The Money & Life Project Profile: Andrew Creation by A. Marie

1. andrew.
Part V: Redefining Life in
Retirement, Post-Divorce
AGE62|DIVORCED|EMPLOYEDPART-TIME|MALE
3
1. On a scale range of 1-5, how confident do you currently feel about your
financial standings?
2. What do you believe was your biggest misconception about the relationship
between money and investing?
3. What is your biggest regret about investing?
4. Is there a particular stand-out financial decision you made and are proud of? If so,
what is it and why?
I made some stock purchases on my own and they performed well. This was a
proud moment for me, as I felt I was able to steer the way for success in that
particular instance.
5. What, if anything, do you currently wish you knew more about when it comes
to finances?
6. What creates the most stress for you in the financial aspect of your life? How
do you deal with it?
7. Do you have any advice for younger generations about how to handle money
and/or perceive financial investing?
It is difficult to understand the plethora of product investment choices and going
through the procedures can be confusing.
I implicitly trusted my last financial advisor and was not as actively-involved in
my account performance and allocations as I should have been.
Improve my comprehension of financial knowledge and products across the board.
Understanding the products.
I don't know that I have a lot of stress because I am not selling right now - and if I
am not selling, I'm not losing! I have a good relationship with my current advisor. I
suppose my biggest stress factor is the question of if my money will last as long as
I do.
Oh, yeah! Definitely budget and plan. Remember - just because you have a credit
card with a limit on it does not mean that you can afford to spend it! Bad financial
decisions come back to you sooner or later...generally sooner. It's never too early to
save. Save as much as you can. You have to be disciplined, even if you are putting
away $50 per paycheck. It will help you in the long run.
When it comes to student loans, pay off a little bit more per month if you can still
afford to live comfortably. For example, say you have $111.00/month owed. Try
paying off $150 or $125...it can save you money otherwise spent on interest in the
long run!
*Names have been changed to protect the identities of those interviewed. All interviewees willingly participated in this project without a reward
incentive. The opinions of those expressed in these written features do not necessarily reflect those of the Associates of Sunrise Wealth Advisors.
MONEY & LIFE
*
I used to be a paper
millionaire. Then, I
got divorced and
now I'm pinching
pennies.
A.M
arie