key takeaways to help you construct…

The Quintessential Key to Building Wealth: It’s not What You Think

budgeting

The research is in. The findings are conclusive. Anyone can create the lifestyle and legacy that they want—even you, especially you! The good news is that if you want to grow wealth, you don’t have to time the markets perfectly, make a six-figure income, or inherit a fortune from your deceased uncle. The bad news is that it’ll take work and you’ll have to do the exceptionally boring, yet all-important task to get you there—budgeting. Budgeting is the most essential…

10 Ways to Save $10,000 This Year

What would you do with $10,000 saved this year? Did you know that if you set aside 10k a year for 30 years, you’d have 1.2 million to retire with (assuming an 8% rate of return which is less than the long-term market average)?? Watch the second-half of our seminar below in order to help get your finances on track! We apologize that the first half of our seminar was lost unfortunately due to Facebook live difficulties and the sound…

The New Tax Cuts and Jobs Act: Maximize Your Tax Refund This Year

tax return

Two certain things in life are death and taxes. And even though much can change in the tax system, the IRS will always be there to take their portion of your income. Much indeed has changed since the 2017 Tax Cuts and Jobs Act. Many Americans this year are seeing less of a tax refund or more of a liability than they were expecting because their employers withheld less taxes on their pay-stubs last year. In an effort to reduce…