When to Rent a Home Instead of Buying

The Federal Reserve found that in 2016 the median homeowner's net worth was $231,400 while the average renter's net worth was $5,200. Certainly, it makes sense for your long term wealth for you to ultimately be a homeowner. However, sometimes you should rent a home instead of buying one. If you move to an area …

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Opportunity Zone Investing

If you have capital gains you may want to consider how investing those gains in an Opportunity Zone could save you taxes.  Also, investing in an Opportunity Zone Fund could be a great tax-advantage investment in and of itself.  Finally, you may be doing good for the country because you are investing in an area …

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Focus on Your Balance Sheet

Visit the full post to hear the Podcast! You will more often hear people talk about how much money they make (aka, their income) than you will hear those same people talk about their net worth.  These are very different things.  You should focus on your personal net worth versus how much money you bring …

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Case Study: One Person’s Financial Journey

Visit the full post to hear the Podcast! Let's together run through a scenario to see how we can take someone through the Financial Stages.  We'll call her Jane.  Let's assume I met with Jane because she was feeling like she just can't get ahead with Denver's high cost of living.  She is 30 years …

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Financial Stage 3: Thriving

Are you in Stage 3: Thriving? You are in Financial Stage 3, Thriving, once you have no consumer debt and have saved your Financial Independence Fund. In this stage, you are focusing on building your net worth and being generous. You are still following your financial plan, including a budget. The biggest change is going …

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Financial Stage 2: Stabilizing

Are you in Financial Stage 2: Stabilizing? You are at Financial Stage 2, Stabilizing, once you have calculated your personal net worth, developed your financial plan and budget, and you are working on a positive money mindset.  You will remain in this stage until you have achieved a few more financial milestones.  Financial stability is …

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The Four Financial Stages of Your Life

Visit the full post to hear the Podcast! I believe most people that are successful with money go through four financial stages in their life. Stage 1: Surviving Stage 2: Stabilizing Stage 3: Thriving Stage 4: Overflowing The stages are not always linear. You may go back and forth between these stages throughout your existence …

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Video: Restoring A Healthy Perspective on Money

Check out our video!  Money touches every aspect of life. If you get it wrong, the results can be devastating. Today the types of conversations I've been having with other people about their finances is revealing a great need. A need to restore in people a healthy perspective on money. Wherever you are in your …

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