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

Is Your Credit Score Hurting Your Job Prospects?

Talk with a professional, preferably an unbiased one, if your credit score is shredded and discuss ways that you can rebuild your credit score. Continue reading

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Rules That Are Meant to Be Broken

Sometimes, there are rules that need to be updated in order to keep up with the changing world. Continue reading

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Financial Progress Comes From Changing Our Behavior

The key to making financial progress often lies in behavioral change. But in order to make that change, the drive, the desire, the intensity of purpose must come from inside each of us. Continue reading

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When Is It Worth Hiring an Expert?

My thought process for deciding when to use a “free” expert vs. paying for one comes down to the question of potential bad outcomes. Continue reading

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The Stock Market’s Going to Go Down…Unless it Goes Up

In any case, maintaining true to your goals and asset allocation is a way to ride out the inevitable ups and downs of the market. Continue reading

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The Best Thing I Never Bought

One of the more entertaining parts of the conversation was when we started talking about the great decisions we made by deciding NOT TO do something.

The best thing I never bought…That could go in so many different directions and it did! One of my friends had no trouble with his answer. For him, the best thing he never bought was an engagement ring for his long time then-girlfriend! He had serious doubts about marrying her even though they appeared to be a great couple.

What we, as his friends, didn’t know fully was the extent of her ability to spend significantly more money than she earned and more than he would give her to cover her monthly shortfalls. Continue reading

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Why I Love What I Do

Tweet We usually discuss what to do with your money but not how you earned most of it in the first place. Without trying to sound too much like I’m sucking up to my boss…I’m one of the few people … Continue reading

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Another Celebrity Bankruptcy…

Tweet Here we go again!  Yet another celebrity has filed for bankruptcy.  Dionne Warwick owes over $10 million in accrued penalties and interest from back taxes along with other debts and this combination of debts drove her to insolvency. (Couldn’t … Continue reading

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Determining Your Life Insurance Needs Takes More Than a Calculator

Tweet While I don’t sell life insurance, I get a lot of questions about how much insurance someone should own.  Maybe it’s BECAUSE I don’t sell it that I get the question.  If I sold it, I’d have a vested … Continue reading

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How to Get Out of the Divorce Sinkhole

Tweet Having spent many afternoons on a golf course and being of very limited ability in that sport, I have had had my ball land in some very interesting places.  None of them would be as interesting, though, as the … Continue reading

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