On Other Peoples’ Money (keeps me awake at night)

I want clients to have to think carefully about what they pay for all financial services, including my own fees. Too often the industry plays hot potato with your money and a little piece (or even a big piece) is broken off with each toss. These hidden costs are often larger than the fees they tell you about in the fine print. But, even the fees they tell you about (account fees, management fees, front and back end fund fees, fund expense ratios, etc.) are broken up in small bits and even automatically withdrawn in hopes that you won’t really notice. It can literally be a death (of your portfolio) by a thousand cuts.

On “My Money”(I don’t own it and it doesn’t own me)

Since I can’t take credit for my good fortune, I view my wealth (relative to most of the world, most of us are wealthy) as a gift and a responsibility. I believe I am a caretaker who can use it for my needs and some of my wants. But, it is also my responsibility to pass it on better than I received it.

On Money

I believe money, like everything else, is a gift that we can choose to use for good. I don’t believe that money is the root of all evil, but that love of money (among other things) is evil.

On Planning (You Can’t Afford Not To)

Plans, like maps, aren’t perfect. But most of us are lost without them. With a map, or a GPS: we can get started on our intended route, we can tell if we stray from our route or fall behind our ETA, and we have a tool to find our way back (“recalculating!”) towards our destination.