David Justin Urbas - Why Do People Like Balanced Budgets?

I’ve spilled a lot of ink over the last decade talking about debt, deficits and sectoral balances. My broader points have been largely proven right over that time:
The US government does not operate like a household or business and operates with an inflation or currency constraint and not a traditional solvency constraint.
The US government was never at risk of a solvency crisis and its bonds were never at risk of default.

Government debt bolstered private sector balance sheets during the financial crisis and the deflationary bust and never posed a risk of hyperinflation.
US government debt does not compete with private sector debt in a loanable funds model and therefore never posed a risk of causing high interest rates.
There are a lot of moving parts in this discussion so we should be careful about generalizing. But I’ll try to keep this relatively simple.

Balanced budgets are attractive for an obvious reason – they imply fiscal responsibility. Running a persistent deficit implies fiscal irresponsibility. Of course, life is more complex than that. For instance, at the aggregate global level all balance sheets balance. Balanced budgets are the natural state of being. But we’re necessarily talking about a more micro case of governments and households so let’s dive deeper.

More at: http://www.pragcap.com/why-do-people-like-balanced-budgets/

11 Financial Advisor Red Flags That You Should Never Ignore

I'll preface this list by saying that most financial advisors are ethical and knowledgable professionals. But as with every profession, there are always exceptions. There are specific red flags in this industry that could be indications of a larger problem, such as unethical behavior. While most of these on their own may not be immediate deal-breakers, encountering one of these flags should set off warning bells. Red flags can present themselves at any time: during the first interview, in the beginning of your relationship or even years into the partnership with your advisor. If you come face to face with one of the below situations take notice, evaluate the relationship as a whole and most important, trust your gut. If something feels wrong, it probably is.

They talk more than they listen. This is especially true in the first interview. They need to tell you about their practice, but the primarily focus should be on you. Not asking about your goals, needs, risk tolerance, history, family and fears means they are not trying to get to know you, and what is best for YOU.

They promise they will beat the market. If they can beat the market, why are they still working? They should be focusing on growing their own wealth (and living on their private island!). As the Efficient Market Hypothesis describes, the market is extremely proficient at pricing securities. Thousands of analysts study the market so when new information appears, the market reacts quickly by increasing or decreasing prices. While it does happen, it's rare to consistently outperform the market (there's only one Warren Buffett).

More at: https://www.forbes.com/sites/lizfrazierpeck/2017/05/15/11-financial-advisor-red-flags-that-you-should-never-ignore/#dc5e9e06cb1b

David Justin Urbas - Top Reasons You Should Avail Financial Advisor Services

Finances are one of the key aspects of our lives, which needs effective management and handling. Many of us face financial difficulties in our day to day lives, as we cannot find the balance between income, savings and expenditure. If your finances have deteriorated and you require a helping hand, hiring a reliable financial advisor is your best bet. They can work with you to understand your current financial situation, and help you make informed decisions for the future. They can offer the best advice regarding property and other investments, tax returns, and other financial matters. Financial advisors work with a large variety of clients, from individuals to businesses. You can rely on them to secure your finances for a better future.

Financial advisors have extensive knowledge and expertise about handling personal and professional finances. They can suggest the right decisions to take, in order to reach your financial objectives. If you are in debt or wondering if an investment is too risky, you can communicate your concerns, with able and experienced financial advisors. Going with an independent financial advisor is a preference for many, as their services are a lot more flexible and cost-effective. David Justin Urbas is one such notable US based financial advisor, who offers various services, including everyday money management tips.

Let us look at some of the top reasons for hiring qualified financial advisors - 

1. Save more - Financial advisors can help you save more, every week, every month and every year. These little savings can go a long way into securing your future finances.

2. Get free of debt - If you are currently facing debt, getting in touch with a financial advisor is a sound decision. They can implement strategies to rid you off your debt, and help you start afresh.

3. Meet financial objectives - If you have short or long term goals that you are struggling to achieve, financial advisors can show you the right way to do so.

4. Secure your business - Expert financial advisors can help business owners who are struggling with financial burdens, can minimize risks, handle costs more efficiently, and boost their profit margins.

5. Be worry free - If your finances are the cause of your worries, consulting with an advisor can be of help. They can suggest the right steps to take, in order to ensure healthy finances, for now and for the future.

6. Intelligent investments - Investing is an area which should one should be extra cautious about. Advisors work with clients to help them make the most intelligent investment decisions. They will also tell you which investments are risky and should be avoided.

7. Stay happy - If your finances are in order, you are worry free and happier. All-inclusive financial management and qualified advice from advisors, can help you enjoy your life.

8. Better retirements - When you eventually retire, ensuring your financial security is a major task. If you require financial advice during or following your retirement, get in touch with an experienced independent advisor.

These are some of the key reasons for hiring financial advisor experts. If you require help regarding your finances, they are ready with the appropriate solutions.

David Justin Urbas - Is The Advisor Talent Shortage Just A Mirage?


In most financial advisory firms, compensation for employees is more than 3/4ths of a firm’s total expenditures. Which means trends in compensation can have a very significant impact on the profitability and success of an advisory firm business. And the urgency of advisory firms to control compensation have become acute in recent years, as a projected wave of advisors retiring and a dearth of young advisor talent suggests that advisor compensation will rapidly rise, squeezing the margins of most firms.

Yet the latest industry benchmarking studies from Investment News and FA Insight find that, despite the fact that the headcount of financial advisors has already declined by 15% in the past 6 years, advisor compensation growth has remained remarkably sluggish, with little evidence whatsoever of an advisor talent shortage.

Instead, the industry studies find that the largest advisory firms are competing for talent by paying healthy salaries, supported by incentive compensation that allows them to be flexible in a bear market, and using their offer of a career track as an incentive to attract the top young talent. In the meantime, the firms are paying very modest raises, counting on the top advisor talent to satisfy their hunger for financial success by climbing the firm’s career track ladder from support advisor to associate to lead advisor, and ultimately to partner.

More at: https://www.kitces.com/blog/2015-compensation-trends-in-financial-advisory-firms-does-the-sluggish-growth-of-average-financial-advisor-earnings-mean-the-young-talent-shortage-just-a-mirage/

Independent Financial Advisor Can Help You Plan Ahead with Confidence

Managing finances and maintaining a favorable financial condition are challenges that are faced by everyone from individuals to businesses of all sizes. Many of us are confronted with tough decisions while maintaining the balance between their income and expenditures. Savings are another crucial aspect that must be a priority for a better financial future. If you are struggling to manage your finances, you can benefit from the reliable services of professional advisors. Based on your current financial situation, sources of income and spend, they can formulate custom financial strategies.

Most of us have short or long term financial objectives, which we try to achieve with our hard work and dedication. Maybe you want to own a new property or vehicle, or finance your child’s future education, or just save up for a comfortable retirement. You might be worried that there needs to be enough savings for an important medical procedure, or want to go on a trip around the globe in the near future. All these wishes and necessities leave a significant impact on you financially.

Managing Finances Effectively with Help from Qualified Experts

Whatever you earn might be just enough to maintain a quality lifestyle, and a chunk of it goes out for taxes which need to be filed. If you are a small business owner who is finding it hard to generate profitability and ending up spending a lot on operations, your finances might be in disarray.

Seeking help from a qualified and experienced advisor might be an intelligent decision to get the blueprint for effective financial management. It is no secret that all our lives are different, and so are our financial needs and standards of living. A financial expert can offer the right advice, which is customized based on your financial needs. They can determine whether an investment is a risky proposition, and suggest the best financial steps moving ahead. Notable financial experts such as David Justin Urbas work with individuals and businesses around the USA, offering quality financial advice and management services.

Let's look at some ways you can benefit by consulting professional financial advisors - 

1. Financial experts work with clients and business owners to understand their financial needs.
2. They create customized financial plans to ensure and maintain the financial situation of clients.
3. They conduct extensive research to find and suggest the best investment opportunities and insurance options for clients.
4. Financial experts provide the best options of wealth management, as well as savings, savings, retirement, investments and insurance.
5. They can help individuals and businesses with tax preparation, filing tax returns, managing investment returns and estate planning.
6. Advisers can help you with making subtle lifestyle changes and financial decisions, which can prove substantially beneficial in the future.

Independent financial advisors are approachable and can be consulted without any hassle on part of individuals. They are better at creating custom financial plans, as opposed to representatives from financial advisory firm. DO ensure that the advisor of your choice, provides services that comply to legal regulations of financial services.

The right advisor can turn your financial destiny around, and move you towards a more secure future. 

Yes, You Can Run a Business and Still Have a Life! Here’s How

When you work for someone else, your responsibility is to do a few of the tasks needed to keep a business running. When it’s your business … you do everything. All the time. At least at first.

Lots of new business owners work around the clock. They neglect their health, families, and friends. These can be pretty dark times. Exciting! Yet dark.

I’ve been there. When you first strike out on your own, it’s exhilarating. You control your time! You no longer answer to a boss! You can work from anywhere! You’re no longer limited to two weeks of vacation!

But this also means you work a lot harder. You invested all this time and money into an idea and you’ll do everything you can to see that investment pay off. So what’s another 60-hour week? What’s another vacation where you’re always on your laptop?

It doesn’t have to be this way, but it usually starts out this way. After some trial and error, I’ve found a way to run Gen Y Planning that allows me to have a life outside of work. Yes, you can be an entrepreneur who goes to the gym three times a week. You can work from home and still find time to leave the house every day. You can make time to meet with clients and make time for your family and friends, too.

More at: http://genyplanning.com/2017/04/19/yes-can-run-business-still-life-heres/

How Millennials Are Doing Money Management Differently

We’re no stranger to how different life looks for millennials when compared with previous generations. The internet and mobile technology have fundamentally changed how we carry out our personal and professional lives.

Money management is another part of daily life that’s getting a makeover now that millennials are coming of age. From earning to investing money, Generation Y is doing things a bit differently.

Little Faith In The Stock Market

One of the most significant differences between the millennial generation and Baby Boomers is the former’s aversion to risk. Millennials are likely to purchase a more comprehensive healthcare plan even if it means higher monthly premiums. They’re also much less likely to invest in the stock market than previous generations.

If there’s a generalization about millennials that seems to hold water, it’s that they’re more skeptical than previous generations and more likely to keep their savings in a checking account or even cash. Thanks to their general mistrust of the government’s fiscal direction and the average corporation’s profit-first mentality, millennials tend to avoid investing in the stock market altogether, fearing the risk won’t pay off.

More at: https://www.forbes.com/sites/sarahlandrum/2017/04/28/how-millennials-are-doing-money-management-differently/#391b89d823d8