WrapManager's Wealth Management Blog
When life changes, we can help you thoughtfully respond.

Michael J. O'Connor

CWS®, Vice President Investments

Recent Posts

Why High Income Earners Can Still Benefit from a Budget

Posted by Michael J. O'Connor | CWS®, Vice President Investments

January 23, 2018

A high-income earner can benefit from a having a budget much like a professional athlete can benefit from having a personal trainer – even though the extra help and attention may not be completely necessary, it can serve to make a good situation even better. Much better.

Consider that, simply put, two goals of closely maintaining a budget are to:

  • Minimize waste
  • Maximize efficiency

Isn’t that what everyone wants when it comes to your hard-earned dollars?

Let’s start with minimizing waste. One of the first steps in creating a budget is to itemize each and every monthly expense you incur. Mortgage payments, insurance, cable and internet, phones, memberships, subscriptions, utilities, food, entertainment, and so on. When was the last time you sat down and closely scrutinized all of these expenses? Doing so could very well reveal fat that needs trimming.

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Just about every sports fan knows the joy of rooting for your favorite team when things are going well, when the wins pile up. But the ... [+] Read More

Retirement Investing: Needs vs. Wants

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The conventional wisdom is that once a person retires, they should pare back exposure to stocks and focus instead on a more balanced, ... [+] Read More

What Investors Need to Know About the Disposition Effect

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Part of being an astute investor involves hours of analyzing the capital markets, actively researching the companies and strategies you ... [+] Read More