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 […]
Are You Confident in Your Savings?
I was recently at the counter of a bookstore facing one of the worst deals of my life. I was looking to offload some books as I was organizing my office, they were never going to get read, and at this point these boxes had been sitting in my car for 2 weeks. I never […]
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 […]
How serious are you when it comes to planning for your financial future?
THOR Wealth Management recently commissioned a survey of young couples – we will call them emerging wealth couples – and this blog is meant to give you a little bit of insight into the results. If you want the complete results, you can click here and then enter your email address and a full copy […]
How are the Economics of the Individual?
https://youtu.be/kgutoUmbkU4 68% of US GDP is personal consumption. Therefore, the economics of the individual is critical to the economy. If spending is reduced because of excess debt or higher interest rates, it could have a negative effect on the US economy.
The Yield Curve – Part 2
In the last blog, we went through what the yield curve is and what kind of shapes it can make. You can read Part 1 here. In Part 2 of this series, we talk a little more in-depth about the implications of the yield curve for the economy and what it might mean for your […]
2024 Year End Tax Planning
As with every year, it makes sense to consider tax planning moves before the end of the year that can help lower your tax bill for 2024. With this being a presidential election year, planning takes on even more importance. The general strategy of deferring income into next year and accelerating deductions into this year […]
Can I Sleep at Night?
Since the dawn of behavioral finance, many traditional economic theories have taken a backseat because of practical shortcomings. Individuals are not rational economic beings and instead make emotional decisions that are suboptimal. One practical decision-making tool that I would espouse to individuals is what I will call the sound sleep principle. When faced with tough […]
$300k Decisions > $30 Decisions
When trying to build wealth at a faster rate, often the first area people evaluate is their expenses. Maybe this means creating a budget for the first time or cutting ties with unnecessary subscriptions (here are some apps that will help with this). However, while these practices can prove beneficial, their potential upside is limited. […]
The Stressors of Parenting: Easing Financial Worry
“Powerlessness” is a word that the Surgeon General, Dr. Vivek H. Murthy, used recently to describe the modern role of parenting. Anyone who is a parent can tell you that the parenting journey, while filled with boundless joy, can also be unpredictable and stressful. In acknowledging the increasing and unpredictable stress that comes with parenting […]