In my last few blog posts, I have discussed the importance of managing financial risks and offered some sensible strategies to protect against catastrophic loss. In this fourth, and final post on managing risk, I will examine two other areas that can pose significant threats to an individual’s or family’s finances. Read more
In my previous couple of blogs, I discussed the risks individuals and families face and how to protect against events that could decimate a household’s finances. Financial risk is integrally tied to an economic theory, known as “lifecycle finance,” which explains how people can improve their standard of living by making smart financial decisions during the various phases of their lives. The central concept of this theory is the distinction between human capital and financial capital. Read more
In my last blog post, I talked about the risks we face in our financial lives. Managing financial risks starts with identifying them, determining what could go wrong and how bad things could get. Only then we can construct a risk management plan to protect against potentially catastrophic events.
The theory, known as “lifecycle finance,” explains how individuals and families can maximize their standard of living by making smart financial decisions during the various phases of their lives. The central concept is the distinction between two types of wealth, human capital, and financial capital.
Our last discussion focused on human capital, our future earning potential. This week concentrates on financial capital, the amount of net assets, after paying off debts, we have already accumulated and are available to support us in the future. Read more
Serving Massachusetts clients North of Boston, on the Northshore, in the Merrimack Valley, and Essex County.
Andover, MA Location
2 Elm Square
Andover, MA 01810
Phone: (978) 475-2533
Danvers, MA Location
Crane Brook Office Park
150A Andover Street
Danvers, MA 01923
Phone: (978) 475-2533
Serving Florida clients in Naples, Bonita Springs, Estero and Fort Myers.
Naples, FL Location
999 Vanderbilt Beach Road
Naples, FL 34108
Phone: (239) 963-7566