Financial Blog

Content designed to inspire you while you journey to financial freedom.

take pride in your work

Take Pride In Your Work

To survive, the American Cowboy’s ethos demanded an immeasurable capacity for hard work. Just like the cowboy, our ultimate success—financial freedom— requires an arduous journey that is full of hard work ...
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daily courage

Live Each Day With Courage

We must attack our hardships head-on, living each day with courage, even under seemingly impossible circumstances, and move forward seeking financial rewards and a better life ...
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why chisholm

Code of the West

The iconic cowboy represents the best of America— courage, hard work, and overcoming insurmountable challenges. Their struggles are symbolic of the countless challenges we face in our own lives on the road to success ...
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man behind the curtain

Pay no attention to that man behind the curtain.

Ever want a peak behind the curtain of the financial planning industry? Observations and a behind the scenes take on the convoluted world of financial services ...
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advanced tactics

Financial Planning Advanced Tactics

"Advanced tactics are just doing the basics well. " How the second law of combat, SIMPLE, applies to financial planning ...
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SWOT Analysis

SWOT Analysis & Your Financial Plan

Time to apply SWOT analysis to all those personal financial planning goals ...
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OODA Loop

OODA Loop Your Financial Plan

Applying military tactics and training to life, business, and your financial planning provides valuable insight and advantages. Battlefield tested, these tactics were developed under stressful and extreme environments. Use the OODA loop to evaluate your decision making abilities and how they may be impacting your financial planning objectives ...
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prioritize and execute

The Third Law of Combat and Your Financial Plan- Prioritize and Execute

The third law of combat, prioritize and execute applied to your financial plan. Process of implementation and success includes contingency planning, maintaining a strategic picture, adapting to changing circumstances, and avoiding target fixation ...
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Approach

Hardcore Navy SEALS, the Laws of Combat, and Financial Planning

After attending the Muster 005 in Washington, DC, a leadership conference hosted by Jocko Willink and his company Echelon Front. I apply their ethos, extreme ownership to financial planning. Success requires we apply unmitigated discipline to achieve our objectives in business and in life. Their extreme ownership doctrine consists of ...
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volatility and market noise

Tuning Out the Noise

When the market is volatile and headlines negative, it can be easy to feel overwhelmed by the relentless stream of news about markets. Being bombarded with data and headlines presented as impactful to your financial well-being can evoke strong emotional responses from even the most experienced investors. Remember the importance ...
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Why Should You Hire a Money Coach?

Why Should You Hire a Money Coach?

More often, people are turning to professionals for guidance and advice to improve every aspect of their lives: personal fitness trainers, celebrity chefs, interior designers, and “super nannies” are some examples. Financial planners have long been great resources for investments and insurance, but there can be so much more to ...
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house purchase

I bought a house and now I have $49 left in my bank account.

I bought a house in extremely overpriced San Diego county. I’m very excited about the house and its location, but a month after moving in, I have $49 left in my bank account. I'm a financial planning "expert", so where did I go wrong?! ...
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financial checkup

A Checklist for Managing the Post Divorce Financial Landscape

For those going through divorce, it seems like after spending months, if not years, negotiating, litigating, and discussing your divorce agreement once the agreement is signed and stamped, the work of divorce should be over.  Despite all the work and stress, completing the division of your assets does not end once ...
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celebrity divorce

Celebrity Divorce and What to Learn From Them; The Brangelina Breakup

This past summer, Angelina Jolie opened up to Vanity Fair about her divorce from Brad Pitt. Jolie said, “It’s just been the hardest time, and we’re just kind of coming up for air. [Her new home in Los Angeles] is a big jump forward for us, and we’re all trying ...
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military retirement system

The New Military Retirement System in a Nutshell  

Based in San Diego, many of my clients, colleagues, and friends are service members.  This article provides a brief outline of the new military retirement system that began in January.  This new system blends a defined benefit annuity with a defined contribution plan through the Thrift Savings Plan. If you ...
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new tax plan

What the New Tax Plan Means for Your Property Taxes, Deductions, and Exclusions

Property ownership can provide generous tax benefits and with the passing of the new tax plan, many are unsure about how these benefits may change or disappear.  Here are three key tax advantages commonly associated with real estate and where they stand under the new tax plan. Mortgage Interest Deduction ...
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financial failure

Financial Failure Can Make You Better If You Understand These 5 Things

Financial failure can mean different things to anyone experiencing financial strain.  For purposes of this article, I define a financial failure as a situation caused by a choice or circumstance that was either unpreventable or the outcome unforeseeable and it leaves the victim fearful they will not get through the ...
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financial check-up

Five Steps to Succeeding at a Financial Goal

Like many successes in life, achieving a financial goal requires patience, persistence, and at times, reassessment.  I use five steps with clients to help them determine and succeed at their financial goal, whatever it may be. Step 1: Clearly define your goal. Many of us have vague goals we plan ...
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financial review

2017 Bulls and Bears- A Financial Review

For many investors, 2017 was a banner year for our portfolios.  Underlying much of this are some interesting stories about the US market and its players.  Here is a financial review, a few of the most interesting stories of the US economy end of 2017. Bitcoin and the Rise of ...
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bitcoin mania

To Bit or Not to Bit: What Should Investors Make of Bitcoin Mania

Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios. Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, no paper notes or metal coins are involved. No central ...
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stock compensation

Stock Compensation & Divorce

Dividing stock compensation during the divorce process is one of the most complex issues clients face and it is important divorcing parties seek the proper advice and expertise.   Within this article the term “stock options” and “stock compensation” are interchangeable and describe company benefit plans that award employees through stock ...
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investment advisor

Five Biggest Mistakes of Not Hiring an Investment Advisor

You are more likely to buy high and sell low. Countless studies have shown, many investors trail market returns as they mistakenly rely on the news cycle for investment effectiveness. This compels investors, excited by the media hype, to enter the market when the market is already at record highs.  ...
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divorce navigation

Should You Refinance? Jenny Erdmann quoted in NerdWallet

Following is the full story with tips from financial planner, Jenny Erdmann as quoted in Nerdwallet. 8 Tips for Refinancing as Mortgage Rates Rise So you want to refinance, but mortgage rates are rising. Don’t worry — you haven’t missed the boat on your refi opportunity. Mortgage rates are still ...
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Chisholm Story

Chisholm Story

While the trails of yesterday are now major highways, the challenges in our daily lives to achieve financial success requires the same dedication as the cowboys on the trail. As pioneers of our own financial destiny, we urge our clients to look at financial planning through this lens, and to ...
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