Jay Zigmont's Blog, page 17

5 Things to do in turbulent times.

You can���t turn on the news or look at social media without seeing that we are in turbulent times. We are getting past a pandemic, dealing with inflation, questioning if there will be a recession, there is a war in Ukraine, and a pile of domestic political issues in the US. It can be overwhelming. So, the big question becomes, what should you do with your financial plan during these times?

1. Understand wh...

Alison – A Portrait of Freedom

This Portrait of Childfree Freedom is one of 26 in our new book, “Portraits of Childfree Wealth.”�� The book comes out on June 1st, and is currently available for pre-order on Amazon, Barnes & Noble, Google Play, Kobo, and everywhere books are sold.

Alison

22, Female, Single, Missouri

Bachelor���s in Creative Writing

Semi Truck Driver

Alison was on the road in Illinois headed to Texas when I spoke to her. S...

Investing 101

Investing is not hard, but it is important. The key is to follow the rule that ���You only invest in things you understand.��� The rule applies no matter how much experience you have in investing. Understanding an investment includes:

Why you are buying it (the impact on your financial plan)Where to buy it (which accounts and the tax impact)What to buy (understanding specific investments)How to buy (the...

Am I spending too much or saving too much?

The internet is full of general rules and numbers that say you are either doing ���good��� or ���bad��� with your finances. In reality, the only measure of success that matters is if you are on the path to your goals or not. With that said, I often find that clients fall into one of two buckets; they are spending too much or saving too much. Most people understand when they are spending too much, but it is ...

How does your financial planning change if you are single, in a couple, or in a group?

By nature, Childfree individuals seem to be more flexible in their family structure. In Childless individuals over 55, 32.1% were never married (as opposed to 2.6% for parents). Childfree individuals are more likely to stay single, be in a long-term relationship (without being married), and to be in a group than the general population. Your choice to be single, in a couple, or group, changes your financial ...

Open Office Hours

Got a burning financial question?�� Wonder what it is like to live a life of Childfree Wealth?�� Just want to hang out with other Childfree people and talk finances?�� Childfree Wealth Open Office Hours is here!

Each Friday at 10AM Central, I will be hosting an open discussion on Zoom for up to 12 people. Sign up here.

Here are the details:

Each session is for educational and informational purposes only (...

April Book Update – Portraits of Childfree Wealth

Last week I sent out our new book, ���Portraits of Childfree Wealth��� to beta readers. The job of beta readers is to provide final feedback before publication. At this point the book has already been copy edited, formatted, and is now being polished. As long as all goes well, the book will be available on June 1st, 2022 in Paperback, eBook and Audiobook formats.

The next book update (in May) will include a...

Jacy – A Portrait of Childfree Compromise

This portrait is one of 26 featured in the new book, “Portraits of Childfree Wealth” coming out on June, 1, 2022, and available for ordering now at Amazon, Barnes & Noble and everywhere books are sold.��

Jacy
28, Female, Single, Texas
Some College in Civil Engineering
Contract Administrator

Jacy is 28, single, and she grew up in a small town in the panhandle of Texas ���where we have more cows than people.��� ...

Creating Successful Small Businesses and Side-Gigs

With today���s hustle culture combined with a search for meaning, many people are following their dreams to start a small business. Being Childfree often allows us the time, money, and freedom to stretch and see what is possible. If you decide to start a small business or other side-gig, you need to make a series of business, financial, tax, personal, and professional decisions.

For those of you who prefer ...

Student Loan Repayment for Childfree Individuals

Student loans are a 1.7 Trillion Dollar problem in the U.S. As Childfree individuals, we do not have to worry about paying for college for kids, but we do have to pay for our own education (and student loans). While there has been a lot of talk about student loan forgiveness lately, the bottom line as of today is that you must find a way to pay off your student loans. Keep in mind that currently, the only w...