Author- Marshall Rathmell
Women are taking on more responsibility for their financial lives compared to previous generations. There are several reasons why this is important. In the past, women have typically worked less than men as they were the primary caregiver, which means they had fewer opportunities to contribute money in retirement plans, savings, and investments.
A significant number of people who show up at our door need our help because they are uncomfortable with how their investments are currently being managed. We see that as just one piece of complete financial success. Without covering more than investments most people can fail even with the best portfolio in the world.
Everyone who keeps a budget overspends once in a while. Even the most disciplined spender occasionally makes a purchase that wasn’t in the budget at the beginning of the month. Doing this once in a blue moon won’t completely wreck your financial future; however, if you habitually overspend, it can prevent you from reaching your financial goals or aspirations.
Actively managed mutual funds are built on the hypothesis that their managers’ investing abilities are greater than everyone else’s investing abilities so that you can make more money than others that invest in a similar asset class. They typically ask for higher compensation to pay for their talent’s abilities. Human nature wants us to believe that we can pick whi