The Whitnell Way

Insights For Business Owners, Executives And Affluent Families

Viewing Blogs by Craig Janus

How Do We Fund College – Five Guiding Principles

Protect Family Wealth Through This Life-Changing Event

When a young person is accepted into college, it is a joyous moment for them and their family.  This is the realization of dreams that began when the child was small, even in grade school.  It is an affirmation of years of hard work.  It breathes life into the hopes of a young adult who is about to venture off into an exciting new direction.  For many young people, college is the actual beginning of adulthood.

But this moment can also produce stress.  College is expensive and even families who are financially prepared can feel the pressure.  For the last several years, I’ve counseled hundreds of families and young people as they seek to go to college and prepare financially for it.  If you’re wondering how to fund college for someone you love, here are five guiding principles that will really help you.

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How Do We Fund College – Five Guiding Principles

How To Build Wealth After College

Lessons Learned From Advising Young Professionals On The Rise

There are thousands of Americans graduating from college today.  As people come out of undergraduate or graduate programs, they are eager to get into their careers, attain a comfortable and enjoyable lifestyle, establish their full independence and ultimately build wealth so they can live the life of their dreams.  However, today’s college graduates face a lot of challenges that can make it very difficult to strike the right balance between living for now and living for the future. 

Over the last few years, I’ve been advising young professionals who are on the rise in their careers.  I’ve watched them struggle to balance competing demands on their limited financial resources.  Many of these people feel as if there is not enough money to do everything they want to do.  So they have to make tough choices.

There seems to be a lot of advice and conflicting opinions on how to attain a comfortable lifestyle, financial independence and long-term wealth. After counseling people who face these choices, and after reflecting on my own choices, I’d like to share with you the lessons I’ve learned.  If you want to realize comforts for today and peace of mind for tomorrow, I believe these lessons will really help you. 

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How To Build Wealth After College

Preparing For The Unexpected

How To Comfort The Ones You Love

This is a hard subject for me to talk about. Yet, I feel like it’s really important and something I can’t simply ignore. I hope you will receive my message in the spirit in which it is intended: ideas to provide comfort to your family and loved ones should something tragic take place.

I started thinking about this topic recently because a friend of mine passed away. He was young, only in his 30s. He was in the prime of his life and had so much to look forward to. But in an instant, his life was over. His premature passing was completely unexpected and it devastated his family. I grew up with this guy and know his family really well. It has been very hard to watch them suffer.

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Preparing For The Unexpected

Year-End Tax Strategies To Consider

Four Case-Studies That Might Help Your Situation

Year-end is here and you’re probably thinking about what you want to do with your money. You might be considering gifts to family, charitable contributions, investments in tax-deferred accounts and other options.

What you may not realize is that the taxation picture has become more complicated than it’s ever been with the Alternative Minimum Tax (AMT), the new tiers for capital gains rates and the new Medicare taxes on investment income. What often seems like the obvious choice may not, in fact, be the best option for your unique situation.

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Year-End Tax Strategies To Consider

A High School Fast-Food Job Might Contribute Over 2 Million Dollars To My Net Worth

How To Help Young People Learn The Power Of Investing Early

The children of affluent parents sometimes struggle with saving and investing. We all like shiny objects and it can be hard to know how to balance delayed gratification with short-term rewards.

My parents helped instill some principles in me as a young person that have paid real dividends. I’d like to tell you a story of how my high school fast-food job will impact my net worth over time. The title of this article hints at this. But you might be surprised at the real numbers.

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A High School Fast-Food Job Might Contribute Over 2 Million Dollars To My Net Worth