5 Money Mistakes Latinos Make—and How to Break the Cycle with Corazón We Have to Be Aware of Mistakes Before We Can Fix Them Many Latinos didn’t grow up knowing the rules of money. In fact, many of us grew up distrusting financial institutions and thinking the stock market is “gambling.” I’ve worked with Latino […]
5 Money Mistakes Latinos Make—and How to Break the Cycle with Corazón Read More »
Values Before Numbers: Why Your Budget Won’t Work Until Your “Why” Is Clear Why Traditional Budgeting Falls Apart For most of my career, I’ve watched people sit down with a budget and feel like they’ve already failed before they begin. They open a spreadsheet, look at the numbers, and promise themselves they’ll “stick to it
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You Don’t Need More Motivation—You Need a Step-by-Step Strategy Reaching Financial Goals Isn’t About Motivation Every year around this time, people sit across from me—or call me, or message me—and say the same thing: “Louis, this is the year I’m finally going to get my finances together.” And I believe them. I don’t hear laziness. I
You Don’t Need More Motivation—You Need a Step-by-Step Strategy Read More »
Back in the early 1990s, I was going through a divorce. I’d lost everything and was starting all over again. I had two little girls and I needed help. So the first person in what I like to call my “circle of support” was my mom. She’d help me watch the girls when I needed to work or help me take them to the doctor. She was critical to helping me get everything up and running with my businesses. Every time I put my circle of support together, I ask myself: “For me to be successful, who is always there helping me out? Who is the backbone for everything that I do?”
No One is Self-Made: Your Circle of Support is the Missing Piece in Your Financial Plan Read More »
I once had a client who came to me and had $30,000 of credit card debt on different cards with interest rates ranging from 15 to 24 percent. She’d been stuck in this debt cycle for years—trying to pay it down but getting nowhere.
Planning for the 6 Life Disasters: Protecting Your Future with Corazón Read More »
I had a client once who was unknowingly spending $4,000 a month on Starbucks. She worked in downtown Los Angeles and there was a Starbucks in the lobby of her office building. She’d grab herself a coffee and sweet treat before heading up to work. She was spending thousands a year doing this.
I recently saw a meme that was a screenshot of a person’s phone home screen. All of the notifications were requests for money. Within 10 minutes, this person was asked to give $755 to friends and family. The caption on the picture was, “Who’s getting help first and why?”
Every year, I’m reminded of something I’ve seen over and over—not just in my clients’ finances, but in their lives: Gratitude compounds. Gratitude creates clarity. And gratitude builds wealth in ways dollars alone never can.
The Gratitude Dividend: 5 Ways Thankfulness Can Build True Wealth Read More »
Small businesses are a vital component of the U.S. economy because they create jobs and generate tax revenue. But more importantly, they create an avenue for entrepreneurs to make their own dreams come true.
As we’re now entering November, the holiday season is officially on the horizon. That means one thing for your finances: it’s time to start planning your holiday spending now—not during the rush. Or maybe it’s time to find alternative ways to give this holiday season.
Plan Early, Spend Smart: Holiday Spending Tips Read More »
