Abundance Wealth Planning

06/28/2023

We’d all love to find that next Google, Apple, or Tesla that will propel our investment portfolios. But when should we sell such a stock?

For those of us who invest in the stock market, let’s admit it— we’d all love to find that next Google, Apple, or Tesla that will propel our investment portfolios to life changing amounts of wealth.  We might also be fortunate enough to join a company that successfully achieves an IPO and the...

06/14/2023

Most people are familiar with financial planners or financial advisors. But what is a financial 𝑙𝑖𝑓𝑒 planner? What does it mean to add the element of life to financial planning?

I describe what I do as “financial life planning”. Oftentimes, when people hear that they are a bit confused and have questions. Most people are familiar with financial planners or financial advisors. But what is a financial life planner? What does it mean to add the element of life to financial...

05/30/2023

Collaborative Practice emphasizes the approach of working collectively and cooperatively to resolve financial disagreements or disputes within a family. Here’s how I used CP to resolve a family estate planning dispute.

As some of you might know, Collaborative Practice emphasizes the approach of working collectively and cooperatively to resolve financial disagreements or disputes within a family. The idea is that maintaining amicable and collaborative family relationships will help resolve disputes in a way that be...

05/12/2023

Here's how we can channel our own creativity to answer challenging questions and make difficult decisions.

We all have the capability within ourselves to answer challenging questions and make difficult decisions. This was the third major takeaway from my trip to Zurich. Now when I mean challenging questions, I am not talking about technical questions that have a numerical answer. For these types of quest...

05/04/2023

I recently attended an intensive study at the C.G. Jung-Institut Zürich, Küsnacht, and came home with several takeaways that apply directly to financial planning.

Despite the “common wisdom” about not letting your feelings affect your decision making, actually considering how you feel about the possible choices can go a long way in helping you make the best choice for yourself.

In an earlier article I talked about how financial planning actually needs a certain amount of chaos to be effective. In this article I will talk about how emotional feelings might have a useful role in financial planning. Avoiding Emotion In Financial Planning We've all been exposed to the idea tha...

04/28/2023

Classic mythology and financial planning, an unlikely pairing. But it makes sense if you think about it!

I recently attended an intensive study program at the C. C. Jung Institute in Zurich. It was a fun week of learning and I came home with several takeaways that apply directly to financial planning.  How the Chaos/Order Cycle Relates To Financial Planning During a session on mythology and archetypes...

03/20/2023

Here are a few major points when it comes to teaching kids about money.

This fall, my oldest child leaves for college and the beginning of his adult life. As that time draws near, I’ve been thinking about the example I’ve set for him and what I hope he has taken to heart. Having worked with many clients who have experienced what I am about to experience, I’ve gain...

03/06/2023

This is my approach to handling financial planning when it comes to couples.

Financial conflicts in relationships often boil down to differences in perspective and the "how" of getting there. I use a variety of motivational interviewing techniques to gain clarity and build common ground, both my own planning knowledge and for the couple between each other.

Whether we like it or not, money is very often intertwined with our personal values and feelings, including our own personal senses of freedom, security, and accomplishment. As difficult as it can be for one person to figure out what they want financially, this dynamic gets more than doubly complica...

02/24/2023

To make a financial plan something my clients want to follow, it should be about something that means a lot to them, and something they really want out of life. And to create such a plan, it’s important for me to fully understand what my clients really want.

Whether it’s a diet, household chores, or following a budget, it’s never fun to do anything you have to do, and it's easy to let it fall by the wayside. But it is way more fun and easy to do something you get to do, and you’re far more likely to do it well. To...

01/13/2023

As we start the new year, I recommend that instead of a new year's resolution, we paint a picture of what would be fun, cool, and fulfilling in the future. With this vision as our guide, we now have the ability to make smaller decisions along the way that add up to big differences over time.

Did you make a New Year’s Resolution for 2023? Every year, people talk about setting goals or resolutions for the new year. Inevitably, two-thirds of people who make New Year’s Resolutions abandon them within a month. There are lots of articles out there which attempt to analyze why people don.....

01/13/2023

In 2018 I made the same choice, giving up my stable position in corporate finance to start Abundance Wealth Planning. It was definitely a bit scary jumping in with both feet, but it was well worth it.

01/07/2023

A few weeks ago, I got a call from Jim, a client of mine who is a successful attorney. When I saw his name pop up on the caller ID, I presumed he was calling to exchange holiday greetings...

A few weeks ago, I got a call from Jim, a client of mine who is a successful attorney. Jim had a really great year last year. His firm enjoyed record revenues, and he’d started to expand his firm with new hires. With three beautiful kids and a wonderful wife, all seemed well. So when...