In the
Media

If you’re not ultra-wealthy, you’ve probably wondered what it’s like to be so. Maybe you think of all the ease and convenience they can access. The comforts. The luxuries. The peace of mind around common stressors like the price of healthcare or child care or even groceries and utility bills. And perhaps you think too of their spending habits, imagining them to be quite extravagant.

Prices rose 3.4% year-over-year in April, according to the latest Consumer Price Index report. It’s slightly lower than March, but still above the 2% target. Even though inflation has fallen since its peak of 9.1% in June of 2022, Americans are still grappling with everyday costs. From the grocery store to the gas station, budgets are getting tighter across America as the inflation cooldown in 2023 appears to have stalled in 2024.

With retirement planning and taxes, there are often two ways to look at a question: First, can you do something, and then, should you do it?

If you have mounting credit card debt, you’re not alone. The average United States household owes some $7,951 to credit card companies. Of course, with that being the average, some borrowers will owe significantly more than that number while some borrowers owe significantly less. 

High earnings provide the potential for high net worth, but they don’t guarantee it. Hence the existence of HENRYs, the embodiment of the wealth paradox. HENRY stands for “High Earners, Not Rich Yet.” Essentially, a HENRY is someone who is earning a high amount of discretionary income but is not managing it in a way that is focused on accumulating wealth, meaning they tend to spend more than they invest or save.

Optimizing your investment portfolio in retirement has everything to do with achieving the right balance. Traditionally, balancing involved finding the right mix of stocks and bonds, with percentages shifting gradually as risk tolerance and time horizons evolved. But in today’s market, limiting a portfolio’s assets to stocks and bonds could mean limiting your earning potential.

Ahh, summer! With its warm beaches, sunny days and endless relaxation, it’s a lovely break in the middle of the year. And since summer vacation is almost here, many are scrambling to figure out what they’re going to do — and how they’re going to pay for it.

You’re not imagining it—dining out, like everything else in life, has gotten more expensive. Thanks to rising rent rates and increasingly pricy ingredients, restaurant bills are outpacing inflation.

For those aspiring to affluence, securing a job with a high salary would seem to be a big step in the right direction. However, recent reports reveal that high income alone does not guarantee a high net worth and that a growing number of high earners report that they don’t see themselves as rich. Media reports refer to them as HENRYs, which stands for “High Earners, Not Rich Yet.”

Investing is key to protecting and growing wealth, which is why every financial advisor swears by it. So, no matter what income tier you fall in, you need to be investing as aggressively as you can and as early as possible.