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If you haven’t read the first installment of this series, I encourage you to also read it: New Kids On the Block, Part I

Walking into BCR on my first day, I was nervous about what my role was going to be. My main objective for my internship was to gain experience and knowledge about financial planning that I could not easily be taught in a classroom.

             The first thing I noticed when I began my internship at BCR was how positive, welcoming, and encouraging the work environment is. Ever since my first day at BCR, I have felt a part of the family.

If you are about to buy a house, a car, a mattress, or nearly anything on credit you are presented with an interest rate.  Often adjacent to the interest rate is another rate, maybe in smaller type, designated as the APR, and that is usually higher than the interest rate in big print.  What is that about?

When you are early in your professional career you typically have not accumulated a significant amount of investable assets.  At least not to most investment professionals.

Unless you have recently had a baby you may not know some major details that I plan to share over this 3-part series. So buckle your car seat and let’s take a look.

Maternity and Paternity leave

Something that is interesting in life is, as we get older, the longer each phase of life tends to last.  Childhood is 15 to 20 years at best.  Young adulthood about the same.

Things that are valuable often are kept in a safe deposit box at a bank or credit union.  However, the definition of value is different for different people.  So, I went to the source of all knowledge: the internet.  Here’s an internet list I found of what SHOULD be in a safe deposit box:

High-emotion, low-probability topics dominate news headlines and your emotions.  And this means it is top of mind and difficult to dismiss.

In the world of private wealth management and financial planning, these are recent, common issues that I would classify as high-emotion, low-probability:

Conventional “wisdom” has always said that young adults should buy a starter home as soon as they graduate college and get a job, and then move to a larger one as their careers advance. That way, they avoid “throwing away money” on rent.