Author - Sherrill St. Germain, CFP®

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3 Lessons in Risk Tolerance
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3 Money Saving Tips For Your Next Vacation
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How To Test Your Plan Before You Make Your Career Change Leap
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How To Create a Budget That Works
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From Unemployed to Self-Employed… Here’s What You Need to Get There

3 Lessons in Risk Tolerance

On a recent family outing to Nashoba Valley Snow Tubing Park, I was presented with an unexpected opportunity to deepen my understanding of my own risk tolerance. I also came away with some new insights into just what a slippery concept “risk tolerance” is — whether in the context of sliding down a steep slope on a tube or designing a portfolio for a client. Here’s what went down and why it matters to your money.

First, some background:

This was the 2nd Annual Family Snow Tubing Day, because everyone had so much fun last year. I, for one, had …

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3 Money Saving Tips For Your Next Vacation

I returned from my recent vacation — cross-country skiing at Lake Tahoe — with all of the wonderful memories, images, and souvenirs normally associated with visiting a destination of such legendary, stunning beauty. But I also came back with some takeaways of a decidedly more practical nature. It’s true: Not even the sweeping view of snow-capped Sierra peaks against the backdrop of yet another Blue Bird Day (local-speak) could entirely distract me from noticing some high-impact personal finance lessons I couldn’t wait to share.

So here are some money-saving vacation planning suggestions based on what I learned on my winter …

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How To Test Your Plan Before You Make Your Career Change Leap

Analogy junkie that I am, I’ve drawn comparisons between financial planning and bike racing, gardening, cross-country skiing, surviving in the wild, organizing, high school, and personal training.  So it’s surprising that I’ve never drawn on my pre-career change experiences as a software product manager when writing about personal finance — especially since I see parallels between the two often.  No matter, that streak ends now, and here’s why: the concept of “Beta testing”.

Those from the world of software development know that Beta test is the last phase before a product is officially released, and its purpose is to test …

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How To Create a Budget That Works

Article in Summary:

  • Successful budgeting is all about developing a system that works for you, not others
  • There are 3 different elements that help you design a successful budget
  • Not spending hours entering, categorizing, and analyzing data, is really the point of this whole exercise

First Jeff Yeager in his latest book “The Cheapskate Next Door”, then financial journalist Liz Weston. Now it’s my turn to come out of the closet, so to speak, as a financial professional who doesn’t keep a “budget”, at least not in the traditional way. Don’t get me wrong! As many of my clients can …

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From Unemployed to Self-Employed… Here’s What You Need to Get There

According to a new CareerBuilder survey, many are taking matters into their own hands when it comes to earning a living, with more than a quarter of those laid off in the last six months pondering self-employment.  With the job market still so tight and the rewards of self-employment great, it’s no wonder.  Once an exciting new business idea strikes, enthusiasm and optimism soar, and it’s tempting to dive right into the new venture.

But a prospective self-employed – especially one whose financial situation has been made more precarious by a layoff — is wise to test the waters …

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