Dealing with the Loss of a Spouse

The death of a spouse can be one of life’s most devastating events. Complicating matters, during a time when a surviving spouse may feel as though they are unable to deal with life’s routines, many new tasks will need to be taken care of. Seeking the support of others may be important, whether it be family members, trusted friends or even professionals.  
Here are some financial steps that may need to be undertaken while navigating this difficult time. Many of […]

Kids & Wealth: To Shirtsleeves in Three Generations?

There is a saying, “from shirtsleeves to shirtsleeves in three generations,” which suggests that wealth gained by a family can easily be lost in just three generations. As such, many wealthy families are now focusing on teaching children how to manage money to try and encourage its longevity.   
Instilling sound financial values at a young age can be relevant for any family to improve financial success. Here are some ideas to get children started on the right path:  
1. Start with your Money […]

What it Means to “Live Wealthy”

What do we really mean by Live Wealthy when we consider how to best manage our clients’ finances? At Precision Wealth, we believe this means something much deeper and more significant to the human experience than traditional definitions suggest.

First, let’s consider the definitions:

Definition of “wealth”  welTH – Noun

An abundance of valuable possessions or money; e.g., “He used his wealth to bribe officials.”
Affluence, prosperity, riches, means, substance, fortune:

the state of being rich; material prosperity; e.g., “Some people buy boats and cars to display their […]