Without a plan, financial security becomes uncertain. It is worse for those nearing retirement. They may not have enough savings.
They may struggle to cover expenses. A rushed plan often leads to costly mistakes. Many take shortcuts that weaken their financial future.
How can you avoid these pitfalls? A better approach can make a huge difference. Read on to learn how to get more from your financial planning process.
Read MoreAccording to the Motley Fool Money's 2025 Financial New Year's Resolution survey, 69% of Americans made a financial resolution in 2025. 74% are confident they can keep it.
Making a plan is the key to any resolution. Financial ones require even more planning to ensure they serve you not only this year but in years beyond.
Read on to learn everything you need to know about strategic financial planning and how it can be your path to financial success.
Read MoreIn today's world, managing wealth is about much more than saving and investing. It's about making smart decisions that protect and grow your assets for the future.
But, what is private wealth management exactly?
Read MoreIf there's a downside to financial planning, it's that it often requires you to make mistakes to learn what works. Fortunately, there's another way: listening to the wisdom of those who have already made those mistakes.
Looking to harvest the fruits of that wisdom? Here are 12 financial planning quotes that will help you build wealth and reach your goals!
Read MoreAre you striving for financial security and success? It starts with a clear plan. Goal setting is the backbone of the financial planning process, helping you stay on track toward your financial aspirations.
Without goals, it's easy to lose focus or mismanage your resources, leading to missed opportunities for wealth building. If you're serious about securing your financial future, you need to understand the critical role goal setting plays in that journey.
Read MoreAccording to the Federal Reserve, about four in ten American adults were "doing okay" financially around the end of 2023. About one in three said they were "living comfortably." The rest, however, were either only "getting by" (19%) or having a hard time getting by (9%).
Read MoreYou've worked hard for your money, and now it's time to make your money work for you. As you approach retirement or think about your financial future, you might be wondering how to make smarter investment choices. That's where a fee-only financial advisor comes in.
Read MoreTwo-thirds of Americans admit that their financial planning needs improvement, a statistic that highlights the widespread need for better financial guidance. Navigating the world of financial planning can feel overwhelming at times, especially with so many professionals offering their services.
Read MoreOur culture and society may change slowly, but they do change. More families today feel less social pressure for both spouses to be employed outside the home. With the cost of childcare climbing ever higher, some begin to see the decision to stay at home as a strategic choice that makes financial sense.
Read MoreA capital gain refers to the increase in value of an asset such as stocks, bonds, precious metals, real estate, and other assets. When these assets are sold, the realized gains are taxed at lower rates than ordinary income if the assets are held for at least one year. If the assets are held for less than a year, the gain is treated as a short-term capital gain which is taxed under ordinary income tax rates.
Read MoreYou want your company's growth to align with its financial capabilities. So how can you make sure they are working together efficiently?
The answer is compensation planning!
Read MoreUnderstanding how to plan for your financial security is crucial, but it's not as difficult as it might seem. So, what are the steps involved in the financial planning process? Let's explore the key details you need to know.
Read MoreIn a world where financial uncertainty can feel like the only certainty, many miss the critical step of cash flow forecasting in their financial journey. This oversight is not just a small blip. It can lead to significant missed opportunities and unnecessary financial stress.
Read MoreIf you count yourself among the 72% of the country who consider themselves not financially secure, it's time to do something about it.
At Phillip James Financial, we've helped countless Minnesotans achieve financial freedom. Keep reading and find out about some of the strategies that we've discovered work best for our clients.
Read MoreAccording to CNBC, 77% of Americans are anxious about their financial situation. Trying to pay down debt, save for retirement, and make ends meet in your everyday life can be incredibly stressful. This is why it is important to create a strong financial plan.
Read MoreMoney matters. Whether you're just starting to build your financial foundation or navigating the complexities of growing wealth. Understanding how to manage your money is the key to growing it.
When it comes to money management, two terms often come up: wealth management and financial planning.
You shouldn't have to worry about your financial future. Check out these thirteen great benefits of financial planning that you should know about.
Read More"What gets measured, gets improved", is a common saying that's been going around the blogosphere for a while now. It applies to all aspects of your life, such as meeting a daily calorie goal or walking 10,000 steps.
Read MoreDo you feel as though you're constantly struggling with finances? With everything going on these days it's more important than ever to get your finances under control. Perhaps you're considering building your own financial plan but haven't taken financial planning seriously in the past.
You may wonder - what is the first step in financial planning?
Below, we'll outline the first step in financial planning.
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