The Rollercoaster Ride as a First-Time Homebuyer
There’s nothing quite like the experience of buying your first home. It’s exciting, overwhelming, empowering, and completely nerve-wracking. Whether you’re just starting to browse listings or you’ve already scheduled showings, the emotional highs and lows are real. But beneath those feelings lies a big financial decision that requires preparation, patience, and perspective. Here’s a look […]
The Juggle – Prioritizing Your Financial Goals
Today’s 30 and 40 something couples have many balls that they are juggling in their daily lives – work, taking kids to school and their extracurricular activities, planning family vacations, and having a few minutes to spend together, etc. The list can be overwhelming. The same can be said about family finances. Should we save […]
Should I Hire a Robot or a Human?
I was recently sitting in the airport catching up on emails and received a response from a woman who was applying for a position at our company. I had reached out requesting that she share her availability for an introductory call. Her response began with the following: “Here’s a polished and professional version of your reply:” […]
Why You Should Hire a Firm with a CFP® Professional
When it comes to your health, most people understand the value of having a primary care doctor. This is someone who keeps tabs on your wellness, helps you stay on track, and is available when something goes wrong. But when it comes to your financial life, many people don’t think the same way. They often […]
Putting a Ring on Your Finances
Getting married? How exciting! This is such a fun and enjoyable time in your life, but it also comes with a lot of changes and decisions that go beyond choosing a venue and a caterer. One of the biggest transitions you’ll make as a newlywed is combining your financial lives. While it may not be […]
Wealth Management and Investing: The Fitness Journey for Your Finances
Managing wealth, saving, and investing are often touted as straightforward concepts: spend less than you earn, save diligently, and invest wisely. Much like the simplicity of weight loss—burn more calories than you consume—the principles of financial health are easy to grasp. However, just as anyone who has tried to shed a few pounds knows, the […]
Your Tax Refund Isn’t a Bonus- It’s Your Money
Are you already planning what you will spend your tax refund on? While it may feel like a bonus, your refund is just the money you overpaid throughout the year. Essentially, the IRS has been borrowing your money interest-free for the past year. Why a Refund Isn’t Ideal: Rather than letting the IRS act as […]
The Magic 8 Ball to Debt Optimization
If you have any type of debt, mortgage, student loans, car loans, personal loans, etc., you might wonder if you have a competitive interest rate. Or maybe you wonder if it is worth the hassle of refinancing. On the other hand, maybe you’re in the process of buying a car and do not know if […]
Understanding Investment Behavior in Emerging Wealth Families
As mentioned in our previous blog, THOR Wealth Management recently commissioned a survey of young couples – what we will refer to as emerging wealth. In the survey, we delved into the investment behavior of the emerging wealth and compared their habits based on income levels. We noticed a trend that persisted as income levels […]
Investing Myth: Buying a Home is Always a Good Investment
In a previous blog, we deconstructed a common investment myth about market returns. We will continue with that theme by going through another common investment myth about home buying. No matter if it is your first time or tenth, buying a home is an important life event. One myth that is common to hear is […]