In the News

Six Simple Ways Work Toward a Balanced Life


Ah, the balanced life. We’ve all heard of it and may even know someone we think has achieved it. It’s an enviable place where work, family, and self are all perfectly balanced.


By Kathy Longo, CFP®, CAP®, CDFA
Friday, 15 March 2019

Six Simple Ways Work Toward a Balanced Life

“Imagine life as a game in which you are juggling some five balls in the air. You name them — work, family, health, friends and spirit and you’re keeping all of these in the air. You will soon understand that work is a rubber ball. If you drop it, it will bounce back. But the other four balls — family, health, friends, and spirit — are made of glass. If you drop one of these, they will be irrevocably scuffed, marked, nicked, damaged, or even shattered. They will never be the same. You must understand that and strive for balance in your life.” ―Brian Dyson, former vice chairman and COO of Coca-Cola

In this idealized life, jobs are satisfying without invading on personal time, plus there is time for exercise and hobbies…and family…and sleep. Does that balance seem attainable or laughably out of reach? For most of us, the lack of balance in our life comes from the inability to equally distribute our energy to everything that needs us. Family needs your attention, so work suffers. Work is demanding, so family suffers. Work and family demand all your attention, so your self-care suffers. In this article, we will go over some basic tips that can help you work toward that mythic balance. You may be surprised at how simple and yet effective they can be.

Why We Lie About Money


“Oh, what a tangled web we weave, when first we practice to deceive.” – Sir Walter Scott


By Kathy Longo, CFP®, CAP®, CDFA
Thursday, 28 February 2019

Why We Lie About Money

Money can be both a loaded and uncomfortable topic. We are so conditioned to be private with our paychecks and piggy banks that we may not even disclose all of the details to our spouse or partner. In fact, 2 out of 5 people reported lying to their partner about money or committing what is called financial infidelity.[i] Of course, not all financial infidelity is the same, and buying something and hiding the receipt is much different than having a secret credit card, or a secret bank account. Regardless, before we go any further, it’s important to remember that whether the secret is little or big, there is still a choice being made to actively withhold financial information.

Fact: 15 million Americans admit to having a secret credit card or bank account.[ii]

Being completely open can be scary and leave you vulnerable to judgment or reprimand but being deceptive to avoid discomfort may destroy your relationship. Financial infidelity often starts small and grows. The dishonesty may be rooted in shame, or pride, or even power. Whatever it is, finding the source of why financial infidelity happened, or why a person lied, will be vitally important if a relationship wants to survive.

Good Debt, Bad Debt


“Debt is one person's liability, but another person's asset.” -Paul Krugman, American Economist


By Kathy Longo, CFP®, CAP®, CDFA
Sunday, 17 February 2019

Good Debt, Bad Debt

 

We hear it all the time, everywhere, that Americans have too much debt. The debt of individuals 65 or older has risen 48% between 2003 and 2015.[i] The student loan debt hit $1.53 trillion in 2018.[ii] Americans now also have the highest credit-card debt in U.S. history with over $1 trillion owed.[iii] Considering that household debt hit a record high of $13.5 trillion[iv] you can see we are dragging a lot of debt around with us. What’s important to remember is that not all debt is created equal. In fact, some debt may be good. 

Discussing Finance With Family

Kathy Longo Shares Her Expertise With Barron's

Thursday, 10 January 2019

Discussing Finance With Family

Always an advocate for open conversations around money and financial planning Kathy Longo recently shared her expertise with Barron's for their article, How to Talk to Your Family About Money. 

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