Yes, Investing Is for You Too…

Everyday a headline is written proclaiming the day’s direction of a volatile stock market. In this head-spinning maelstrom of alarmist declarations, casual investors are quick to adopt a risk-adverse approach to investing.  

In bull and bear markets there are often large portions of consumers that feel unaffected by stock price performance. It’s easy to feel as though investing is far away and out of reach. You’re not a hedge-fund manager or a day-trader and you don’t spend your leisure time pouring over the Wall Street Journal.

So what part do you have in this? The simple reason– investing seems complex and intimidating to most people because it is intended to appear that way. Don’t make the mistake of believing that you cannot be equipped to start a life-long journey of growing your money.

Investing is more diverse than buying publicly traded stocks and keeping your finger on the pulse of the bond market. Understanding your investment options is a key component in planning your financial future, cultivating your assets, and boosting your income. Take the next step and start learning how to make your money work for you today!

Debt: More Complicated Than it Appears

In a world of ever-increasing extremism there are often two basic approaches to debt management. One is a lender’s dream—rack up debt with impunity so long as you have the income to support it. The second is equally extreme—treat debt like a ticking time bomb and avoid it like the plague.

While these two methodologies are diametrically opposed to one another, the one commonality they share is that they are both completely unrefined. One leaves you cash-strapped and in living in subjugation to your creditors, the other, unable to act on potentially profitable investments, leaving behind a trail of missed opportunities.

A proper approach to debt management is crucial for everyone. Financial literacy is not one-size fits all, pack your financial toolbox with everything you need to properly manage your debt and secure your financial future.

New Product!

“An Investment in knowledge pays the best interest.”

–Benjamin Franklin

With a historic rise in credit card debt, student loans and volatile investment markets, the need for financial literacy has never been greater. While many young people recognize their need for these money-management skills, dedicated coursework is rarely found in formal education. This void gives rise to poor financial practices being passed down from parents to children. These pitfalls are avoidable when you are prepared to conquer the road ahead.

Logan Financial Services is now offering a six week course for young adults, aimed at filling their financial toolboxes. These tools will give them the confidence to thrive as they enter financial independence. This course covers topics such as budgeting, debt management, investments and others.

The early years of adulthood are pivotal in establishing a strong financial foundation upon which to build a lifetime of financial security. Take the first step in laying that foundation– contact me to enroll in this exciting new course today.

Change Your Life in Ten Minutes

No, this is not the title of a self-help book and I don’t spend my mornings listening to Tony Robbins’ guided meditation. But I am crazy enough to believe that a person can change their life in ten minutes.

Most of us can think of at least one thing in our lives that we aspire to have, be, or do. It is something that we spend a disproportionate amount of our mental energy on– imagining a world in which what we want is our reality. For most people that is where the journey ends; all too few get to experience the joy of watching a dream materialize before their eyes. Such is the difference between goals and wishes– wishes rarely come true.

Transforming our image of the future into our present is a process; and the most crucial element of that process takes only minutes, a pen, and a little courage.

Step #1 Write it Down

Writing down your goals may seem unnecessary, insignificant, and quite frankly, stupid. You’ve spent weeks, months, maybe even years pondering this goal. You’ve discussed it with friends, family, coworkers, and now all of the sudden you need to write it down?!

Believe it or not, yes. Writing down exactly what you want and when you want it completely changes the way you see your goals– it instantly transforms from pure abstraction into a tangible object that you can see and hold. It may sound strange, but seeing your goal expressed in the written word on a piece brings it to life. No longer does it exist only in your mind, now it becomes real, specific, and focused. Don’t climb just any mountain, pick out the one you want to scale.

Step #2 Make a Plan

By far the most difficult and time-consuming task in goal-setting is making a plan. Plans are specific, feasible, and measurable. All of these things are in opposition to wishes. Wishes need not conform to rational thought or argument; they can be as haphazard and impractical as our minds allow.

Plans are an exercise in pragmatism– what needs to be done, what can be done, and what will be done? The answers to these questions force your mind to focus on the challenges facing you and instinctively your natural problem-solving muscles begin to flex. The path toward the summit begins to come into view and the climb begins.

Step #3 Tell Somebody

The importance of an accountability partner for goal achievement is well-documented. Most people have no problem with the concept that an impartial third-party will likely help keep them motivated and stay the course.

But, sharing that vision with someone requires vulnerability, something we are often keenly interested in avoiding. Having the courage to open yourself up to those emotions will not only provide additional support for your journey, it will foretell your response to unforeseen challenges on your way up the mountain. Be brave enough to be accountable to someone and enjoy the view from the peak.

Financial Goals

There is no step-by-step instruction manual for achieving what you want in life but there are steps for setting goals. Stop having financial wishes; start building your financial goals today. Don’t know where to start? I’m here to help.

Who needs this?

Financial literacy statistics have become widely publicized in recent years. There is a digital mountain of data highlighting the financial straits that burden millions of Americans. The skills, or lack thereof, that give rise to these troubling statistics are indicative of a complete absence of financial education in our nation.

The goal of financial literacy is not to homogenize money management but rather to empower the individual to make sound decisions with their resources in order to better their lives.

When considering engaging with a financial coach consider the relationship you have with your money– do you feel in control and encouraged by you financial life or does it cause you constant anxiety and frustration? How do your financial decisions impact your relationships? What are your financial goals and what progress have you made in pursuit of those goals?

The impact of financial literacy is not limited to your bank account, it affects every part of your day-to-day life. Don’t put your goals on hold, take the first step on the path of a brighter financial future.