Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that President-elect Trump plans to nominate former Securities and Exchange Commission (SEC) Commissioner Paul Atkins as the next SEC chair, replacing Gary Gensler. Atkins’ previous time on the commission and more recent statements suggest that he … Read more
I firmly believe that above-average wealth is largely a result of luck – around 60% – 70%. If we fail to recognize our lucky financial breaks, we risk confusing our abilities with good economic times. This overconfidence can lead to poor decisions and increase the likelihood of financial ruin. Since starting Financial Samurai in 2009, I’ve witnessed … Read more
123rf Teaching teens about money management is one of the best investments you can make in their future. Financial literacy for teens lays the foundation for smart decision-making, responsible spending, and successful saving. Whether they’re planning for college, dreaming of entrepreneurship, or just learning the basics of budgeting, the right resources can make all the … Read more
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that a recent study from Cerulli Associates shows that consumer trust in financial services companies has increased significantly over the past decade, with firms that provide a more personalized approach to providing financial advice seeing the best … Read more
McKinsey estimates that AI—and generative AI in particular—could contribute up to $340 billion annually to the global banking sector, accounting for approximately 4.7% of total industry revenues. This includes leveraging AI to significantly enhance financial planning and analysis (FP&A) processes by automating routine tasks such as accounts payable, journal entries, data gathering, and reporting. Early … Read more
