Author Archives: Michael Smith

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About Michael Smith

MBA, CFP®

Michael Smith is a Resident Financial Planner at Financial Finesse with over 15 years experience in financial planning and service. His primary role is in service delivery of Ask-a-Planner Days, and the Financial Helpline.

He writes weekly on the ins and outs of daily life as a financial educator.

He has an extensive background in the full service financial services, banking, accounting, and financial planning industries. He achieved the CERTIFIED FINANCIAL PLANNER™ designation in 1999 and joined Financial Finesse in April 2010.

Favorite Blogs: Darwin's Finance, Zero Hedge.

Fun Fact: Played rugby for a long time & still has all his original teeth, but has had four knee reconstructions.

Favorite Quote: "Never drink a beer you can see through." -Self

Twitter: @MSmithFinFiness

Are You Lip Syncing Through Your Financial Life?

I’ve recently become a huge fan of the show Lip Sync Battle. Seeing celebrities “sing” the hits of their favorite artists while doing some very entertaining dances is absolutely hilarious. While it’s one of my guilty pleasures and has led to some world class laughter (“The Rock” as Taylor Swift, Anne Hathaway as Miley Cyrus, Channing Tatum vs. Jenna Dewan Tatum), in one of my odd “connect the dots” moments, I realized that I was having a conversation with someone who was lip syncing her life. Read more

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What A Sleazy Financial Advisor Is Really Telling You

In a long rambling conversation around a fire pit, perhaps involving an adult beverage or two, the conversation turned to a name that I hadn’t heard in a few years….Bernie Madoff.Because I’m a financial planner and no one else around the fire was involved in the financial services business, somehow I was the “designated expert.” Everyone wanted to know the “secret language” spoken by sleazy financial advisors like Madoff and what it means. So here is a half-lighthearted, half-serious attempt to translate some sleazy financial “advisorese:” Read more

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stock market decline

Worried About the Stock Market Decline?

The first two weeks of 2016 have been horrible for the stock market.  The Dow Jones Industrial Average lost 8.25% from 1/1 through 1/15.  That is a bad year and it only took 2 weeks!    Read more

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Lottery Balls

What If You Won the Powerball Lottery?

As I type this, the Powerball lottery jackpot stands at $1.1 billion. Yes…that’s BILLION with a B: 1,000,000,000 – nine zeroes. As a CERTIFIED FINANCIAL PLANNER(TM) professional, I can attest to the fact that that’s a whole bunch of money! It’s fun to listen to the radio and hear what people would do with that kind of windfall. As with almost everything, there is both good and bad to what could be viewed by most people as an all good scenario.  Read more

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Are You Financially Fearless?

I love stories about things that don’t always go together. Sometimes it creates a wonderful combination. That’s why when I read this story about a Siberian tiger that isn’t eating the goat it was fed (and is actually becoming a good buddy of the goat), it brought a smile to my face.  Read more

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Happy 2016!

We at Financial Finesse hope your 2015 was a memorable year. Here’s one thought for a New Year’s Resolution: Make 2016 your Financial Independence Year!

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Merry Christmas!

Financial Finesse wishes you, your family and your friends a very Merry Christmas!

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Nomads Don’t Have To Be Hobos

For some reason that I can’t quite figure out, I’ve been getting a bit contemplative about my future lately. Maybe it’s because my daughter is about to turn 20 and she’s been reminding me that I’m very old and falling apart so I should think about my future while I am still lucid. Letting my mind wander a bit to what my life could look like when my youngest goes away to college and I’m officially an empty-nester (unless they move back in!), I realized that I have a lot of options on the table. For my job, all I really need is a telephone, a good Wi-Fi signal and an airport. Those three things are available virtually anywhere on the planet. Read more

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Financial Lessons From a Rugby Field

As I write this, I have clothing in the dryer and when it’s done, I’m throwing some of it in a bag and hitting the road. The university where I played rugby is playing in the college national championships this weekend. Some of my old teammates are the coaches and I’m still involved with the team in various capacities. I will probably be watching game tape of our Saturday opponent in the round of four and if we win (yes, I still say “we” when talking about a group of college kids playing rugby), I’ll spend part of Saturday night breaking down tape with the coaches for our Sunday opponent in the National Championship game. I’m pretty excited and can’t wait to hit the road to see the boys play with the prospect of a national championship trophy in reach.  Read more

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One Of The Most Important Financial Steps You Can Take

During our preparation of Thanksgiving dinner, my kids and I had a conversation about our family. There have been a lot of changes in the family over the last year or so. There have been several deaths, several births, several weddings and a few events that I’m probably forgetting as I write this.   Read more

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