Five Ways to Ensure Your Money is Bringing You Happiness

Written by Adam Scott, CFP® on March 3, 2020.

Money makes us happy, doesn’t it? Well, not necessarily. Money and happiness researcher Elizabeth Dunn says there are five key principles to live by if you want to derive maximum happiness from your money. In her book Happy Money: The Science of Spending, co-authored with Michael Norton, Dunn says there are five keys to money happiness:

Buy Experiences
Make it a Treat
Buy Time
Pay Now, Consume Later
Invest in Others

Dunn doesn’t try to convince you to spend less, just to make sure you’re getting the most intrinsic happiness possible from your spending. Let’s delve deeper into each of her five principles.

financial planning, investments, wealth management

Everything You Need to Know About Succession Planning

Written by Adam Scott, CFP® on February 13, 2020.

Whether your organization is large or small, a start-up or an established entity, employees will come and go. When someone leaves your business, it’s important to retain all the knowledge they accrued over time and to plan for someone else to be able to step into their role. This is called succession planning, and it’s integral to preventing knowledge loss and maintaining normal business operations in the face of employee turnover.

If you don’t have a succession plan in place just yet, read on to learn about the steps you should take to develop a plan and ensure its success.

business management, financial planning, wealth management

Is Impact Investing Right for You?

Written by Adam Scott, CFP® on January 29, 2020.

There’s a growing trend among investors – both individuals and institutions – to use their money to effect positive change in the world. For these investors, gone are the days of simply calculating which funds will generate the greatest returns. Instead, impact investors choose where to put their assets based upon their desire to improve the world in some way, while earning money in the process.

Could impact investing be right for you? Well, if you consider yourself a bit of an activist for one or more societal or environmental causes, it could be. Let’s examine the pros and cons of this investment trend.

charitable donations, financial planning, investments, wealth management

COVID-19 INFORMATION

Tag: financial planning