Why It’s Important to Teach Your Kids Early About the Value of Money and How to Do It

Jul 13 2020

Our children see us order something new from Amazon. A few clicks on the computer, and it arrives in two days. They watch us insert a card into a machine at the store and we take home whatever we wanted. Then there are those ATMs at every turn ready to disperse cash with a magic PIN.

Adults know how difficult it can be to earn money. Still, our children see that easy access and often assume that making money is just as simple as pushing a button.

By age 3 your child understands basic money concepts. By age 7, many …

Jul 10 2020

Is Financial Planning a Pandemic Necessity?

By Michael Garry Yardley Wealth Management

Financial Planning magazine just released their annual tech survey and a corresponding article: Tech Survey 2020: Advisors losing faith in planning software. I was honored to be interviewed by the reporter and included with the other tech-savvy advisors who weighed in. The journalist and I discussed the tools that Yardley Wealth Management uses to help put together a financial plan for our clients. The reporter shared that their survey results showed that many advisors were cutting back on financial planning software, perhaps as

Mindset Mastery Podcast by NAPFA: “Anything is Possible” with Michael Garry

Jul 07 2020

The post Mindset Mastery Podcast by NAPFA: “Anything is Possible” with Michael Garry appeared first on Yardley Wealth Management, LLC.

Mindset Mastery Podcast by NAPFA: “Anything is Possible” with Michael Garry

This past month, I had the honor of being interviewed by Marie Swift for the NAPFA Mindset Mastery podcast about life lessons learned from completing an IRONMAN Triathlon. I enjoyed speaking with her about how the skills I learned in achieving my goals and staying on track for the IRONMAN translate to serving my clients in my practice, Yardley Wealth Management.

In the podcast, I discuss how

Time-Honored Investing Advice Applies During a Pandemic

Jun 23 2020

In calmer, more predictable times some people find it difficult not to panic based on headlines. During a pandemic, the temptation to panic and make impulsive money moves may be even greater. Kiplinger.com offers advice to nervous investors in “How to Save Yourself from…Yourself.”

The article says “It is only a loss if you sell it. Markets go up and they go down, but over the long run, they have always gone up.” So, before you panic and decide to sell investments that could still grow over time, consider the long-term consequences to your portfolio.

And instead of …

Should I Change My Strategy During the Presidential Election Cycle?

Jun 23 2020

A Richmond investment management company mentioned at a dinner hosted for prospective clients that they were going to be getting out of stocks entirely and going to cash in October in anticipation of the presidential general election. Recommendations to get out of the markets and go to cash are frequently made by investment managers. Every study suggests trying to time jumping out of the markets is a losing venture and yet predictions of dire market crashes perennially attract more media attention than they deserve. Let me start by suggesting that there is insufficient data to find any trends regarding election… Read More

Unbiased financial advice from fee-only financial planners

Is Financial Planning a Pandemic Necessity?

Mindset Mastery Podcast by NAPFA: “Anything is Possible” with Michael Garry