Entries by Michael Rivas

Budgeting for Coffee Sucks, Try This Instead

Trying to cut back on your spending gets tedious when you focus on minute details. Yes, it’s important to track every dollar — but to feel anxious about spending on small purchases that you value because you’re trying to save more and spend less? That can quickly lead to budget burnout.   Preparing for and […]

In Times of Change, Focus on Your Financial Plan

No one can guarantee when the markets will go up or down. Lots of talking heads and so-called “experts” like to claim they know when factors like news items or current events will impact how the stock market behaves, but it’s all guesswork. It’s extremely easy to get caught up in a 24/7 news cycle […]

Generation X? I feel your pain!

Generation X has some problems—and not just their own. Perhaps the biggest one of all is that this group has everyone else’s problems too! On one hand, they’re dealing with aging parents. On the other hand, they have young kids, college-aged kids, or adult kids who are moving back home or need financial support because they can’t […]

Michael Rivas quoted in Investment News

The following content originally appeared in an article by Liz Skinner on Investment News on Nov 8, 2015. Forget boomers and millennials, Gen Xers need advisers’ help the most Even though they are in their peak earning years, they have the poorest financial habits Armando Castellano: Gen Xer turned to financial adviser for help with budgeting. Despite […]

A New Age of Opportunity

    Change may be a given, but even when we know it’s for the better, shifting our own thinking can be quite a challenge. Charlie Chaplin’s film Modern Times is a classic—not only because it’s Chaplin at his most brilliant, but because it does such an amazing job at contrasting the positive and negative […]

Is “breaking news” killing your financial plan?

    The financial journalists have been in their glory these last few weeks. Greece was a great headline grabber, as was the exciting reaction to the craziness by the US and global markets. It was better than football, basketball, and baseball seasons all wrapped into one. Why? Because it got people tuned in and […]

7 Steps to Start Building Wealth Now

I have the same conversation with my Gen X clients all the time. We start digging into the details of their finances, and we see the debt piling up. And while certain debt is reasonable—particularly for appreciating assets like a home or business—racking up debt for depreciating assets does something most people don’t even realize: […]