Drake Wealth Management

03/27/2018

I'm pleased to announce that Drake Wealth Management is now Marin Financial Advisors. Visit us at www.MarinFA.com

12/02/2016

It's holiday shopping time again. I was interviewed for this article about smart spending and coping strategies...

https://www.learnvest.com/2016/12/the-budget-rules-to-follow-before-you-start-shopping/

'Tis the season for ... blowing your budget. But it doesn't have to be. Here are mind-over-money tips to help keep you on track. More

03/23/2016

How are your New Year's Resolutions going? I was interviewed about ways to persevere...

https://grow.acorns.com/2016/01/get-your-money-resolutions-back-on-track/

Now that we’re easing into the second month of 2016, you’ve probably noticed the gym is a lot less crowded as the number of motivated New Year’s resolutioners dwindles to a fraction of what it was in early January. Even your own willpower to give up dessert and resist those all-too-tempting impulse…

03/02/2016

A great Warren Buffet quote:

Mr. Buffett took issue with politicians he said are leading Americans to believe that their children will be worse off than they are. “That view is dead wrong,” he wrote. “The babies being born in America today are the luckiest crop in history.”

“For 240 years it’s been a terrible mistake to bet against America, and now is no time to start.”

12/11/2015

Is the cost of college worth it?

I'm quoted in a thought-provoking Forbes article on the topic.

“I believe the core reason families are willing to take on such debt is out of fear that their child will face diminished prospects in life if they don’t keep up competitively with their peers,” explained Colin Drake, a personal finance expert and founder of Drake Wealth Management. “Ironically, saddling students with hundreds of thousands of dollars of debt may be the very thing which diminishes their prospects in life.”

http://www.forbes.com/sites/caseybond/2015/09/04/why-college-isnt-worth-the-money/

When you examine the sacrifices college graduates must make in order to tackle their loans, it's apparent the true cost of college is not the inflated tuition or decades' worth of interest. It's in the precious time that is lost and major milestones deferred thanks to that debt.

12/02/2015

Another great article that helps to clarify what, in the end, really matters...

http://bronnieware.com/regrets-of-the-dying/

The top five regrets of the dying that a caregiver was told during her patient's final days.

12/02/2015

Here's a great read about someone who made it to the other side (Financial Freedom) and the surprising realizations he experienced.

https://medium.com//the-day-i-became-a-millionaire-55d7dc4d8293 #.mf45rwb8b

I grew up lower-middle class on the outskirts of Copenhagen. Anywhere outside of Scandinavia, the socioeconomic label wo…

10/02/2015

As I wrote in my book, Woohoo! Wealth, when faced with choosing to be either rich or happy, you'd almost certainly choose to be happy. Well, you aren't alone. Check out this sweet, funny, and truth-revealing video that affirms the value of happiness over wealth. And, of course, the choice need not be between money and happiness. You can have both. [ 31 more words. ]

http://www.drakewealth.com/would-you-rather-be-rich-or-happy/

Money and Happiness. Success.

08/27/2015

Go ahead and treat yourself to that coffee...
I'm quoted in an article about how the most effective way to cut expenses.

http://www.businessinsider.com/financial-planner-best-trick-save-money-2015-8

"People end up putting too much stress and energy into the little stuff that doesn't make an impact."

07/30/2015

Some international press today - from the Sydney Morning Herald (Down Under.) Check out this article in which I comment about the challenge that account security are posing for both the banks and the account holders...

http://www.smh.com.au/money/borrowing/is-banking-getting-too-complicated-20150728-gijmkj

Banks need to come up with an effective but user-friendly security system.

07/30/2015

I was just featured in another LearnVest article in which I help a couple address their "Lifestyle Inflation" challenges. Check it out...
http://www.learnvest.com/2015/07/hacking-lifestyle-inflation-problem/

Despite moving to a cheaper city—and collecting a fatter salary—Elaine’s costs keep creeping up, up, up. A CFP offers advice. More

07/14/2015

I love this quote from industry guru, Bob Veres:
"Any investment that has to pay somebody to recommend it is likely to be less beneficial to the end consumer than investments that stand on their own merits."