Hi there! I'm a financial planner for therapists! I help therapists navigate every element of their financial lives and make financial decisions with ease and confidence – both in your practice and your personal life.
Is it smarter to buy or rent? 🤔
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Hello Reader, I’ve been excitedly working on a rent versus buy calculator in my spare time. (I’m a numbers dork, yes this is the type of thing that I get excited about!) 🤓 But the other week I tossed my draft calculator in the garbage bin. 🗑️ Why, you ask? Because the New York Times just came out with a truly EXCELLENT rent versus buy calculator. It was fancier and more slick than anything I could put together and honestly… they’ve thought of everything. As soon as I saw it, I knew I needed to share it with everyone. The rent versus buy decision is tricky. 🤔 It’s a question I’m asked a lot. Like most financial decisions, the right answer for you will depend on a number of factors. And the NYT calculator can help you think them through. Whether you’re a committed renter, a committed homeowner – or wondering which path is right for you, I think spending a bit of time playing around with this calculator will be time well spent. And if you have any questions about it – or find any of it confusing – hit reply and let me know how I can help! Best, PS: I’ve gifted you access to the NYT rent versus buy calculator for 30 days (if you’re not a NYT subscriber). So don’t wait – give it a whirl today! |
David W. Frank
Hi there! I'm a financial planner for therapists! I help therapists navigate every element of their financial lives and make financial decisions with ease and confidence – both in your practice and your personal life.
Hello Reader, Well, it’s been an interesting start to the year here in Los Angeles – to say the least. The wildfires that have decimated several neighborhoods here have impacted pretty much every Angeleno (yes, that’s what we’re called) in some way. We ended up evacuating last week – and while our neighborhood ended up being relatively unscathed, save the lingering air quality issues – it was nonetheless jarring. Of course the events are tragic and my heart goes out to those who have lost so...
Hello Reader, I hope you’re enjoying your holiday season! I realize it’s painfully cliche – but how is it possible that this year is almost over?! For me, the year has really flown by. Time flying isn’t necessarily a bad thing… but it has prompted me to reflect on how I’m using that time. What’s truly important to me? What activities do I want to spend more time doing? What things do I want to spend less of my limited time and energy on? I’m not huge on new year’s resolutions, but I do want...
Hi Reader, It’s a time of year many of us will be getting together with loved ones we don’t see that often. Which makes it a great time to consider whether your beneficiary designations are up-to-date! What is a beneficiary designation? 🤔 A beneficiary designation designates who should get your account assets if you pass away. That person is the beneficiary of your account. Usually you can just fill out a form online through your financial institution. By doing so, you are creating a...