Potomac Financial Group’s Newsletter
This time of year marks a significant transition for many young adults as they head off to college for the first time. I am especially mindful of this now more than ever since my daughter, Lilly, is a high school senior. I don’t know how that happened, but here we are, starting college visits. She is a theatre kid and is looking forward to finding a school that can further develop her talents.
As exciting as this stage is for both students and their families, it also comes with a mix of emotions and can have parents running down a mental checklist of all the groundwork they laid out (and was hopefully absorbed!) for their student to confidently step out into the world on their own.
Among the many things to consider when navigating this transition is the young person’s level of financial literacy. We’ve talked to Lilly about money since she was very young, and seeing how she handles it gives us confidence in her financial decision-making. Starting conversations about money early doesn’t have to be complex or overwhelming. This article offers essential financial lessons helpful in teaching kids from a young age and throughout the stages of their lives. Simple discussions about money, allowances, and basic financial concepts can plant the seeds for a lifetime of responsible financial behavior.
Whether your child is going off to kindergarten or campus, embrace the excitement of this new chapter and the amazing experiences that await all of you.
Jeremy S. Dvorak,
CERTIFIED FINANCIAL PLANNER™
Potomac Financial Group
The information contained in this material does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Jeremy Dvorak and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor’s results will vary. Past performance does not guarantee future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Raymond James is not affiliated with and does not endorse the services or opinions of the various podcasts or applications discussed in this material.
See how finding “free” money for building your financial retirement foundation may be easier than you think.
Learn about asset-based long-term care insurance and the additional opportunities it can provide to support your financial future.
Discover how a securities-based line of credit could be more suitable to pay for educational costs than conventional methods.
Explore the rewards (and risks) of executive compensation packages and what to consider to minimize your tax consequences.
Savor the end of summer with Sophia’s recipe for a refreshing lunch of Lemon Arugula Pasta Salad!