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Evann Hopkins

Devise and Design Event Planning

 

Entrepreneurship has become all the rage.  The business world is sliding away from the traditional 9-5 work life, and more towards the small business work from home kind of environment.  Being an entrepreneur can be freeing, but can also be very overwhelming.  Let’s take a look at the pros and cons of entrepreneurship and the financial side of it. According to Shobhit Seth, from Investopedia, entrepreneurs are important for the economy because they create new business, add to national income, create social change, and farther community development. From their earned wealth, many of them create jobs and better conditions that lead to a more prosperous society. Of course, with every situation there are ups and downs.  Let’s look at the reasons to love being an

Tactical Tax Time

Evann Hopkins Devise and Design Event Planning

We are in the midst of one of the most dreaded times of year. TAX TIME! It’s a time of confusing forms, deductions, and deadlines. There are over 70,000 pages in the tax code, so it’s no wonder people dread this time of year. Do you ever wonder how taxes became what they are today and what they were like 100 years ago? Having these answers will help us better understand the tax laws we deal with today. Since the dawn of civilization there have been taxes. Before currency existed, grains, animals, and other goods were supplied to the leaders/royalty. This was in exchange for residence in their home, and use of town buildings and supplies. The poor were usually the

Evann Hopkins

Devise and Design Event Planning

                The working world has changed drastically over the past couple decades. As we speak, things are changing.  With the emergence of more developed technology and social media, things have turned in new directions.  Let’s look at some of the ways in which the working world has changed and what this means for us. According to Business Insider, 86% of business jobs in the US now pertain to offering services instead of making things.  Services are wanted more so than the actual product.  Many people are attempting to create things on their own.  If they cannot create something on their own, or have no desire to create it or purchase it, then they will hire someone to create it for them.  Some professionals have

#millennialnation

Part 4

The Finances of It All

Evann Hopkins

Devise and Design Event Planning

The Millennial generation is the largest to date.  Every day more and more of them are joining the professional workforce.  Within 10 years, Millennials will dominate the working world, and will be making many of the important decisions for our nation.  For anyone to be successful in life, they need to understand finances and be smart with their money.  Let’s take a look at the financial attitude and habits of Millennials thus far. In my previous series X and Y but not Z, I look at some of the financial habits of Millennials.  To get this basic overview check out part 3 and part 4 of this series.  Most

#millennialnation

Behind the Scenes

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Evann Hopkins

Devise and Design Event Planning

  In some of my other articles, as well as other articles on this blog, there’s been some mention of Millennials.  Brief discussions on their finances, the state of the world they are taking over, their crippling student debt, etc.  But for this series they will be the focal point.  All millennial from all sides. This is to get a better understanding of them from a mindset and financial viewpoint.  If you are a millennial, like I am, you might learn a little something about your fellow millennials as well.  (A little disclaimer before we dive into the #millennialnation.  None of this information is my opinion.  These statements and facts have been researched and come from sources other than myself)

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X and Y but Not Z Part 4

By Evann Hopkins

Devise and Design Event Planning

  Finances can be a tricky and confusing area for people of all ages.  This is apparent with the information presented in the three previous articles in this series. (Part 1) Each generation grew up in a different era, the world in a varying state with new problems and messages.  Now that we know how each generation handled themselves and what they did, let’s do a little comparing and contrasting. Millenial Couple The baby boomers were known as the largest generation (estimated 72.5 million) to date and were named as such because of the uptick in the post-WWII birth rate.  This is now not the case. 

X and Y but Not Z Part 3

By Evann Hopkins

Devise and Design Event Planning

millennials

  So far we have discussed the Baby Boomer Generation and Generation X.  We have seen that these two generations are different in many ways.  Next, let’s move on to the Millennial’s (Generation Y) and see how they compare to the older generations. (As a small disclaimer, none of this information is based off of my opinion.  The information in this article was taken from research and professional opinion.)  

Millennials

1980’s-1990’s

  According to the census bureau there are about 80 million millennials.  This means that the Millennial Generation has surpassed the number of baby boomers, with there being an estimated 75 million baby boomers.  Millennials represent about 25%

              X and Y But Not Z (Part 2)

By Evann Hopkins

Devise and Design Event Planning

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  Last week we discussed the baby boomer generation.  We looked at their general perception on life, the world, and their finances.  This week we will look at the next generation, Generation X.  This generation grew up in a very different time and so they faced different challenges and a different upbringing. As a result of this, their perceptions are different.  

Generation X

Born 1960’s-1970’s

                As of 2015, there is estimated to be about 60 million Generation X’s.  Generation X grew up in a time of emerging technology.  There were also many political and institutional debacles they were raised around as well.  Their parents were hard workers, and divorce

Put Down the Shovel

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Evann Hopkins

Devise and Design Event Planning

No one wants to find themselves in debt. This is not a goal of anyone’s.  However, with all of the ups and downs of life and the many large purchases we need to make, debt is very common.  The key is to keep your debt as small as possible and get out of it as soon as possible.  Being young and inexperienced, there are many things we do not know and we have not been told about finances and debt.  Let’s look at some ways to get out and stay out of debt. A couple of these tips and tricks for staying debt free may be obvious, but they are worth mentioning.  The number 1 and most obvious way to stay

by Lance Roberts • February 17, 2016 The financial sector still gets a bad rap. Seven years after the financial crisis and justifiably so. In his 2013 book “Finance & The Good Society,” economist Robert Shiller describes a utopia where finance can benefit today’s society. He identifies how financial innovations of the past, like insurance and pensions for example, improved the lives of the masses. The lauded professor at Yale shares his suggestions about the future of finance and how the industry can reform and prosper by serving the common good. Can you imagine? Yea, me neither. I’m sorry to be cynical but you have a better chance of finding a unicorn in your driveway and taking it for

Posted by Thom Brueckner on Thu, Jan 14, 2016 @ 10:33 AM  2016 : The Year of the Index Annuity Have you seen the stock market forecasts for the new year? One firm after another is citing volatility, a lack of earnings, and a probable “year to nowhere” in 2016. As of last night’s close, the S&P 500 is down 7.6% in only the first 9 trading days of the year, the worst start to a new year in market history.  From its 18,200 peak in 2015, the Dow is now down 11.3%, well into correction territory. Famed market forecaster and fund manager, John Hussman, has labeled our current valuation levels as unjustifiably high, calling it the most overvalued market since March of 2000, and that is certainly saying something.  Mark Hulpert of MarketWatch concurs.  Peter Schiff, David Stockman, and many others have all said similar

16 Reasons Why Your Accountant Prefers Fixed Index Annuities Over Mutual Funds

Have you heard about the remarkable savings vehicle that offers the appeal of market-linked gains without the worry of market-based losses? Your accountant certainly has, and he or she is beginning to weigh in on their many benefits, guarantees, and tax advantages. Consider:
1. An FIA owner can never lose money due to a down market. Most if not all Fixed Index Annuities today guarantee your principal, lock in gains from previous years, and provide a guaranteed minimum annual rate of return (usually 2-3%) on that total. During a year of growth, FIA owners participate in a portion, typically 55 to 80%, of those gains, via linkage to the published returns of the various equity indices (the S&P 500, NASDAQ 100, DJIA, Russell 2000, etc.). During a subsequent down year, an FIA owner’s principal and accumulated gains are