As Thanksgiving approaches, gatherings often bring up a few conversations about everything from family updates to financial advice. Here’s a look at five common financial questions people tend to ask during holiday meals.

The Value of Diversification

Many guests are curious about investing smartly. Diversification is key! Instead of chasing what's hot, spreading investments across different assets can reduce risks and support long-term stability.

Principles of Financial Independence

Financial independence means having control over when you retire. It’s all about living within your means, avoiding lifestyle creep, and not overspending on your home. It’s achievable with the right mindset!

The Power of Compound Interest

This magical concept turns a calm dinner into a lively discussion. Imagine $10,000 growing to over $76,000 at a 7% annual return by age 65. The secret? Start early and stay consistent to see your wealth grow!

Benchmarks for Savings Goals

Savings benchmarks are another popular topic. Saving 15–20% of your income and having 1–2x your salary saved by age 35 (and 10x by retirement) are solid goals. Remember, consistency is more important than perfection.

The Case for Long-term Investing

During dessert, the conversation might shift to market timing. Remember, trying to time the market can be risky. Instead, stick with a long-term plan and focus on consistent growth over time.

As you chat with family and friends this holiday season, remember that asking questions is a smart step toward better financial health. If you're curious about any topics, or wish to have a tailored discussion, feel free to reach out. Happy Thanksgiving!