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Increase Your Net Worth Thumbnail

Increase Your Net Worth

Over the past six months, global markets have been impacted by two events: the war in Ukraine and rising inflation in the U.S.

Do those events have a long-term impact on your financial well-being?


Maybe not.

Last week Charles Schwab reported (in research carried out by Strategic Business Insights) that “having a financial plan can lead to 2.7x higher net worth on average.”

Holy Toledo.

Building wealth starts by turning away from the markets and focusing on three Coffeehouse Investor principles to create your financial plan. The best part of these principles? They are in your complete control. 

  1. There is no such thing as a free lunch. It is essential that you maximize your returns in each “basket,” or asset class, in your portfolio over the next decade and beyond. The most cost effective and tax efficient way to accomplish this is through the index and passively managed funds offered by most major financial institutions.  
  2. Don’t put all your eggs in one basket. Proper diversification between stocks, bonds and real estate should reflect your need and ability to absorb short term market volatility with the expectation of higher long-term returns. 
  3. Save for a rainy day. Clarity with your savings target (and spending, when retired) starts by establishing a financial plan. 

Your financial plan allows you to address risk management through insurance planning, and tax efficiency through smart accumulation and withdrawal strategies. Your plan will offer direction on long term health care funding, elder care planning, and education funding.  

Increase your net worth. Integrate The Coffeehouse Investor principles into your financial plan, and more importantly, your life.

Want to build a financial plan with professional help? Let's connect in a strategy session with me