Four Financial Moves For Government Workers During The Shutdown

Tesla came out with a big announcement the other week that they were laying off 7% of their workforce.  We never really know when our company is going to do that reorganization, deliver some pink slips, or dust off a set of severance packages to get some people out early from the company.  We can’t always predict when these things are going to happen, but we can certainly prepare by having a financial plan in place. Do you know how much you have in emergency reserves? How much monthly income would you need to survive if you didn’t have a paycheck for 3 months? What is saved up in all of your retirement plans? What are all of the benefits you have access to currently at work? These are just a few of the questions you should be asking now in the event that something happens to your job and it’s no longer there to pay the bills.  With the ...

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What’s the financial impact of a mosquito bite?

At Mr. Mister Mosquito Control, we believe mosquitoes are the worst creature on the planet. We have data to back it up—mosquitoes are the deadliest animal on Earth, killing over 800,000 people last year and, what’s more, Atlanta, GA was given the title of “American City With The Worst Mosquito Problem.” So what does that mean to my wallet you may ask?  In the mosquito world, we follow the ROE scale (Return on Enjoyment). All your hard work and all your investments are seen through the lens of increasing ROI. A higher ROI should directly correlate to a higher ROE.  ROE investments like swimming pools, Big Green Eggs, playsets and lake houses should result in a positive ROE.  Simple pleasures like having a catch with your child in the backyard, family dinner on the patio, having a sunset cocktail or lounging for a romantic evening by the fire pit are all outcomes of ROE. Mosquitoes are the greatest threat to ...

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Why Buying a New Car Makes No Financial Sense

My father loved new cars. He loved the look of them, the feel of them, and even the new-car smell. There is something glamorous and glitzy about parading a new car through your neighborhood to impress your friends. Every three to four years, my mother and father would go out and purchase a brand-new automobile. But there is nothing sparkling about buying an investment that will surely lose you money–no matter how much you convince yourself that it makes sense. As a child, you don’t really consider financial matters such as depreciation and how a purchase can be one of the worst things you can do to your family budget. But what if I was to tell you that you should give me $70,000 and within two years it will be worth $45,000? Would you invest your money in that kind of asset class? No matter how much the car may boost up your ego or social status, it simply ...

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Five Financial Moves To Make When You Change Jobs

Whether you leave your employer or your employer leaves you, changing jobs can be one of those money triggering events when you begin to take stock of where you are financially.    Job changes often bring along new responsibilities and challenges, and experience tells us that analyzing and maximizing your new benefits package normally goes to the bottom of the barrel.    This makes a ton of sense as typically the first three to six months in a new position you are immersed with the learning curve of a new role at a new company.    Having a financial advisor by your side can be a valuable resource to make these important decisions.   Here are five financial moves to make when you change jobs. Get all of your 401(k)’s in one backyard– When you hop from job to job, you may have left your 401(k) at your former employer.    I often refer to these as orphan 401(k)’s because most participants don’t pay attention ...

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Five Financial To Do’s During Open Enrollment Season

Fall signals the changing of the leaves, football Sundays, and Halloween.  It is also the time of year where many of the companies in Atlanta offer open enrollment for your benefits.  With the complication of benefits packages, it is more important than ever that you learn how to make smart money decisions during your two weeks of open enrollment.  Here are my five smart money moves to look at when your benefits season comes this fall.  Don’t wait until the last minute to check your options!! Your Health Insurance Plan Is Sure To Change– Insurance companies today hardly ever let a company renew its old health insurance plan.  This means that you’ll likely get a new set of plans to sift through during open enrollment.  If you and your partner both have company benefits make sure to weigh the pros and cons of each of your health insurance plans.  Did the deductible change?  Did the coinsurance change? Will you have ...

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