Authored by Blaine Thiederman| January 15, 2024 8:00:00 AM Welcome to a pivotal guide on mastering your business finances within 90 days, crafted with the insights of seasoned financial experts and the strategic prowess of Blaine Thiederman & Progress Wealth Management. The Power of Financial Clarity For many business owners, the significance of achieving financial […]
2024 Tax Planning Guide: Smart Moves for Businesses
2024 Tax Planning Guide: Smart Moves for Businesses
As 2024 unfolds, it’s time for all business owners to review their financial strategies and implement effective tax planning. Here’s our newest guide, offering insights into various tax planning tactics to steer your business towards financial efficiency and long-term success. Understanding the Importance of Tax Planning Tax planning is a proactive approach to managing a […]
Making Smart Money Choices: A Journey Through Behavior, Perception, and Reality
Making Smart Money Choices: A Journey Through Behavior, Perception, and Reality
Investor Behavior: The Real Indicator of Financial Success A critical lesson in investing is understanding the difference between investment returns and investor returns. A study by Dalbar revealed a startling truth: the average investor significantly underperforms the market. This underperformance isn’t due to a lack of intelligence or opportunity; it’s because of behavior. The industry’s […]
Embracing the Unpredictable: Navigating Life’s Financial Storms
Embracing the Unpredictable: Navigating Life’s Financial Storms
Why Market Forecasting is Like Reading the Weather In the world of finance, trying to predict the market can be as futile as forecasting the weather. Despite our best efforts and the use of sophisticated models, accurately predicting market behavior remains elusive. The stock market, much like the weather, is influenced by a myriad of […]
The Art of Financial Conversations: Beyond the Numbers
The Art of Financial Conversations: Beyond the Numbers
Navigating Money Talks with Empathy and Understanding In the realm of personal finance, the numbers tell only half the story. The other half? It’s all about our behavior and emotions around money. In my years as a financial planner, one truth has repeatedly surfaced: the way we talk about money, especially with our loved ones, […]
Nonlinear Financial Planning: Beyond FIRE to FIWOOT and Self-Funded Sabbaticals
Nonlinear Financial Planning: Beyond FIRE to FIWOOT and Self-Funded Sabbaticals
Rethinking Early Retirement: The Limitations of FIRE In the realm of personal finance, the FIRE (Financial Independence, Retire Early) movement has gained substantial traction. However, it’s crucial to recognize its limitations. While the allure of retiring in your 40s or 50s is undeniable, this approach often overlooks the unpredictability of life and the dynamic nature […]