Your Planner Would Disapprove!
Topic: Human Interest, Wealth Planning
January 22, 2020
Image used with permission: iStock/SDI Productions
On a Side Note…
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Your Planner Would Disapprove!
A core part of our business at Nexus is incorporating wise financial planning advice to go alongside the high-quality investment management philosophy we espouse.
The exercise of going through a plan often reveals that achieving good returns is not nearly as powerful a predictor of long-term success as is the length of time you are able to work or how much you spend.
Dianne White and Brad Weber, who do the planning work at Nexus, do their best to let clients come to their own decisions about spending. But this key driver of long-term financial success is largely in the control of our clients. So, while they might reserve judgement in many situations and allow clients to come to their own decisions, I know they would ‘blow the whistle’ if a client were regularly taking advantage of the new partnership announced by ticket marketplace StubHub and financial technology company Affirm.
Just in time for the Super Bowl these two innovative companies have announced that you can now buy Super Bowl tickets and pay over time! To quote the press release, “Whether you’re just looking to get in the door or want to feel like a VIP, we have a seat for your budget.” To get started, all one has to do is provide some basic financial information and wait a few seconds for approval. Then they can buy tickets and spread the cost over time at interest rates ranging from 10% to 30%.
If your budget is a little tight, but your bucket list includes watching the ‘Niners and the Chiefs or Shakira and J.Lo, go ahead and head on down to South Beach. Financial innovation makes it possible for you to act like a high-roller. Just don’t tell your planner!