It’s really common for us to work with clients, or chat with friends, who are fortunate to have extra money on hand, but they don’t know what to do with it so it sits in cash in a bank account. This is so common for our generation! Many of us aren’t 40 yet, but we’ve now experienced two periods of economic and job uncertainty. We cling to our cash like it’s some kind of security blanket.
Decisions get even harder to make if you receive an inheritance or settlement. That money often gets mixed with lots of emotions because you’re grieving for the loved one who left you that money, or you’re recovering from the accident that resulted in the settlement. This money may be life-changing — overnight, you can afford to buy a house, pay for grad school, or completely pay off your debts. But what if you … Read the rest