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Succession

By One Wealth Perspectives

Estate planning can be complicated and emotionally stressful. I recently finished the HBO series “Succession,” in which the show takes the concept of the inheritance of a family business to quite the extreme. The show prompted me to reflect on my own understanding of the topic.

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Who Teaches Us

By One Wealth Perspectives

As some of you may know but others may not, One Wealth Advisors has a high school intern! Her name is Nathalee and she is just about to graduate from ICA Cristo Rey Academy, an all-girls college preparatory school in the Mission in San Francisco. Every student at ICA must intern each school year, and we have had the pleasure of getting to know and work with Nathalee for both her junior and senior year.

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Is There a Right Time to Create 401 Memories?

By One Wealth Perspectives

As I was pondering what to write about this week, I decided to take a little break and spend some time on social media. After watching a few videos, I came across one in which this content creator was kind of dismissing the importance of having a 401(k) or saving in general. Her message to the world was that contributing to a 401(k) is “nice”, but she has been able to make 401 memories by spending her money exactly how she wanted and when she wanted to. After watching this video, I could not help but think about how many people may either share her way of thinking or may be influenced by her.

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You got this!

By One Wealth Perspectives

The team at One Wealth has accumulated quite a few full and half marathon runners as of late. Whether there is a correlation between finance and endurance running, I don’t know. I do know, however, that both take having a particular goal in mind and a one-foot-in-front-of-the-other persistence to make it across the finish line. I get such joy in sharing in the excitement of my teammates who have successfully completed the 26.2 or the 13.1, yet I can empathize with those who are facing challenges in their training, too.

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You Should Probably Let it Go

By One Wealth Perspectives

Over the holidays, my dad gave me a stack of wooden blocks wrapped in a bow. They looked like the pieces of wooden railroad tracks my brother and I would piece together as children. Some blocks had poems written on them. Others had small photos of me at various ages. Me on my first day of kindergarten. Me covered in chicken pox. Me dressed as a dalmatian for Halloween.

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Financial Literacy Month

By One Wealth Perspectives

April is recognized as financial literacy month which, according to the department of higher education, reminds us to focus on learning as well as establishing and maintaining healthy financial habits. Over the years I’ve moderated many discussions on how parents could foster a productive financial conversation with their children, but until recently, I’ve been challenged to come up with a succinct way to do so. In a more recent conversation, one of our dear clients summed up my point by saying, ”Oh you mean the three S’s?” With a bewildered look, I said “Excuse me?” They said,” You know, the three S’s: Spend, Save and Share.” BAM! Thanks to them, I can now lead conversations using these three basic principles and for youngsters, I don’t think the conversation needs to be more complicated. For every $1 one receives, consider breaking it into three pieces and start to formulate one’s financial values (or habits). Clearly saving is what is most focused on, and spending is sometimes frowned upon. But why not spend some of one’s money, and consider at an early age sharing it as well.

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Anything is Possible

By One Wealth Perspectives

Traveling with my family to Europe this winter break was truly a transformative experience. Days were filled with excitement and intrigue, and the experience left a marked impression on me. This experience forced me to slow down, take everything in, and appreciate and truly immerse myself in the experience. We spent a lot of time planning and researching, and we wanted to fit in as much as we could in the time we had. Having a plan set up allowed me to fully embrace the experience. It also leaves room to manage those little unexpected life situations that tend to come up no matter how prepared you are. Sometimes those moments can become valuable life lessons.

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Fortune Favors the Bold

By One Wealth Perspectives

You never know where life is going to take you. During undergrad at San Francisco State University, I lived with a cousin who had recently graduated from the same school. One day, she invited me to an alumni dinner and although I was not fully convinced of the importance of going given it was so far outside of my normal activities, I hesitantly agreed.

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#Goals!

By One Wealth Perspectives

I have always wanted to run a marathon. Doing so had been on my “to-do” list for a while, but I kept waiting for the perfect time to sign up (whatever that meant anyway). Last August, I decided 2023 would be the year to finally do it! And let me tell you, that perfect time or set of circumstances I kept waiting for, never came. But I am getting there – with a training plan. Most times you just need to start today, where you are, and that’s okay. Following a training plan has not been easy. You have to wake up every day and make certain choices that align with your end goal and the journey to get there. It takes discipline.

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