Money Basics

Although there are certain basic financial rules of thumb that many people can agree make sense at face value (like “a house is always good investment”, “you should try to save as much money as you can for retirement”, and “you should always spend less than you make”), making financial decisions solely based on these rules of thumb is never going to help you maximize your money and can actually cost you big time long term if this advice isn’t in line with your personal goals and values.

That being said, after working with hundreds of clients, we realize that there are certain beliefs and fundamental principles we operate off of at Peterkin Financial that color the way we look at planning and consequently the way we advise our clients. Client goals and values followed by data and numbers always trump general rules of thumb, but we feel it is important to share them just the same. What follows is a small library of what we’ve coined “Money Basics” so you can better understand our perspective as a planning team.