8 Creative Ways to Win Your Dream Home Without Making a Poor Investment

SHJ080116_Win_a_Bidding_War_Blog_ImageIn a hot real estate market it’s easy to let your emotions get involved possibly resulting in making a poor real estate investment. It’s not uncommon in today’s market for buyers to waive inspections or pay an amount over the listed value in order to get the home of their dreams. Instead of risking your investment with emotional decisions, we’ve put together some more creative ideas to help your offer stand out.

Here are 8 tips for standing out in a bidding war: Continue reading

Family Dynamics: Financially Assisting Adult Family Members

Sharkey Howes & Javer Financially Assisting Adult Family MembersProviding financial assistance to adult family members, while sometimes very helpful, may also create conflicts. As Certified Financial Planners ®, our clients often ask us to help them work through such issues. When working with clients who find themselves in the midst of a difficult family dynamic involving money, our process is to help our clients understand the impact of providing financial assistance to adult family members. Below we share a few of the conflicts we have found (Please note: identifying information has been changed for privacy purposes). Continue reading

Meet Mimi Hackley

Mimi_Hackley
Name: Mimi Hackley

Title: Shareholder and Certified Financial Planner™

SH&J team member since: 1998

 

You are admired for the way you are with clients. What advice do you have for building and maintaining strong client relationships?

Listen first. Be honest, yet compassionate. Do what comes naturally and is best for the client. Focus on practical and applicable solutions while keeping it as simple as possible.

What does your ideal weekend look like?

  • Family time with our children,
  • Unstructured as often as we can manage it,
  • Unplugged for much of it,
  • Plain-old fun playtime with cooking, laundry and administrative stuff thrown in on the sidelines.

We try to keep it simple and always manage to find things to laugh about even when we’re arguing (which happens a lot with two boys close in age – the laughter typically diffuses the spite!).

As a child, what did you dream of being when you grew up?

First, I wasn’t aware I’d grown up. As a child, I dreamed of always being a child, a la “Peter Pan”. My brothers and I had more fun as children than anyone I know – except my mom who still has more fun than the rest of the world.

Also, if I had to grow up, I wanted to be a teacher. My mom practically forbade my “Teacher” aspirations because, back then, teachers were not well paid nor well-enough respected for the great service they impart. It’s interesting that while I didn’t become a “teacher” I teach clients every day how to make wise financial decisions and thoroughly enjoyed teaching CFP students for several years.

You have been with Sharkey, Howes & Javer for over 15 years. What do you love most about your job?

The fulfillment that comes from helping people help themselves.

Finish this sentence: As a mother of two boys…

…I’m busier than I’d ever imagined was possible and am having more fun now than I did as a child… Wow! That’s really something!

Inside the Economy with SH&J: November 23, 2015

The Federal Reserve shows a textbook yield curve in anticipation of a raise of rates, inflation continues to be an important economic indicator and new housing starts are slowing all in this week’s edition of Inside the Economy with SH&J. Larry also covers consumer spending and comments, “Those who are betting on a huge Christmas, well, I wouldn’t bet the farm.” A shorter discussion than normal this week, but an informative one which will give you some Thanksgiving table talking points. Listen in!

5 Personal Finance Tips for Everyone

Brown Wallet with credit cards and dollar banknotes over woodenPersonal finance is important whether you are just starting out or have been in the game a while. Here at SH&J, we know how you manage your personal finances directly impacts the success of your complete financial plan. We’ve pulled together five tips anyone can use to help manage their own finances.

  1. Start Early
    There’s no time like the present to start working on your personal finances. The sooner you start saving and investing your money, the better off you will likely be in the long run. Seek advice from a Certified Financial Planner™, read books and blogs on finances to gain knowledge, and find tools to help you stay on track. We also recommend talking to your kids about money from an early age to help set them on the right financial path.
  1. Know Where Your Money Goes
    Have you ever come to the end of a month and wondered where your monthly paycheck really went? If so, you’re not the only one. Staying on top of your personal finances means paying attention to where your money goes. Find a system that works for you. Some prefer online tools for tracking expenses, while others need to carry a notebook and write everything down. Whatever the system, make sure you pay attention to how your money is being spent.
  1. Learn Self Control
    At any age or stage of life, it can be difficult to say no to the vacation, night out on the town or those new shoes. But, the practice of self-control can lead to much greater monetary achievements. When you really want to purchase an item or experience, give it a couple of days before pulling the trigger. Consider whether what you want is really what you need, and how your decision will impact your long term goals. By learning to delay unnecessary purchases, you may free up more money to save and invest elsewhere.
  1. Simplify Your Life
    It’s easy to get caught in the race to keep up with the Joneses – a bigger house, the newest car model, the latest fashion. Rather than trying to keep up, simplify. Warren Buffet, one of the world’s richest men, still resides in the home he bought in Omaha, Nebraska in 1957 for $31,500 (source). When it comes to finances, focusing on the big picture, while keeping your life as simple as possible, often leads to greater success.
  1. Take Control
    Instead of being a passive bystander, take the reins of your personal finances. Build a team you can trust, from your banker to your financial planner to a trusted friend or family member, people who will hold you accountable. Stay in touch with your team, and pay close attention to the information they send you such as quarterly reports. Take an active interest in not only where your money goes, but also how it grows.

Personal finances can be tricky at times, but with the right tools and a commitment to seeing your goals come to fruition, you can find financial success. Take our tips and implement them into your personal finance strategy. If you need help creating a more in-depth financial plan, we’d love to talk. Reach out today.

What do you charge for your services?

We knew we didn’t want to be bound to selling products to our clients. We wanted freedom to offer objective advice to our clients without an agenda to sell them products. Therefore SH&J was founded and still is a fee-only or non-commissioned firm.

Fee-only means our clients pay us a flat fee for our advice, not for products. We do not work on commission and are only paid by our clients. One of our founders, Larry Howes, says, “All of our efforts are designed to get you a better result.”

Melissa does a great job of giving you a quick rundown on our fees.

Here’s a quick overview of the information Melissa shared:

Financial Planning

  • One-time fee depending on case complexity
  • Planning fees range from $500-4,500.00
  • No additional charge for planning updates

Investment Management

  • 1% of assets under our management up to the first million
  • Reduced rate on managed assets above $1,000,000.00
  • Fees billed at 0.25% at the end of each quarter in arrears

Other small charges may include a fee for portfolio design, strategic implementation and asset transfers.

We’d love to meet you to share our firm’s philosophy with you in person. Give us a call at 303.639.5100 to set up a time to come in.