240-428-1622 | info@shermanwealth.com

Millennials

Financial Planning Information

Sherman Wealth Management provides you with relevant financial planning information to give you the resources you need to make informed choices. Read through our posts below and contact us to set up a free call for more information on creating a custom financial plan.

April 4, 2017

8 Financial Mistakes to Avoid in Your 20s and 30s

Your 20s and 30s are an exciting time. You’re starting to build the life you envision for yourself, or perhaps you’re still seeking out new experiences to learn more about yourself and your goals. These are years when we expect to learn and grow by exploring jobs and careers, cultural experiences, social experiences and other […]
February 6, 2017
financial plan

Your Financial Plan Depends on More Than Your Age

Your Financial Plan We live in a time of great personal freedom when we have the opportunity to choose our own life goals and paths. While it’s true that very few 26-year-olds are likely to be retiring, you might be that lucky one who just sold an app to Facebook and is considering philanthropy. While […]
December 9, 2016
developing a financial budget

3 Ways to Make Budgeting a Success in the New Year

At the end of each year – and the beginning of the new one – most of us think about things we’d like to accomplish in the coming year. It’s a time we engage in self-reflection, ideas for self-improvement, and new – or ongoing – resolutions and goals. One of the most common resolutions is […]
September 20, 2016
lifestyle creep

Got a Raise? Here’s How to Avoid Lifestyle Creep

We work with a lot of young professionals and because of that, we get the pleasure of seeing many of our clients progress up the ladder in their career. With this often comes more responsibility but also more money. A raise is something you should be proud of as it represents the payoff from the […]
August 18, 2016
Summer Intern

Summer Interns: Time to Focus On Long-Term Gains

The light at the end of the tunnel is nearing for America’s summer interns. Full-time offers will be tendered, sighs of relief exhaled and paychecks cashed. Interns who receive offers will be bright-eyed with lofty visions of moonshot careers at their new place of employment. As these interns begin to accept the end of college […]
August 3, 2016
Fear of Investing

Fear Keeps Millennials on Investing Sidelines

Millennials are nervous about investing. Recent surveys have shown that 70% of millennials keep their savings in cash rather than invest it in the stock market. But by not investing early on, these people in their 20s and early 30s miss out on the key advantage they have at a young age: time. Because your investment […]
June 27, 2016
4 Healthy Financial Habits

4 Healthy Financial Habits to Develop Now

Our habits play a crucial role in our ability to meet our goals and become who we want to be. Bad habits — whether it’s biting our nails, overeating, smoking or something else — create roadblocks on the path to becoming our best selves. And it’s no different when it comes to our finances. Bad […]
June 9, 2016
Investors Can Be Their Own Worst Enemy

Why Investors Can Be Their Own Worst Enemy

Investors often think they are doing better than they actually are. But the reality is that most investors are actually underperforming their benchmark. Two recent articles regarding behavioral finance — Which Investor Personality Best Describes You? and 8 Common Investor Biases That Impact Investment Decisions — detail a concept which is the thought that our […]
June 1, 2016
financial planning for Millennials

Where Millennials Can Turn for Financial Advice

We live in a fascinating time. The biggest wealth transfer in history is beginning, as Millennials will soon become the wealth bearing demographic in this county.  Not surprisingly, as we pointed out in a recent blog post, personal finance is a huge issue for many Millennials. But where can a Millennial turn for advice? Goals, […]
April 25, 2016
Personal Finance

Personal Finance – Why Didn’t I Learn That?

I recently returned from a reunion weekend with some of my college buddies. We caught up on wives, kids, work and all the other important parts of our lives. One thing struck me about the conversations, no matter whether I was speaking with liberal arts majors or those who studied corporate finance: While we all […]