Kimelton Kim

04/25/2023

Whether it's ziplining in the mountains, hiking, or snorkeling, injuries can and do happen. This summer, be sure to have the proper disability insurance you need to feel financially prepared to take that adventure holiday. Message me if you have questions. ,

03/21/2023

When the news of the SVB (Silicon Valley Bank) collapse hit a week or so ago, it seemed unprecedented. The shockwave that went through the banking system left many wondering what fallout may arise. Subsequently, consolidation is occurring in the banking industry (Credit Suisse was acquired for pennies on the dollar by UBS over the past weekend). Meanwhile, the US Federal Reserve and international governments are taking various monetary actions, including providing additional liquidity, to shore up confidence for bank depositors.

Global stock and bond Markets are doing what markets do when significant shocks to the system occur. Current prices are fluctuating, sometimes rapidly, in the process of working through the news.

Times like this remind us that volatility is a normal course for markets. The chart below helps illustrate how global markets have endured banking crises and various disruptions throughout history. Over the long term, discipline and patience have been rewarded by ever-resilient markets:

03/06/2023

Rounding out the luck theme here with what everyone wants to get lucky and win – the lottery! And while the cash for life option that comes with winning the lottery sounds great, there are other ways to help achieve the cash for life dream.

Guaranteed income can safeguard against running out of money.

03/05/2023

Let’s suppose you’re reading this on your phone. You’re wearing clothes that you bought online, and you’re on your way to wherever you are going in an Uber.

Technology made all this — the phone, ecommerce shopping, the on demand ride — and much more possible. Today the digital economy accounts for nearly seven percent of the country’s annual GDP. A huge part of this growth is because small technology startups were able to grow ideas into transformative products.

How did these companies experience such remarkable growth? What is it about tech culture that keeps people innovating? And how can you apply some of that start-up magic to your own company?

1. Everyone has ownership
2. Promote Transparency
3. Keep communication open
4. Learn from mistakes
5. Be flexible
6. Lead by example

Many innovative products in our lives are the result of start-up tech culture. Promote these tech-inspired values to foster creativity in your company.

03/05/2023

Business owners are some of the most financially confident people according to the 2021 Guardian Study of Financial and Emotional Confidence. Not feeling so confident? Check out what makes business owners uniquely confident and get in touch with me.

We often think of business owners as uniquely confident. From intrepid entrepreneurs to seasoned CEOs, business owners are seen as people with the grit and determination to make something from nothing and take smart risks.

03/04/2023

The aspiring entrepreneurs among you may wonder, “What does it take to run a company?” No surprise there: Owning a business is a dream for many Americans. While everyone starts with a dream and the best of intent, building a business that endures is a significant challenge. Here are some basic tips for doing just that:

Are you an aspiring entrepreneur wondering “What does it take to run a company?” This article lays out a helpful path for getting your small business off the ground.

03/04/2023

Sticking with National Mom and Pop business owners' day here to share these tips that can help cut down on the stress of owning your own company. Safety nets, cash flow systems, and financial planning can all help. Read on for more financial hacks to help small business challenges become more manageable.

Millennials have the entrepreneurial spirit. Research shows that nearly one-third identify as entrepreneurs and they start businesses at a higher rate.

03/04/2023

Whether traveling with family, friends or going solo, there are a few ways to help minimize your expenses by using a little forethought. This can free up budget to spend on unique and unforeseen opportunities (paragliding at the beach anyone?).

Are you eager to travel but want to avoid the risk of debt? Here are 5 steps to help creating a vacation budget.

03/03/2023

While this month is a time to celebrate women, there’s also time to spotlight business owners. March 29 is National Mom and Pop business owners' day. And what better way to recognize both than to combine them into one resource! Give this one a read to learn about how financing options for women business owners are increasing and what those options are.

In the first six months of 2021, female founders raised over $25 billion for their companies. Here's how women entrepreneurs can fund their business.

03/03/2023

What will inflation look like in the long term? And how will it affect my ability to retire down the road? Regardless of whether this period of inflation proves short lived or not, it’s crucial to stay focused on your long-term financial strategy.

How will inflation impact your retirement? Learn how to factor inflation into your long-term financial strategy.

03/02/2023

You know your business inside and out, but you may not know one critical factor — your businesses' valuation. Knowing what your company is worth on the open market helps you and your heirs. Read more here:

Business valuation can help business owners when selling their business, planning for retirement, estate planning, and more.

03/02/2023

Do you know what investing and college basketball have in common? They both can have periods of madness. As the NCAA college basketball tournament (aka March Madness) kicks off soon, people will be filling out their brackets and picking the teams they think will win it all. But the best brackets are diversified with some safe bets, blue blood teams and some unexpected underdog wins sprinkled in. And when it comes to investing, a diversified portfolio can also take you far. Check out this article for some asset classes that can help keep you diversified.

You can’t control market highs and lows. But you can control risk by diversifying your investment portfolio with whole life insurance and annuities.