In my opinion as a financial planner, you need to invest if you want to grow wealth. Participating in financial markets is a great way to get your money working for you so you can increase your assets over time.

But this path is littered with potential pitfalls that you need to avoid if you want to have a positive outcome in the long run. And for most people, it’s more important to avoid big mistakes than it is to consistently hit home runs.

To help you do just that, here are 4 mistakes to watch out for with your…

A version of this article was written for & originally published on Business Insider

Have equity compensation and feel overwhelmed by the decisions you need to make around it? Don’t let that stop you from managing it well!

Whether you want to prioritize simplicity, eliminate as much risk as possible, or reduce the amount of difficult choices you need to make in your financial life, this basic approach to managing your equity compensation can help you avoid analysis paralysis and actually allow you to leverage the equity you own.

First, Know What You Have

Before we get to the basic outline of what we often…

This blog post was originally published on Beyond Your Hammock

Do you know how much money you save right now?

And perhaps more importantly… do you know if it’s enough?

Percent of income saved is one of the leading metrics we use at Beyond Your Hammock to determine if our clients are on the right track to meet their biggest goals.

We also use our own advice in our personal lives. Saving 40 percent of income is one of our biggest personal financial goals every year, because we know how powerful this action is for those who want to grow…

At our financial planning firm, we focus on helping professionals in their 30s and 40s. That means we’re constantly seeing clients go through big life transitions or working toward significant goals.

Between buying homes, starting businesses, growing families, advancing careers, traveling the world, upgrading lifestyles, and more, there are a lot of achievements that our clients want to secure — and that often means talking about and planning for major financial milestones.

Through thousands of financial planning conversations, we’ve learned a thing or two about the kinds of milestones that really matter… and they probably don’t look the way you’d…

This article was originally written for and published on Kiplinger

Hiring a financial adviser is a big decision, and one that you should weigh carefully before jumping in. That means not just doing your research, but maybe even a little personal soul-searching to determine if you’re at a place where you can truly tap into the value a professional can provide.

If you’re on the fence in the debate on whether or not to hire a professional, consider these five points that cover some arguments “for” making the move, and a few “against.”

Yes: When You Don’t Have the Time or Energy to Dedicate to Proactively Managing Your Financial Life

If you have big ambitions for your…

This post was originally published on Beyond Your Hammock

Most of my clients are in their 30s and 40s, and many of them are either starting families or adding to them.

Many of these soon-to-be parents ask me, “how much do we need to save before having a baby? What should we have in the bank before we start thinking about having kids?”

It’s smart to think of this, and in general, it’s wise to do some financial planning so you can feel confident that:

This article was originally written for & published on Business Insider.

Interested in starting your own business? You’re not alone. Applications for business formations have exploded since the fall of 2020, according to Census Bureau data.

I’m certainly biased toward entrepreneurship. It’s the path I chose for myself and found far greater success with than I believe I could have achieved in a more traditional employee role.

But that doesn’t mean starting a business is for everyone, or that if you choose to make the leap, you can skip over the planning phase. …

This article was originally written for and published on Forbes

As a financial advisor and owner of an independent financial planning firm in Boston that specializes in helping 30- and 40-somethings with wealth management, I’ve had thousands of conversations with up-and-coming professionals about their money.

A lot of those conversations focus on how to manage their challenges and maximize their financial opportunities — which include leveraging strong incomes to build significant assets.

But some of the conversations I have with people are about how they can undo some of the serious missteps they made before they reached out to a…

This post was originally published on our blog at Beyond Your Hammock

For most people, the phrase “trust fund baby” does not come with positive associations.

It’s a description that conjures images of spoiled children that may grow up to be dilettantes as adults; of people that seem divorced from the reality of working for a living or being financially responsible for their own futures.

But setting up a trust fund for kids can actually be a useful — even essential — financial planning tool for more families than our preconceived notions about trusts might lead us to believe.


We originally published this piece on Beyond Your Hammock

A lot of general money advice focuses on the fundamentals; there’s no shortage of tips out there that promise to teach you how to save, budget, spend less, and maybe even make more.

This advice is important, and shouldn’t be dismissed. You can’t reach major success without mastering the basics (and in fact, more than a few financially successfully people could still benefit from a review of the 101 level of financial education from time to time!).

But at some point, you need more. Basic tips can get you started in…

Eric Roberge

#FinancialPlanner helping 30 & 40-somethings build #wealth & think differently about #money • Top #FinancialAdvisor in #Boston •

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