After a challenging start to my day, I walked to work this morning. It isn’t a long walk, but it is a refreshing one. As I breathed in the fresh spring air, I exhaled a lot of the morning’s frustrations. It occurred to me that what we give to the earth, we get back exponentially. My decision to leave my car at home today gave me some time to reset my mood and stretch my legs. I arrived ready to go. What a gift to me and to my coworkers. The reciprocal nature of our relationship with the earth allows us both to grow. We sow a seed, and the earth gives us fruit. Win/win. We can celebrate that precious relationship so easily. Dispose of some litter and the path ahead becomes clearer for you and the world. Breathe in a little oxygen, gift the earth with your carbon dioxide. We hope you get to feel a little sunshine on your face today, and fresh air in your lungs. Happy Earth Day from all of us at Winch Financial. IMPORTANT DISCLOSURE INFORMATION Please remember that past performance is no guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Winch Advisory Services, LLC [“Winch”]), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, no portion of this discussion or information serves as the receipt of, or a substitute for, personalized investment advice from Winch. contained in this blog serves… | Read More »
Month: April 2025
Five financial tips for NFL draftees…and you!
The process has changed dramatically since NFL Hall of Famer Herb Adderley, a first-round pick, found out he had been drafted in 1961. The 21-year-old cornerback negotiated his contract alone and signed it on the hood of a car in an unfamiliar parking lot. “I was talking with (Packer assistant coach) Bill Austin and, when we agreed on a bonus, along with a one-year, no cut contract, he reached in his pocket and pulled out a blank contract, filled in the info, including my name and amount of money,” Adderley said in a 2018 interview. “I signed the contract on the hood of a car.” In the 64 years since Adderley signed that rookie contract, the NFL has grown exponentially, and the draft has become a three-day extravaganza. Next week, hordes of NFL fans will descend on Green Bay to witness the drama. It takes thousands of dollars and whole teams of people to prepare athletes for the draft these days. What hasn’t changed, though, and never will, is the steps those athletes need to take to protect themselves financially in an incredibly fleeting career. The following five tips apply to NFL superstars, and to anyone else hoping to make the money they earn during their working years last their whole lives. Create a budget. Track your spending, analyze it and make sure you understand exactly where your money goes each month. This is critical no matter what your income level is. Create an emergency fund and direct money into it. It’s also a good idea to set up separate accounts for living expenses, savings and investments. Maximize your contributions to a retirement account. This helps with taxes in the short-term, and expenses down the road. The interest you earn on that money compounds, so the earlier you start contributing to a retirement account, the faster that money will accrue. Understand how taxes will impact you currently and in retirement…. | Read More »