Byron Moore, CFP® and Mike Jones

The News Star columns

Embarrassed to ask for help

By Byron Moore, posted July 17, 2017
Originally published in the News Star and the Shreveport Times on Sunday, July 10, 2017.
 

Courage_sm.jpgQ: I am very embarrassed by my financial situation. I know I need help, but I’m just too humiliated to let anyone else see the mess I’ve made. Every time I pick up the phone to call someone I hang up. What do you suggest?

A: I love your honesty.

If you’ve never seen the 2011 film We Bought a Zoo, you’re in for a treat when you do. Matt Damon plays a young widowed father of two. In one scene, he is giving his young son advice on the utterly confusing and intimidating topic of females.

Estate procrastination

By Byron Moore, posted July 10, 2017
Originally published in the News Star and the Shreveport Times on Sunday, July 9, 2017.
 

Inheritors fighting_sm.jpgQ: I own land that I used to farm, as well as a business that I’m in with a couple of my children. Since my wife died, our family has been kind of fractured. Long story. I’m worried that when I make out a will, I’m going to make somebody mad and I don’t want to make anyone madder than they already are. What do you suggest?

A: I recently played my first round of golf. Ever.

I texted a friend whom I knew would be interested (actually, I figured he’d double over in laughter). He texted me back this sage advice, “Don’t despair if you are playing horribly. It’s always possible to play worse.”

Comparison: understanding what you could do vs. what you should do

By Byron Moore, posted July 3, 2017
Originally published in the News Star and the Shreveport Times on Sunday, July 2, 2017.
 

weighing balancing_sm.jpgQ: I have saved up enough money so that I think it’s time for me to invest some of it. I have some friends who make all their investing choices on their own. Others use financial advisors whom I assume they pay somehow. My do-it-yourself friends tell me that using an advisor is dumb because they cost too much. My other friends seem to not mind paying for the advice they get. Who’s right and how do I decide which is best?

A: We never get as far away from junior high as we think we do.

Real world financial fitness

By Byron Moore, posted June 26, 2017
Originally published in the News Star and the Shreveport Times on Sunday, June 25, 2017.
 

financial fitness_sm.jpgQ: What does it mean to be financially healthy in the real world? What would that look like for an average working person?

A: Remember when jogging was born?

OK, maybe not born, but at least made popular. In the late 1970s two things converged to explode the phenomenon of human beings trudging up and down neighborhood streets in search for the fountain of youth.

How do I develop discipline when I’ve never had it before?

By Byron Moore, posted June 19, 2017
Originally published in the News Star and the Shreveport Times on Sunday, June 18, 2017.
 

Discipline Freedom_sm.jpgQ: How does a person develop discipline when they have never had it before? This applies to many areas of my life, but money is a big one. I’ve just never been disciplined enough to make much progress financially. To be honest I wish I could just wave a magic wand and have it done for me.

A: There are no short cuts or magic tricks that will make you instantly disciplined.

Will my early retirement mean long-term worries?

By Byron Moore, posted June 12, 2017
Originally published in the News Star and the Shreveport Times on Sunday, June 11, 2017.
 

budget math.jpgQ: Our grandchildren live in another state and we are seriously considering moving to be closer to them. Work is stressful and I’d love to be done with it sooner than later. How do we know if we are ready to retire early?

A: Today’s stress always feels heavier than yesterday’s worries or tomorrow’s woes.

Will Social Security be there when I retire?

By Byron Moore, posted June 4, 2017
Originally published in the News Star and the Shreveport Times on Sunday, June 5, 2017.
 

SSA money_dm.jpgQ: Should I plan on Social Security being there for me when I retire?

A: Yes, if you are a worker covered by Social Security, you’ll receive a monthly income from Social Security when you retire.

Working for a living or living to work?

By Byron Moore, posted May 30, 2017
Originally published in the News Star and the Shreveport Times on Sunday, May 28, 2017.
 

Life Work_sm.jpgQ: I think I've made a terrible mistake. I'm in my mid 50s and my adult son just came to me and told me he feels like he's lost his father. We used to go fishing and hunting all the time, but then work picked up and I really did give up everything else to focus on that. His words cut me pretty deep, but I know he's right. So how does a workaholic like me slow down enough to live life, but still work hard enough to make enough to live on and save?

A: It sounds like you're figuring out why you are alive.

It’s a good idea to ask yourself on a regular basis, "Am I working to earn a living or working to earn meaning?" You sound as if you're at one of those inflection points in your life. If so, here are a few things to consider:

Talent is overrated

By Byron Moore, posted May 10, 2017
Originally published in the News Star and the Shreveport Times on Sunday, May 7, 2017.
 

Talent_sm.jpgQ: The most difficult thing in my business is finding talented people. Everybody’s a superstar on their resume, but when they come in for an interview it’s a different story. How do you find talented people?

A: Unicorns and all-stars are often hard to come by. In fact, I wouldn’t waste my time looking for either.

Practice a physician paradigm with any advisor

By Byron Moore, posted May 1, 2017
Originally published in the News Star and the Shreveport Times on Sunday, April 30, 2017.
 

wellness_sm.jpgQ: I’m thinking about leaving my broker. He had a hot hand for a while, but it seems like he’s lost his touch here lately. Aside from asking friends, any tips for finding one?

A: Before you change brokers, you might want to change your paradigm.

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