The Similarities Between Fitness and Personal Finance

December 20, 2021  Financial Pilgrimage

What do physical fitness and personal finance have in common? On the surface, there are a lot of differences between your fitness program and financial wellness. One involves income, spending, saving, and investing. The other involves physical activity, nutrition, and overall health. The reality is that financial fitness (and just fitness) are some of the most critical areas of our lives. It’s no coincidence that there are striking similarities between fitness and finance once you start digging in.

Financial Fitness is Behavioral

How to Create Wealth during a Recession

By  Financial Imaginer

There’s no time like the present to create wealth. Most wealthy people know that it’s during difficult times when possibilities for building wealth abound. So if you’re looking to create some serious financial stability for yourself and your loved ones, don’t wait – don’t let this crisis go to waste – start now. Learn how to create wealth during a recession with the following 8 tips.

1. Never let a Crisis go to Waste.

When it comes to creating wealth, there’s no such thing as a bad time – only good opportunities disguised as bad times. So instead of being afraid of a recession, use it as an opportunity to create wealth. Change your goggles, instead of using your fear glasses, look for opportunities!

Crash at Mad Wallstreet

By Financial Imaginer

In the late 1990’s we used to go to a club called “Mad Wallstreet” in central Switzerland. It was the club everyone loved to go to, and it had a really cool feature: Prices for drinks used to be shown like stock market tickers. They fluctuated in line with demand, the general mood on the dance floor and it played with our emotions. We learned how to take advantage of a market crash!

The more people ordered drinks, the higher the prices would go. If at one point demand started to fade away, the guys behind the counter would initiate a stock market crash. Whenever that happened, all the drinks from simple beers to cocktails and shots would suddenly be incredibly cheap and the crowd would cheer!

Playing the Game of Life: Comparing Life to Video Games

5. November 2022  Financial Imaginer

In life, we all want to win. We all want to achieve our goals and be successful. But what does it take to win the game of life? In this blog post, we will explore the concept of how to play the game of life like a video game!

Just like in video games, in life, you can become whoever you want to be, look however you want, and upgrade yourself as you see fit. The beauty of playing video games is that you can play as many lives as you want, and enter into as many different worlds as you please. In real life, you just got 1 Up!

12 Life-Changing Millionaire Lessons I Learned From Working with the World’s Richest People

December 10 2022 Financial Imaginer

Over the years, I’ve had the opportunity to meet hundreds of millionaires and learn valuable millionaire life lessons from them first-hand on and off my job as their wealth manager. While their backgrounds, lifestyles, and fortunes vary greatly, there are some common traits that all millionaires seem to share.

In this blog post, I will share with you 12 life-changing millionaire lessons that I’ve learned from the world’s richest people.  My goal in sharing these lessons is to “inspire” and help you become the best version of yourself and build a path to financial freedom!

I Received a Sizable Inheritance How Should I Invest It?

Lee Huffman   Wed, January 18  2023

When a loved one passes away, you may receive an inheritance. This money is a token of the person’s appreciation for you and often represents a lifetime of savings. When you’ve received a large sum of money, there is a temptation to splurge on dream vacations, shopping and other fancy items. While it may be okay to spend a portion of it that way, the best option is to save and invest the money for your future. Here’s how to invest your inheritance to become set for life. A financial advisor can give you valuable guidance on how to make the best use of an inheritance.

Someone Stole My Inheritance. What Are My Options?

Rebecca Lake   Wed, January 18, 2023

Receiving an inheritance could provide an unexpected (or anticipated) financial windfall. There’s just one thing you may have to contend with – people attempting to steal what you’ve inherited. Inheritance theft is sometimes a very real problem for people who inherit money, property or other assets. Inheritance theft laws exist to protect heirs and beneficiaries. If you’re set to receive an inheritance or have received one that was stolen from you, it’s important to understand what legal rights you may have for getting those assets back. A financial advisor can help you with estate planning to minimize conflicts after your death.

What Income Level Is Considered Rich?

Rebecca Lake  Tue, January 17, 2023

Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or “fun,” but what income is considered to make you rich? The answer can depend on several factors, including where you live, what type of job you have, how much you save or invest and how you typically spend your money. If you’re looking for help to reach your financial goals and be considered “rich” in your own eyes then consider building a plan and working with a financial advisor.

Knowing Your (Net) Worth

ZachP  Dec 30, 2022  THE SYTCH

Keeping track of your net worth is equivalent to having an annual checkup with the doctor that includes bloodwork.  Getting the annual doctor checkup may not be necessary, but if you want to optimize your health as you age, it is vital.  How do you avoid high blood pressure becoming a major issue?  Identify it as early as possible and treat it.  The same goes for many other ailments or conditions as you age, such as issues with your sugar levels.

Think of tracking your net worth like the annual doctor checkup.  It may not be a necessary step to achieve financial success for some, but if you want to get nerdy with your finances and optimize every dollar, tracking your net worth is a must.  Knowing your net worth every year requires you to do a deep dive into your finances. This forces you to diagnose any issues you are having.

4 Common Fears About Money To Overcome

Heather Taylor   Tue, January 17, 2023

Most people share certain types of financial fears in common. Some will be able to overcome these fears with support, but others will let fear rule the rest of their lives. Leading a life where financial fears take top priority can keep you trapped in an unhealthy financial mindset. It can even lead to losing money throughout your lifetime.

Even if you feel scared to do it, it is possible to break the cycle and develop a healthy financial attitude where money is viewed as a tool that can help, not hinder, you. Here are some of the most common financial fears and what it takes to overcome each one.

Where to Exchange Currency (It’s Not the Bank!)

January 13, 2023

A few weeks ago, I walked into Chase Bank in Florida and asked to withdraw cash from my checking account in the form of Australian dollars for an upcoming trip. The branch manager smiled and quoted me a currency exchange rate that was seven percent worse than the accepted market rate. As if that weren’t bad enough, he also told me I’d have to wait 2 business days to get my devalued money.

This type of inefficiency isn’t unique to the Chase foreign currency exchange. Almost all major banks are dinosaurs when it comes to financial technology, which is why Lauren and I go elsewhere for things like fee-free investment accounts, higher-interest savings accounts, and now — international currency conversion.