Financial Planning

Financial planning blogs from Thinking Big Financial, a NYC-based financial planning and investment management firm. Learn more about our services: Financial Planning Services

millionaire next door
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The Next Millionaire Next Door: A Book Review

The Next Millionaire Next Door: Enduring Strategies for Building Wealth by Thomas J. Stanley, Ph.D. and Sarah Stanley Fallaw, Ph.D. There are countless books available about “how to get rich”: Invest in this fund, buy this piece of real…
financial windfalls

Financial Windfalls: Take it Slow!

“What would you do if you suddenly had a million dollars?” Everyone’s asked the “What if” question when it comes to financial windfalls. Receiving an unexpected sum of money is something we dream about. And sometimes, monetary surprises…
happy money
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Happy Money: A Book Review

Some Thoughts on the Book Happy Money Finally! A book packed with insight on how to make the best use of our money. We've all heard plenty of anecdotes here and there, but Happy Money: The Science of Happier Spending breaks down the "why?"…
your relationship with money

Your Relationship with Money

Where did you learn what to do with money? By default, family, friends, and the media often shape what we do or do not do with our own money. Some have called these our money “beliefs” or “scripts”. As money philosopher Jacob Needleman…
the role of money in our lives

Podcast Interview: The Role of Money in Our Lives (VoiceAmerica)

In November 2018, I was interviewed for VoiceAmerica's "On Living": a podcast dedicated to exploring the trauma and beauty of being human. What better forum for talking about the role that money plays in our lives? In the interview,…
pay off debt or save

Pay off Debt or Save? What should I do with my extra money?

Raise your hand if you’ve seen a headline like this recently: “How I paid off $100,000 in one year”. Inspiring, isn’t it? But how realistic is paying down debt fast when you have other financial goals to reach? Should you pay off debt or save instead? Read more.
Disability Insurance Coverage

What is Long Term Disability Insurance Coverage? Do I Need It?

What would you think if you knew you had a 1 in 4 chance of experiencing a debilitating illness or accident during your working life? The statistics are debatable, but if you’re like me, you’re shocked that the risk is much higher than you…
Understanding Employee Stock Options

A Guide to Understanding Employee Stock Options

In an age where companies frequently cut corners, being offered “incentive compensation” like employee stock options can seem like a trick. Is your company trying to get out of giving you more money, or are employee stock options worth their…
understanding your paycheck and withholding tax

A Guide to Understanding Your Paycheck and Withholding Tax

Everyone gets excited about payday. But while depositing money into your account always feels great, trying to understand your paycheck feels… well, confusing—especially when it comes to those little things called withholding tax and claiming…
stock market correction
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Stock Market Correction: A Guide to Staying Sane

A stock market correction is never fun. Who wants to lose money on paper? Definitely not me. By nature, stock market corrections are unpredictable. They happen quickly and before you can react. They make you crazy with questions: If the stock…