Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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#DontSkipTheMemories 🛝💻This week was a whirlwind 🎢—camp ended, school doesn’t start until next week, and we’re juggling 14 balls at once. 📸 As I sat here, watching my 5-year-old conquer the inflatable water slide, frustration started creeping in. But then I remembered to #EnjoyTheRide. You only get 18 summers with your kids, and after they turn 10, they’ll probably choose biking with friends over hanging out with you. Blink, and you’ll miss these precious moments.Here’s what I’ve accomplished from this chair so far this week:💸 Opened a Roth for minors account for a client's son to invest his summer earnings🔄 Updated beneficiaries on a client's accounts💻 Wrote this LinkedIn post🗓️ Set up 12 meetings stacked for next Wed-Friday between back-to-school orientations and parent meet-ups✅ Passed my final Medicare certifications, getting ready for Annual Enrollment Period this fall📈 Started working on my updated client service model📰 Wrote a newsletter for this weekend and submitted it to compliance for reviewBut here's what I did instead of work:🚴♂️ Took 6 bike rides🏓 Played 15 games of ping pong🏗️ Built the biggest Keva plank tower EVER🍗 Took the kids to Happy Hour for 25 cent wing night🍪 Served 100 snacks I probably worked half the hours, but I wouldn’t trade this week for anything.
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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Brianna Zanoni
Helping Working Parents Retire Early & Create Generational Wealth for Your Family Using Tools and Systems That the Wealthy Use 🪙 12+ Years in the Financial Industry ✅Follow for Daily Finance Tips
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Making those memories with your kids is something that you'll never regret! You do only have 18 summers, and I absolutely agree that by about 10 they won't really care about hanging with mom and dad anymore. Make those memories and they'll always look back on them with fondness and remember how important they are to you!
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Juliana Marulanda, Scale Expert
Founder, Operations Thought Leader 🔸 Helping 600+ agency owners break through the 1.3M, 3M and 7M rev plateaus.
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This is what real success looks like—finding the sweet spot between work and family. Keep enjoying the ride!
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Adrian Otto
𝐂𝐄𝐎 𝐨𝐟 𝐖𝐏𝐆 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 | Mastering Finances, Elevating Properties | Leading Multifamily Property Management Firm | Third Party Management From Internationally Experienced Owner-Operators
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This post is a great reminder that success isn’t just about what we accomplish at work. It’s about the memories we make along the way.
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Maxim Gorbachev
Founder at Yolllo | Chief People Officer | Mentor
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You’re proving that you don’t have to sacrifice family time to be productive. That’s something we can all aspire to.
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Kiara Perkins
I help high-achieving professionals eliminate emotional blocks, master their mindset, and create fulfilling lives with confidence and purpose. Mindset & Relationship Coach | MFT | NLP & Hypnotherapy Expert | 1:1 Coaching
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You’ve got your priorities straight. The work can wait, but the memories won’t. Great job keeping things in perspective.
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Jason Hood 🦅
📈 98,000+ followers | 🔍 Innovation Enthusiast - Helping Companies Access Government Incentives | 🏊♂🚴♂🏃♂ Average Triathlete | 🚀 See bio for collaboration.
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Your week sounds like the best kind of busy! Making memories while getting things done—doesn’t get better than that.
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Justin Holtz, CFP®
Financial Planner helping families manage their finances and build wealth.
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well done sir!
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Paolo Gutierrez
Chief Information Officer at Valens Research and CTO at FA Alpha
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That’s the perfect blend of productivity and precious moments. Those memories will last a lifetime, and the work will still get done. Well played!
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Regina M.
↪️ Helping Busy CEOs, Entrepreneurs & Executives Amplify Their Businesses with Done-For-You Tech Solutions | CMO for Hire Delivering Exceptional Results | gBETA gener8tor '23 | Web3 Builder ↩️
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Life’s all about balance, and it looks like you’ve found yours. Those memories with your kids are priceless.
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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🏈💰 Hello, fellow fake football fans and finance aficionados! This time of year brings a special kind of thrill, doesn't it? The anticipation of the football season is in the air, but another game's got us all on the edge of our seats - the fantasy football drafts! 🎉🎯 You might be wondering, "What's the connection between fantasy football and financial planning?" Well, get ready for a surprise because these two seemingly unrelated activities share more common ground than you'd think! 🤔💡 Just like managing a successful fantasy team, financial planning demands strategy, foresight, and a deep understanding of the field. Whether you're working within a budget to draft your dream team or allocating funds towards different investments, the principles are strikingly similar. 📊🏈Injuries, team changes, market fluctuations, economic trends - they all impact your game plan, whether on the football field or the financial market. Isn't it all about being prepared and adaptable? 🔄🌟 And let's not forget about diversification. Having players from diverse clubs in your fantasy team can keep those points rolling in every week. Similarly, diversifying your financial portfolio across various assets can provide a safety net against market volatility. Interesting parallels, aren't they? 💼⚖️Now, why am I bringing this up? Is it just to flaunt my expertise in both fantasy football and financial planning? Well, that's a nice bonus, but there's more to it. 💁♂️✨ I want to show you that these challenges, as daunting as they may seem, are not as complex or alien as we often perceive them to be. They're strategic games - games that we're all capable of playing and winning. 🏆🚀But remember, too many risks can lead to losses, whether it's in your fantasy team or your financial plan. So, let's strive for balance, friends. ⚠️🔑Are you ready to draft your winning team and build a robust financial plan? Let's tackle these challenges head-on, together! Stay tuned for more insights and strategies next Wednesday. The game is on! 🎉P.S. I had my draft on Monday night. How do you like my team?
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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Taking Control of Your Financial Future 💪💼Real Estate (post 3/3)We've talked about why housing feels so unaffordable and the factors driving high home prices. Now, let’s focus on what you can do about it. 🛤️A Path ForwardFor housing to become truly affordable, we need policies that:➡️Reduce unnecessary regulations and building restrictions➡️Manage inflation more effectively➡️Allow individuals to keep more of their earnings instead of funneling it through inefficient government programs 🏦Take Control of Your Financial FutureWhile these systemic issues persist, you can take steps to better position yourself financially. Understanding where you are and where you want to go is key. Just like Google Maps, identifying your current financial location and destination can help you choose the best path forward. 📍🗺️Put your current situation, and your real estate goal situation into a financial plan, and determine if there is a way you can #EnjoyTheRide while not jeopardizing your education funding and retirement plan.If you’ve put your home search on hold, now is a good time to re-evaluate your financial plan. Share this post with someone who might benefit, and let’s navigate these challenges together. 🤝I'm accepting new clients—if you're ready to take control of your financial future, let’s connect! 🌟
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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🏈💰 Hello, fellow fantasy football enthusiasts and finance wizards! It's Scott here, your trusty guide through the thrilling twists and turns of both the gridiron and the stock market. 🚀🌟Ever felt like you're spiraling down a rabbit hole of endless stats, data, and expert opinions? 🕳️📊 You start off excited, ready to uncover hidden gems for your fantasy team or investment portfolio. But after hours of research, that initial spark of fun starts to feel more like a chore. 😓🔄I hear you. 🙌 And I'm here to tell you, it doesn't have to be this way. 👍What if you could lean on expert advice, saving you time and stress? 💡🕰️ Think about it: there are countless fantasy football sites like Draft Sharks and FantasyPros offering valuable insights for a small subscription fee. And when it comes to finance? Well, that's where trusted advisers step in, just like yours truly. 💼💡But here's the catch: should you follow these tips blindly? 🤔 Absolutely not! Just as you wouldn't draft a player based solely on one pundit's opinion, you shouldn't make financial decisions based on a single piece of advice, either. It's all about weighing different perspectives and making choices that align with your personal goals and risk tolerance. ⚖️🎯Over the next couple of Fridays, I'll be diving deeper into this topic, sharing tips and strategies to help you tackle both your fantasy football drafts and financial planning with confidence. So, buckle up and get ready for some game-changing insights! 🏁🔥So, are you ready to turn the tedious task of research into a touchdown? 🏈🏆 Stay tuned and let's conquer these challenges together! 💪🎉
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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The Unavoidable Reality of Aging Parents - A Humorous Twist to a Serious Matter 🎭Remember the days when we used to hide our report cards or that broken vase from our parents? Well, who knew the tables would turn so dramatically! Now, we find ourselves trying to coax financial details out of our tight-lipped, fiercely independent parents. Oh, how the roles have reversed! 🔄😅As we navigate through life's inevitable events - loss, separation, and aging - it's essential to prepare for the challenges that accompany these realities. As a family financial planner, I often find myself in the role of mediator, gently nudging families to have those crucial conversations about financial preparedness and asset protection.Our parents' generation is known for their resilience and privacy, especially when it comes to their finances. They've weathered many storms, from economic recessions to personal trials, and they're often hesitant to discuss their financial situation. It's a characteristic that commands respect, but it can also create hurdles in ensuring their assets are protected as they age. 🚧💼So, how do we handle this delicate situation? Well, we might need to borrow a page from our parents' playbook. Remember those heart-to-heart talks they had with us? The ones that started with "We're doing this because we care about you"? It's time to revisit those tactics.Start by expressing your concern and love. Make them understand that knowing about their #financial situation is not an invasion of their privacy, but a necessary step to protect their assets and their dignity during their golden years.Ensure that they have a robust asset management system in place. Find out where they keep important documents, whether they have legal representation, and if their estate plans are up-to-date. It's essential to be proactive and not reactive in these matters.⏳📑One of the significant risks aging #parents face is falling prey to financial scams. Remind them of their advice about not talking to strangers; it's equally applicable to unsolicited calls promising too-good-to-be-true deals.Navigating the complexities of transferring #generationalwealth can seem like walking through a maze blindfolded. But remember, you're not alone. As a financial advisor, I'm here to guide you through this labyrinth, one step at a time.Having these conversations may be as uncomfortable as those puberty talks they had with us, but they're just as crucial. So let's face the unavoidable reality of our aging parents together, ensuring their golden years are truly golden. After all, it's our turn to look after them, just as they've looked after us. 💛 #FinancialPlanning #ElderlyCare #AssetProtection
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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The Real Reasons Behind High Home Prices 🏡💰In part 1, we looked at how housing affordability has changed over the years. Now, let's explore why home prices are so high today. 🌆Why Are Home Prices So High?Regulations and Restrictions: Government regulations and building restrictions limit housing supply, driving up prices. 🚧Inflation: Excess money printing has caused inflation, which means your dollars don’t stretch as far. 💵Demand vs. Supply: Massive immigration has increased demand for housing, while homebuilders haven't kept up with the necessary new homes since the 2007-2009 housing bust. 🏘️The Income Side of the EquationHere’s a less-discussed aspect: government spending. Federal, state, and local governments take up at least 50% of the GDP through expenditures and regulatory costs. This means working Americans are left with only half of what they earn. 😓👉 Don't miss part 3, where we'll discuss what you can do to better position yourself financially.
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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🎶 Cue the Law & Order Theme Song ⚖️The names have been changed, but the situations are real! This week, I’ve been quiet on LinkedIn—not because I’m just playing work, but because I’ve been doing what I love: helping families plan for their future.I had the privilege of working with three generations of an incredible family. Imagine this:👵 A grandmother with decades of thoughtful financial planning👨👩👧👦 A son stepping in to help her make important decisions👶 Young adults getting a head start on their financial journeyIt felt like a family reunion—except we were discussing Roth IRAs, trusts/beneficiaries, and investment accounts instead of whose potato salad is better. 🥔And here's a fun moment: After our meeting, I was headed over to the daughter’s house, and her mother texted her saying, "Is it okay if Scott’s a little late? I’m going to pick some veggies from the garden and put some chicken on the grill." How could I say no to that? 🍅🍗 Some of the highlights:📈 Setting up investment accounts for the grandchildren to help build a solid financial foundation—and teach them that money doesn’t grow on trees (but compound interest is pretty close!).💸 Exploring the idea of starting a Donor-Advised Fund (DAF), which can reduce taxes while making a positive impact. It’s also a great way to pass down the values of giving back.This is why I love what I do. 💙 Multigenerational planning is about more than just numbers—it’s about building a lasting legacy and ensuring your family’s values continue for generations.If you’ve been thinking about your own family’s future and how to pass down more than just assets, let’s chat. The steps you take today can shape your family’s story for years to come.#FinancialPlanning #LegacyPlanning #MultigenerationalWealth #FamilyValues #Philanthropy
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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Why Housing Feels So Unaffordable 🏠💸If you’ve put your home search on hold, you're not alone. Rising prices and stagnant incomes have made finding affordable housing feel like an impossible task. Here’s why this isn’t just a personal problem—it’s a systemic issue.Understanding AffordabilityAffordability is a combination of two factors: the price of the home and the income of the person buying it. 📊📈 Median home price in 2022: $390,000📉 Median household income in 2022: $74,580Back in 1968, home prices were just 2.6 times higher than median income. Today, it’s 5.2 times higher. No wonder it feels so tough! 😅👉 Stay tuned for part 2 (next Monday), where we'll dive into why home prices are so high and what we can do about it.
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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🎢 Life's a juggling act: Career, Kids, Aging ParentsFeeling stretched too thin? You're not alone.🔹 60% of Gen X are sandwiched between raising kids and caring for aging parents.🔹 50% report stress about finances.So, what’s the solution?1️⃣ Prioritize: Focus on what matters most today.2️⃣ Delegate: Ask for help—don’t go it alone.3️⃣ Plan: Secure your family’s future with solid financial strategies.🌟 Peace of mind is priceless. Secure it today.👉 Read more in the comments.
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Scott Nelson
I simplify decision-making for wealthy individuals with 1-page plans, empowering them to make impactful financial choices for their families and the world.
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“Over time, the markets have always recovered.”I (and so many of my colleagues) have been telling you not to worry, but what if you should be worried?You may have gotten caught up in the 2020 WFH stock craze, bought the wrong investments, or perhaps invested short-term money too aggressively and paid the price in 2022.➡️You may be over-allocated in a couple AI stocks and paid the price over the last couple of months.➡️You may have missed out on the oppirtunities to reallocate your portfolio when inflation heated up...and interest rates followed.➡️You may have a 401k in a target date fund that (without you realizing it) underperformed by 4% per year over the last 5 years.If your retirement goal is a long way away, for example, a decade or so, you may want to weather the storm. If you have enough time, you can weather a Bear Market. Only five times since World War II has the S&P 500 had a negative rate of return for a five-year span. History tells us Bull Markets have a much greater severity and are much more likely than Bear Markets - some lasting for 9, 14, and even 15 years.But what if you are just entering retirement or are only a couple years away from retirement but you're starting in a down market (or Bear Market ) versus an up market (Bull Market )?By losing money, a significant chunk of money, as you're drawing from it, will significantly impact your ability to stay retired.There are a lot of risks right now that people are talking about, but the two I am personally worried about on behalf of my clients are:👨🦳Longevity Risk - outliving your money💸Sequence of Return Risk. - having a negative return at the start of retirement.So, what should you really be doing? Check out the video below on my YouTube channel, and read about my retirement income strategies on my blog.
How To React Calmly When the Stock Market Crashes https://www.youtube.com/
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