3 Ways to Grow Your Portfolio

According to experts, the majority of working Americans are not saving enough to retire comfortably. As a matter of fact, they say it’s hard for us to even come up with $1,000 in the event of an emergency. If we can’t fund a short term emergency, then surely we are not going to be able to sustain a long retirement.

Here are THREE ways to grow your portfolio:

SAVE more! You’re probably not saving enough.  A good rule of thumb is to save at least 10% of your income and work your way up to 15%.  Ten percent may seem like a lot to start with especially if you have not been saving at all.  I say start saving as much as you can, even if it’s 5%.  When you get a raise, SAVE YOUR RAISE!

Don’t feed the flames of FEAR.  In order for your money to grow, you have to INVEST in the Stock Market.  The Stock Market by nature will have some volatility, however you have control over how much volatility your portfolio is exposed to. If you make consistent contributions, diversify your portfolio and take on some level of risk, your portfolio will grow over time.

MAX out your retirement account, don’t take AWAY. While you are working and accumulating assets, NEVER take distributions from your account. Trust me, you are doing yourself a disservice.  You will pay taxes and most likely a penalty.  It is a painful hit to your portfolio and ultimately your retirement. Even if you pay yourself back, the money you took out is not invested so it’s not getting the opportunity to grow.

By implementing any one of these tips, you will put yourself in a better position to retire.  Implementing ALL three will significantly increase the probability of reaching your retirement goal.

Pre-Nup or Nah?

Pre-nup is short for Prenuptial Agreement.  A Prenuptial Agreement is “an agreement made by a couple before they marry concerning the ownership of their respective assets should the marriage fail.”  Those last three words, “should the marriage fail,” are what gives a pre-nup such a negative connotation.  Some would even go as far as saying a pre-nup assumes your marriage is going to fail.  It’s negative energy, it’s a bad vibe, not romantic, it’s for people in Hollywood, doom and gloom….yada, yada, yada.  Maybe some of those concerns are valid, but the numbers don’t lie.  The current divorce rate is hovering around 50%.

I get it.  No one wants to think about the END before they even BEGIN.  It’s like discussing your Will—and deciding how you want to divide your assets after you pass away.  It may even feel like you are going against your religious beliefs–I get that too.  Trust me, sometimes it’s necessary. Read the whole definition again. It’s the first part of the definition that should’t be glossed over.  The part about “ownership of their respective assets”—that’s what I, as a Financial Planner focus on.  It’s about PROTECTION of assets that you have worked hard for or in some cases, assets you inherited.  Prenuptial Agreements are especially beneficial for couples who are older, previously married or already have children.

Some of the benefits may include:

  1.  Protection of your property like retirement and investment funds
  2.  Protection of your business
  3.  Settlement of debts after the marriage ends
  4.  Settlement of assets with sentimental value like pets and inherited property
  5.  Agreements concerning affairs or other activity outside the marriage

Prenuptial Agreements can be as basic or as advanced as a couple desires.  Although, I only mentioned the pros of having a pre-nup, there are some cons.  Based on my experience, it’s a case by case scenario. Every couple should consider whether it’s necessary for their union.

I’m here if you need me 🙂


4 Ways to Invest $1,000

Hey friends!

Awhile back, I did an interview with NBC affiliate WESH 2 News in Orlando, FL.  I gave thousands of viewers a few quick ideas of how to invest $1,000. From investing in the Stock Market to investing in yourself, I offered a tip for everyone.  Investing $1,000 is only a start but it’s a step in the right direction when you are working on improving your financial circumstances.

Watch my video here:


I’m here if you need me,




Millennials & Money

Millennials are the largest generation in the U.S. labor force.  They are making a significant contribution to our economy.  According to experts, millennials are:

  • heavy on social media
  • making large purchases online
  • purchasing name brand items
  • traveling more than previous generations

The one thing that millennials aren’t doing is SAVING.  Unfortunately, saving for retirement is not at the top of their “to do” list. Financial professionals, like myself, are hoping to change that. Here are a few things that millennials should be doing now:

How kids can earn cash over the summer

Summer is just around the corner and school is coming to an end. Many parents will be looking for ways to keep their kids busy.  There are the normal summer camps, sports camps and family vacations, but what about making money? How can kids make some extra cash?  After all, we want our kids to be financially smart and make good money decisions–right?  Right!

Here are a few ideas that can work for kids of different ages:  http://www.wesh.com/news/how-kids-can-earn-cash-over-the-summer/39716324