Q1 2021 Quarterly Newsletter

By Kathy Longo, CFP®, CAP®, CDFA

Wednesday, 14 April 2021

Q1 2021 Quarterly Newsletter

News From Flourish

Spring has sprung in Minneapolis (minus this little cold snap we’re digging out of) and we are grateful to see the trees budding and hear the birds chirping. Perhaps everything feels a little brighter as we seem to be emerging from a long and challenging year of global pandemics, market volatility, civil unrest, and of course the many personal challenges we have all had to face. 

Q4 2020 Quarterly Newsletter

January 2021
By Kathy Longo, CFP®, CAP®, CDFA
Tuesday, 12 January 2021

Q4 2020 Quarterly Newsletter

News From Flourish

We made it through 2020! And we all deserve a feather in our caps just for that. This last year has been the most tumultuous in recent memory, if not ever, and while it came with its share of challenges there have also been some things to celebrate or, at least, reflect upon and appreciate. 

For me, it has been a joy to have my family around more often and the addition of our puppy, Sunny, has brought levity in a time of gloom. The addition of three new employees, Joey, Kate, and Grant, has been wonderful for my firm, our clients and has enabled each member of our team to devote more time and energy to the things we love to focus on professionally and personally. We have added new ways of communicating with our clients and others who value our thoughts and perspectives with the introduction of the Flourish Financially Challenge and Flourish Insights. Please have a listen and subscribe on Apple podcasts, your Alexa device, or wherever you get your podcasts. This project has been rewarding and a learning experience for Jay and myself and we hope you are enjoying it as well. If you wouldn’t mind, we would love it if you would take a moment to rate the podcasts and leave a review. Your review will help us expand our audience and our reach. 

Personal Financial Habits and How the Coronavirus May Have Changed Everything

Here are five areas of finance that may be viewed through a different lens in the aftermath of Covid-19.

By Kathy Longo, CFP®, CAP®, CDFA
Monday, 11 May 2020

Personal Financial Habits and How the Coronavirus May Have Changed Everything

In just two short months the world that we all knew has changed. It is likely to stay changed in many ways for many years to come. As with anything that has a dramatic impact, we try to look at ways we may grow or learn from the upset. When it comes to personal finances, investing, retirement, and our overall attitudes toward money, I wonder what impact this pandemic will have on couples, families, and individuals.

Whether you have a lot or a little, no one was left untouched by this virus and the economic toll that it has taken. This time in our history will leave an indelible mark on our emotions and the way we think about and interact with money. If you’ve just retired, you may have seen a significant drop in your retirement investments that you are counting on to last you several decades. If you’ve just graduated from college and you were on the hunt for your first career job, you may instead find yourself back at home with mom and dad. If you’re an actor or musician your prospects for the moment are nil. If you are fortunate to have a job that is stable and you are working from home you may be fully aware that the raise you were about to ask for is not likely going to happen this year.

So, what does this mean for the role of personal finance in our lives? For each of us, it may be a bit different, but I have identified five areas of finance that may be viewed through a different lens in the aftermath of Covid-19.

Managing Emotional Reactions in a Time of Financial Uncertainty

Don't Make Investment Decisions Based on Fear

By Kathy Longo, CFP®, CAP®, CDFA
Thursday, 16 April 2020

Managing Emotional Reactions in a Time of Financial Uncertainty

One thing we all know for certain is that we are living in uncertain times.

The COVID-19 pandemic has turned our world upside down and we are each feeling it in very personal ways. One shared concern among many people, however, is the financial impact this public health crisis will leave in its wake. Despite the emotional tornado we’re all living through it’s important to remember that managing our emotional reactions is one of the best ways we can contend with times of uncertainty so that we can come out the other side having made smart decisions based on more than our fears.

For many people, fear is magnified at the moment, especially where investments are concerned. We’re living in a scary time. However, we believe turbulent times call for a calm and cool approach to personal finance, reminding ourselves of the lessons learned from prior crises, and getting back to basics. Although there is much we cannot control right now, it’s a great time to refocus on the things you can.

So, if you’re feeling unsettled about money matters at the moment, channel more energy into these five areas of your personal finances:

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