If your children or grandchildren never feel the sting of running out of money, will they ever learn to manage it? For families with wealth, this is one of the more underappreciated challenges in raising up the next generation. I’ve seen this firsthand from many clients who express concerns that their grandchildren don’t seem to share the same financial values they do…

Most clients I’ve met with have two reactions when their teen child or grandchild lands a job. The first is pride, and the second is worry about time management and homework.

How much work is too little? Too much? It turns out, this question has been researched. I recently came across this article from The University of Minnesota and a few other institutions that have followed this topic for decades…

Real estate plays a significant role in the economy. It affects homeowners, renters, buyers, and sellers. So, it’s worth paying attention to signs of improvement. 

After a long stretch of sluggish activity, there are early indications that the housing market may be finding its footing again. Most recently, home sales rose meaningfully, marking the strongest reading in nearly three years…

Last week I came across this data point. Simply asked “How do you perceive your situation now and in the future,” 1/3 of American’s reported saying “I’m thriving.” I found this shockingly high. Only 7% said they were “suffering.”  

This year looked a little different on the reading front. With a newborn at home, my “books read” mainly came in the form of audiobooks on walks around the neighborhood and in the car on the way to work. It wasn’t a big reading year, but there were still a few that really stuck with me…

One of the most common conversations I’ve had with clients this year has nothing to do with their finances. It’s about their children’s struggle to enter the housing market.

Many of my clients are in a strong financial position with stable housing and meaningful savings. But they look at the current housing market and worry that their young adult kids, just starting careers or families, are being priced out of homeownership. It’s understandable, given that the cost of homeownership has skyrocketed relative to renting in recent years…