My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.
My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.
Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid.
At just seven years old I really started my first first business. I just took all of the junk I didn’t want on my room and literally set up a mini garage sale on my stoop waiting for the other kids to buy. At the age of 12, I created the first pet walking service in my neighborhood (of course my mother hated me for this one), and then quickly got myself into working multiple jobs to make money.
After finishing the tops in statewide accounting tests and being tops in class for math and finance and finishing with almost every single class being an “A” in high school, I was off to Boston College to get my degree.
THEN TRAGEDY STUCK!
The tragedy being that my father passed away. My family was one where dad handled the finances and mom didn’t ask questions. When we learned of what kind of planning my father did, it really wasn’t any planning at all. In fact, he left behind almost $100,000 of credit card debt, had no 401(k), a tiny company insurance policy for $25,000, and left two mortgages on the house. In the wake of this, fortunately my mother had been working hard for 15 years being a public 5th grade schoolteacher. The only real option we had to was to set a plan for her, let her work hard toward a 30 year pension, and create the best situation given the very unfortunate circumstances.
SO WHAT THEN DO YOU DO WITH YOUR LIFE?
YOU TEACH OTHERS HOW TO BE GREAT AT BUILDING A FINANCIAL PLAN FOR SUCCESS!
And that is exactly what I have been doing for the past 25 years….and have the credentials to show you how to do better with your money.
· The Wall Street Journal features me monthly in their Wall Street Journal-The Wealth Management Experts.
· CNN Headline News has me has a frequent guest as their Money Expert
· The Weather Channel has made me the only financial advisor in the country who provides financial advice for emergency financial situations.
· I carry SIX advanced designations from the College For Financial Planning including the CERTIFIED FINANCIAL PLANNER™ certification..
· I was the youngest Field Vice President in the history of American Express Financial Advisors.
· I have counseled more than 20,000 families in my career and have been quoted in more than 150 magazines and newspapers.
SO WHY ARE YOU HERE AT YOUR SMART MONEY MOVES?
My goal with your smart money moves is to bring you common sense financial advice. Most of the major networks and many high falutin financial advisors use words and jargon that may be over your head. What I have learned is that most people are so busy in their hectic schedules that they need easy to implement advice for their daily lives. That is exactly what you’ll get from me in this column, plus some funny insight about our emotions and how we think about our money. So if you are confused about….
· How to get smart on spending less on day to day purchases
· How to pay the least you can in taxes
· How to get free aid for your future college graduates
· How to invest your money in the smartest way possible
· How to buy the right type of insurance
· How to be a smart entrepreneur
There are many successful investing strategies. Warren Buffett likes to buy-and-hold. For Jimmy Buffett, it’s always 5 o’clock somewhere. Some people say diversify (don’t put all your eggs in one basket) to reduce risk. Others look for opportunities that lead to tremendous growth. Let’s take a closer look at “opportunity investing”. There are always Investment…MORE
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS® Co-CEO and Founder oXYGen Financial, Inc. Request a FREE no obligation consultation: www.oxygenfinancial.net The pay gap between men and women is still not close to equal, but there are more signs when it comes to motherhood that the gap is widening even more. For example, one study…MORE
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS® Co-CEO and Founder oXYGen Financial, Inc. Request a FREE consultation: www.oxygenfinancial.net What is a required minimum distribution? (*) You’ll sometimes hear that you have important financial decisions to make when you turn the age of 70 ½. The IRS has never seen a nickel of tax revenue on…MORE
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS® Co-CEO and Founder oXYGen Financial, Inc. Request a FREE consultation: www.oxygenfinancial.net Retirement generally only happens one time in our life. It is that transition period where we hope our work, parental, and personal responsibilities dissipate to the point where we only have to worry about ourselves. It is…MORE
There are certain purchases in our lives that always seem to be nerve-racking. Buying a home, buying a car, and how about pressing that button to officially purchase an airline ticket. While you are truly excited about that skiing trip in Vail or your next worldwide adventure starting in Amsterdam, you might just be concerned…MORE
It’s no secret that people come into the office all the time asking the question, “Can I Take This As A Tax Deduction?” It’s important to get a high-quality CPA on your side as they will be the person who can give you the ultimate yay or nay, but in order to even suggest a…MORE
The Pink Slip. It’s the dreaded official notification from your employer that they no longer need your services. You’ll often hear the corporate rumors flowing within your company about the impending layoffs, but you’ll never suspect that you might be a person on the hit list. We never imagine that we will be that person…MORE
Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS® CEO and Founder oXYGen Financial, Inc. According to the CreditCards.com latest financial infidelity poll, 19 percent of U.S. adults who are in live-in relationships – which equates to 29 million people – are hiding a checking, savings or credit card account from their partner. And 20 percent of all…MORE
The other evening as I was checking client e-mails, a client sent me a short note inquiring about something her sister did with an inherited IRA and quickly after hearing the story I knew it was even too late to give advice. The sister had told the IRA custodian to make a check out to…MORE
You have owned one of those amazing technology stocks over the last decade and you are beginning to wonder…is it time for me get rid of this stock? Or, should you hold on to it like your parents or grandparents held on to their blue chip stocks until the day they passed it on to…MORE
With the Fed raising interest rates again before the end of the year, variable rate interest loans such as home equity lines of credit, variable rate student debt, and most importantly credit cards will be on the rise for 2019. The mean credit card debt of U.S. households is approximately $5,700 according to the most…MORE
As 2018 comes to a close, most of you will be more than happy to wipe away the last three months of stock market woes. With interest rates sure to climb up more in 2019, uncertainty with the China trade wars, and a looming national debt, it has many investors wondering where the best place…MORE
With interest rates creeping up and homesites being built by the droves, many people are wondering what they should do on both the buying a selling side here in 2018. Is it too late to buy home? What interest rate is too much? How can I sell my home quickly? What other factors should I…MORE