Honey Lake Advisors Blog
We are entering that time of year when charitable organizations and churches ask their supporters for year-end gifts. It’s a normal routine we are all familiar with. It’s Christmas...the purse strings are open. And our hearts are more open to giving. I heard...Read More
Last week it was reported that the US economy added 250,000 jobs and the unemployment rate held steady near 3.7%. Unemployment claims continue to fall and are at levels not seen since 1973. Now let’s flash back to 10 years ago. In November 2008, over 500,000...Read More
Tell me if this sounds familiar. You want to learn something new so you open up Google and start searching for how to do it. You skip by all the beginner 101-type posts and go right for the expert-level information. You think to yourself, "Why waste time...Read More
This post is going to be somewhat personal. I don’t like to talk about myself or the past but it is on my heart to do so because it relates to the topic I want to talk about. I’ve encountered many married couples stressed out about their finances. Said another way,...Read More
As part of a recent Bible study, I was reading through 1 Chronicles and came across a passage in Chapter 29. To set the stage, King David was transitioning power to his son Solomon and seeking funds to help build a temple for God. In verses 6-9, we read:...Read More
It has been a little more than a year since I decided to shift gears in my career and open my own firm as a financial advisor. In my prior career as an equity analyst, I never had to do “sales.” The only networking I did was amongst fellow analysts and those...Read More
How does your financial advisor get paid? If you’ve ever dealt with a financial professional before, you’ve probably had the sneaky suspicion that they were earning money in ways that weren’t entirely clear to you. In this first installment of my blog post...Read More
Updated 10/18/2018 In last week's post I walked you through the key reasons why you want to fill out the FAFSA form each year for your college student(s), and how getting an FSA ID was a key first step to fill out the FAFSA itself. If you're planning on...Read More
With the October 1, 2018 start of the 2019-2020 college application season, I've created a 2-part series called "Filling out the FAFSA" to guide you through the process. This post will help you understand what FAFSA is, why it's important to fill it out, what...Read More
Estate planning is one of the most overlooked concepts of personal finance. There are any number of reasons for this, but I think for most people, the reasons boil down to one of two things: A) people don’t like to talk about what happens when they die, or...Read More
The Bible has a lot to say about money. Estimates point to over 2,000 verses that touch on the subject of money, with Jesus regularly commenting on the issue in his parables. The seminal book on the topic of money in the Bible – Money, Possessions and...Read More
Unless you live in a city, owning a car is almost as essential as having a place to live. In fact, buying a car is normally the second biggest expense we incur in our lifetimes behind buying a home. Many of us – myself included back in the day – love the idea of...Read More
It would be perfectly natural if your reaction to the title of this blog post was something along the lines of, “A Certified Financial Planner telling me I need a comprehensive financial plan…surprise, surprise!” Maybe you’ve been told by other financial...Read More
For many parents, figuring out how to pay for a child’s college education is the most stressful financial issue their family faces. It becomes even more worrying if the family has multiple children that want to go to college. Escalating tuition costs have...Read More
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21660 West Field Parkway, Suite 118 in Deer Park, IL
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Serving clients in local communities, such as Arlington Heights, Barrington, Buffalo Grove, Lake Zurich, Libertyville, and the Greater Chicagoland Area. We also provide virtual services to clients nationwide.