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The Money Value Cycle

People don't value things that they receive easily or with little effort. Free things they value least because they have invested nothing to get them. In order for someone to appropriately value and truly appreciate something, they need to have gone through the cycle of earning it. If it is an item or service that was purchased, they need to have traded their talent, time and effort to earn the amount of money required to purchase it. If it is a coveted skill, they need to have given their dedication, time, blood, sweat and frustration in practice to learn it. (If it doesn't take much of these things to learn, the skill, it's probably not worth having). The quickest way to devalue an item is

Stock Pickers

If your advisor's value proposition has anything to do with their ability to pick stocks or "beat the market," that is a relationship that you may want to re-evaluate.

Impacts of the Tax Cuts and Jobs Act of 2017 (AKA the GOP Tax Plan) on the Individual Tax Payer

General Impression The most popular question I have been getting lately from client's, friends and acquaintances at Holiday parties is, "What do I think of the new tax law." The first thing that comes to mind is how powerful a force popular media remains in entering items into the collective consciousness of its consumers. In terms of the tax law, I'll admit that I was skeptical of it resulting in major changes for individuals upon first reading of the bills passed by the House and Senate. After digesting the details of the consolidated bill, I am more optimistic on the immediate impacts. In general, the final legislation followed the Senate’s version of the bill. Some of the House proposals