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Financial Freedom!

Here’s what I’ve been reading this past week or so:

7 Steps to Financial Freedom

Financial Freedom. This tends to be the number one goal for most of my clients. The freedom to chose when and how they want to retire. The freedom to chose to downshift their career or to take a risk and go for their dream job or business. The freedom to put their heads on their pillows at night and not worry about what the economy or market is doing. It shouldn’t be surprising that relief from the stress of being unsure of what to actually do with their money is also high on the priority list for clients. For those of you who want to do it on your own, this article helps with steps you can take to get closer to financial freedom. For the rest of you, finding the right financial guide and partner is your next step. I may know someone. ? If I’m not the right partner for you, I will happily refer you to someone trustworthy and awesome who is.

What to Consider When Deciding Between a Revocable and Irrevocable Trust

When you hear “trust fund”, do you immediately think of a bratty rich spoiled kid without a work ethic or sense of reality? Paris Hilton, anyone… just sayin’. However, trusts can be great estate planning tools for many people who want control of who receives their assets when they die or are incapacitated. Another benefit of a trust is to bypass probate, which can be expensive especially if you live in California, and to protect the privacy of your assets. If your assets pass through probate, it is public record and anyone can get the information. According to the article, a revocable trust is like the “minivan of estate planning… multipurpose and used more by the upper-middle class.” Depending on your situation, trusts may be a good option to discuss with an attorney.

There Are Six Different ‘Money Types’. Which One Are You?

Our financial lives directly effect our mental health and if we feel happy or not. This article explores different money personalities that go beyond “spender” or “saver”. It gives you ideas on how to make smarter financial decisions based on your type. As with any Cosmo magazine type quiz, you are likely more than one type. Which ones are you?

Fully Vaccinated but Anxious About a Return to Normal Life? You May Have ‘Cave Syndrome’

A couple weeks ago I went on my first plane trip since February 2020 for work. Then I spent 2 days with 25 other human beings who weren’t my immediate family before flying home. I won’t lie, it was overwhelming. Re-entry to semi-normal has been awkward and anxiety producing. As someone who loved living in the sea of people in downtown Chicago and San Francisco and who loved to travel, it was weird to be so thrown off by something that used to never bother me. So it was timely to read about “Cave Syndrome” in this article. I have it, but am making progress. ?

Don’t Wish for Happiness. Work for It.

“Rumination is to be stuck; self-reflection is to seek to be unstuck. The trick, of course, is telling the difference.” This line seemed very profound when I read it. Maybe it’s just the mood I’m in today. Thought I’d share. Another tidbit I liked was to reprogram yourself for action. Let me know your thoughts!



BW Financial LLC dba BW Financial Planning is an Investment Adviser registered with the State of Colorado.

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Behavioral Finance, Estate Planning, Retirement