A rich life is not just about nice things. We can find a balance between a fulfilling life and saving for the future by being clear on what truly matters to us both now and in the long run.

Most individuals pay their bills and then invest if there is anything left over. A better wealth decision is to pay yourself first by putting a percentage of money away before you pay your bills.

Early in my investing life, I always tried to find the next Amazon, Netflix, or Microsoft. I found stocks that did well in the short term, chased momentum growth stocks, and invested in smaller companies thinking I was smarter than the rest of the market.

Many individuals make too much money to contribute to Roth IRAs, because of the income limits imposed on eligibility. What many don’t know, is that there is a strategy called the Back-Door Roth IRA that allows anyone to contribute to a Roth IRA without income limits.

If all of your money is in a Traditional 401k, every dime you take out when you retire will be taxable. We don’t know where tax rates will be 10 or 20 years from now, so having all your money in a tax-deferred account doesn’t give you a lot of control.

Inheriting a significant sum of money can be a life-changing event, but it's important to approach it with a frugal mindset to ensure long-term financial security. The statistics show that it takes people who inherit money about 18 months to spend it all. Don’t be a statistic.

If you ever panic and get out of the market, you will always find a reason to get back in. It is impossible to time the market. You have to be right twice. You have to get out at the right time (near a high) and get back in at the right time(near a low).

Investing with borrowed money or buying on margin is one of the greatest ways to 2-3x your returns but it also is a good way to 2-3x your losses. I learned this valuable lesson early in my investing life along with many others in the tech boom and bust from 1999-2000.

What does a financial advisor do?

An advisor sits down with you and finds out what is important to you and then will create a financial plan to help you reach your financial goals.

In this Episode, I will be discussing a crucial wealth decision that not many of us really think about much, but it is essential to understand so you can get a better handle of your finances. Know Your Money Values.

Mindset is a big part of building and keeping your wealth. In this episode, I discuss how to remove the money blocks that may be in your way from building and keeping your wealth.

To improve your relationship with money, you need to look at the beliefs and mindset you have about money. Without doing this, you can learn all you can about Roth IRA’s, or stock investing or ETF’s, but their will still be a piece of the puzzle missing that will hold you back from making the right decisions.

“Without a future well-defined, we take hesitant steps” -Jim Rohn

A rich life is not just about wealth. I have a philosophy on life, health and wealth that I call the M.A.D.E Life Philosophy

A lot of the issues we have around money, comes down to the standards we have set for ourselves around money. This goes for our personal relationships as well as our health.

Episode- Creating a Compelling Vision of Your Future involves creating a story of how you want you life to go. A vivid story that pulls you from the future to reach your goals in the long-term and be on your way to live a richer life.

In this episode, I reveal the 9-Step Wealth Decisions Plan to help you achieve financial freedom.

Welcome to the most critical time of your investment life. But enjoying a fulfilling retirement lifestyle is more challenging than it used to be. Multiple obstacles must be navigated.

There are many crucial retirement decisions to make once you retire to make sure you stay comfortable retired. Listen to this week’s episode to learn more

We make money in 3 ways. Our income, our savings, and our investments. Find how to make your money work harder than you do.

Having the right mix of investments for your stage in life is a crucial step especially when nearing retirement. So what is the right mix? It all comes down to your risk tolerance and goals.

There is such a thing as having too many investments and being too diversified. In this episode, I discuss how many ETF’s, mutual funds, or stocks you need to have a solid portfolio.

In this episode I discuss the fact that you are going to be investing through a variety of investment cycles and it won’t always feel good to invest or stay invested.

In this episode I discuss how to turn your nest egg into a paycheck and what withdrawal rate is safe to take to make sure you money lasts.

Having more money in Roth IRA’s will help you create a more tax-efficient income in retirement, create a lasting legacy, and have smaller RMD’s from your IRA later in life.

A proper financial plan will give you the ability to stress-test your plan against different scenarios- like higher inflation, higher taxes, unexpected medical expenses, or a sudden drop in the markets.

Passive investment Strategies are an important component of a portfolio to keep fees low. The great debate is whether active mutual funds are worth the extra cost.

At Momentous Wealth Advisors, we believe one of the keys to successful investing, is having a set of investment principles that guide important decisions over time and to have a process for investing centered around a financial planning first approach.

Financial Planning is not just a one-and-done thing. It is an ongoing process to ensure you are on track to reach your most important financial and life goals. It involves accessing where you are currently and where you want to go.

Credit card debt is a wealth killer. The average interest rate on a credit card is a whopping 28%. Using the Rule of 72, which is an easy calculation that shows how many years it would take your money to double is an easy way to illustrate the wealth-destroying characteristic of credit card debt. Only buy things that you can afford to pay off.

Comfortably managing your own investments? I discuss the one-time financial plan and the value of knowing where you stand.