June 2017 – Financial Education

Hello! ¿Cómo fue el mes pasado? (How did last month go? *I think*) For me, I gave a pitiful, but seemingly valiant, attempt at Duolingo and got quite a few of the cobwebs off since high school Spanish class. I’ll refrain from agreeing to post my laughable 16% fluency on my LinkedIn profile that the app…

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May 2017 – Investing in Yourself

Hello, Well, I don’t know how brushing “bad handed” went for you, but my meager attempts resulted in 2 things. At first, I spent nearly double the amount of time brushing as I felt like I needed to “redo” it with my good hand. But secondly, and more importantly, I kind of feel like I…

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April 2017 Health & Wellness

Hello! We hope this year has greeted you well! This is the first post of its kind in a hopefully long endeavor toward more engaging coaching. Since we changed our name to OC Wealth Coach 5 years ago, we have expanded many capabilities to better serve our clients’ needs. But, we want to continue to improve.…

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The 6 Ways to Financial Independence: LIPIBS

In our experience, there are only 6 ways to gain financial independence.  Meaning, there are only 6 paths for people to provide for a comfortable retirement.  The acronym for the methods is LIPIBS.   L: is for Lucky – Win a (big) jackpot and then be wise with the winnings! (The hardest part about this…

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Credit Score – Basic

How is your credit score composed and how can you improve it? Simply said, your credit score represents your ability to pay back a debt. And can range between 300 and 850. A higher score tends to show a creditor that there is less risk in loaning you money as you have proven to have…

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Lessons for Kids About Finances

Maybe I have a bias when it comes to this topic, but I think it’s incredibly important to teach your children (raises hand) about being financially responsible because they will never learn this in school or on television.  As a matter of fact, they learn all the wrong things in school and on tv, it’s…

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Effectiveness vs Simplicity

How often do we start our research looking for simplicity and then deciding on complexity?  We usually start looking for the “easy” answer, but then turn around and decide that the solution to an important situation must be complex.  Society tells us that in order to appear sophisticated, we must be complex, as if we…

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I Want To Be Your Google

Let’s face it. There is so much information available on the internet now that you can find out anything.  From how to say “dumb dog” in Cantonese to how to replace the lights in an off-brand chimney hood over your stove (or maybe those are both just things I look up).  What’s the first thing…

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Don’t Buy Checkout Lane Items

What’s 1 place in the grocery store that everyone has time to waste?  Yup, the checkout lane. Sadly, we aren’t the only ones that have realized this.  Grocery store designers figured this out a long time ago, they are smart peeps.  There’s no other spot in the store that has more things packed into such…

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Roth IRA vs Regular IRA

What’s with all these 3-4 letter financial terms?!  IRA, Simple IRA, Roth IRA, 403b, 401k, SEP, UTMA, UGMA, 529, and TOD? Well, let’s compare a Roth IRA to a Traditional IRA. Suppose I were to give you 2 seeds.  The first seed you have to pay tax on now.  However, when that tree grows and…

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