Financial Planning

AdvisoryHQ Named Perspective Financial Services a Top Advisor

We’re honored to announce that AdvisoryHQ named Perspective Financial Services a top advisor for a fifth year in 2020. Our firm was once again identified as one of the top-rated advisors and financial planners in Phoenix and Scottsdale. The organization also awarded us its highest rating in 2016, 2017, 2018 and 2019.

AdvisoryHQ uses a multi-step selection method for generating its list of top  firms. Its review and ranking articles are 100 percent independently researched and objectively written. Firms do not pay for their ranking. (A detailed overview of AdvisoryHQ’s process is below.)

In 2020, the reviewers highlighted our flexibility and comprehensive approach, as well as our online tools, as being especially significant.

“In times of economic uncertainty, the services of a financial advisor who can help you grow and protect your assets become even more important. Perspective Financial Services takes a comprehensive and flexible approach to financial planning. This approach is designed to meet the needs of ever-changing financial situations,” Advisory HQ wrote. “This innovative Phoenix financial planner has developed a variety of online tools designed to help clients navigate their financial lives and bring the customer experience into the 21st Century.”

AdvisoryHQ reviewers also emphasized our strict fiduciary commitment.

“The firm puts the financial wellbeing of its clients at the center of everything they do. And their fee-only structure ensures that they don’t receive any commissions for the sale of financial products,” they wrote. “Clients can be assured that [Perspective Financial Services] is acting in their best interests at all times.”

Perspective Financial Services a Top Advisor: Click here to read the full article and review at the AdvisoryHQ website.


A step-by-step overview of AdvisoryHQ’s methodology process.

  1. AdvisoryHQ uses publicly available sources to identify a wide range of firms that are providing services in a designated area.
  2. AdvisoryHQ’s review team then applies initial methodology filters to narrow down the list of identified firms/products. These filters include company strengths, trustworthiness, transparency, professional reputation, managed asset, ROI/ROA effectiveness, fees structure, what customers/clients are saying about the organization, and many more.
  3. Researchers trim down the initial list. AdvisoryHQ then conducts a deep-dive assessment of the remaining firms. The award criteria takes into account a range of factors. They include experience, level of customization, site quality, resources, features, range of provided services, innovation, value-added, and many more factors. This builds  a broad picture of what each firm or product has to offer, before the final selection process occurs.
  4. AdvisoryHQ’s  finalizes the list of firms based on the results of the assessment. The list is then published to the general public.

Click here to read the full methodology process on the AdvisoryHQ website.

By |2020-09-17T08:28:38-07:00September 21st, 2020|Company News, Financial Planning|

Mindful Spending

If you want to plan and track your spending but have struggled to use budget apps or software, kakeibo budget journaling might be a good fit for you. Kakeibo (kah-kay-bow ) is a form of budget journaling created by Japan’s first female journalist, Hani Motoko, in 1904. The word literally means household account book, though it has become more-commonly known as mindful spending.

An important distinction of this budgeting system is that it must be done on paper (not with an app or digital spreadsheet). This makes it a great resource for those who are highly-tactile learners. Consider using a kakeibo if you enjoy using a bullet journal.

Mindful Journaling = Mindful Spending

Budgeting in a kakeibo is intentional and reflective. The point is to sit down and think about your four categories of spending: needs, wants, culture and unexpected. By focusing on the larger picture, it helps to simplify budgeting. Kakeibo is about creating a routine of review and reflection daily, and celebrating small wins that add up into big savings. Would you  like to give it a try? wrote an in-depth article on how to budget with kakeibo. It includes a free PDF template you can print or use as inspiration to create your own journal in a favorite notebook.

– written by Tobi McCann

By |2020-07-16T13:53:13-07:00August 3rd, 2020|Books, Financial Planning|

Understand Your Money Script

Do you know and understand your money script? Our beliefs about money begin taking shape early in life. Unpacking stories from our youth can help us decipher why we make the decisions we make as adults. Identifying unconscious influences may reveal what we tell ourselves when it comes to money, and why we continue to make decisions that harm us.

A Kansas State University study published in the Journal of Financial Therapy identified four money beliefs, or “money scripts,” that can drive our behavior.

Money scripts are neither right nor wrong. They are simply the financial lens through which we view the world. That’s why it is important to understand your money script.

  1. Money Avoidance: Common thinking here is that good people should not care about money; you tell yourself that living with less money is a virtue. Taken too far, money becomes a source of anxiety, fear or disgust.
  2. Money Worship: Money worshipers believe money is the route to happiness and fulfillment. This script says you can never have enough; it’s impossible to be poor and happy. This may lead to compulsive shopping and the pursuit of wealth above all else.
  3. Money Status: Similar to worshipers, those with a status belief equate net-worth and self-worth. This is where “keeping up with the Joneses” comes into play, and it can lead to hefty debt.
  4. Money Vigilance: This belief drives cautious and careful spending. At its extreme, it can create anxiety and prevent you from enjoying the money you worked so hard to save.

Do any of these money scripts sound like your internal dialogue? Do they support your life goals, or create roadblocks on your path? If it’s the latter, take comfort in knowing these scripts are not set in stone. You can rewrite them.

Intentionally creating better habits is the first step in rewriting your money scripts and getting closer to your goals.

By |2020-07-16T16:04:38-07:00July 27th, 2020|Financial Planning|

Budgeting for a Pet

Budgeting for a petOne of the effects of the stay-at-home rules and lockdowns due to COVID-19 is that pet adoptions are on the rise. That’s great news for the many rescue animals that have been waiting for a forever home. At the same time, it’s important to remember the “forever” part. Adding an animal to your family shouldn’t be a spontaneous decision. It takes forethought and budgeting for a pet.

Think about what sort of pet will best fit your personality and lifestyle, today and a year from now. It could be wonderful to have a kitten to keep you company while you’re working from home or a dog to take for long walks while your gym is closed. But also consider how the animal will respond when you return to the office and gym. Even pets typically considered low-maintenance – like rodents, birds, fish and reptiles – require a regular time commitment for providing food and fresh water, and cleaning cages and tanks.

Budget for initial and long-term expenses of the pet you choose. Initial costs are adoptions fees, medical expenses such as vaccinations, spay/neutering and microchipping, and supply costs for items that may include a bed, litter box, leash, cage, tank, toys and so on. Food is the most obvious ongoing expense, but other costs may include grooming, training, medications and emergency veterinary care.

Americans spent nearly $96 billion on their pets in 2019, according the American Pet Products Association annual  consumer survey. Basic annual expenses for dog and cat owners averages $1,380 and $900, respectively.


Ideas for a Healthy New Decade

ideas for a healthy new decadeAgain this year, my favorite Christmas gift was a book. My son gave me The Secrets of People Who Never Get Sick. Author Gene Stone interviewed dozens of people who never get sick and asked them for their secrets. His book features 25 people who each possess a different secret of excellent health – one that makes sense and has a proven scientific underpinning. It got me thinking about ideas for a healthy new decade.

Some of the so-called secrets aren’t that astounding, though they’re presented with an interesting twist. Late comedian George Burns, who lived to be 100 years old, was remarkably healthy and fit his entire life. When asked to reveal his secret, he puffed on his cigar and said, “Eat half.” That’s a pretty easy one, considering the out-of-control portions served at many restaurants. Split that giant cheeseburger with someone.

Other ideas are more surprising and challenging. One example? Cold showers.

For thousands of years, ancient physicians recommended frigid showers for healing and to boost immunity. For me, that’s rough. A cold shower is not what I want on shivery mornings, despite Phoenix’s comparatively moderate winters. So I’m easing into the idea. My strategy is to pull back on the hot water just enough so that my shower is on the edge of warm and cold. Then I hurry out.

Another idea that takes some adjustment is consuming brewer’s yeast daily. A natural by-product of beer production, brewer’s yeast is a probiotic and excellent source of B vitamins and other nutrients. It looks like whole-wheat flour and tastes like liquefied pizza dough. I add a half-teaspoon to flavored, fizzy water, and then I choke it down. But, I’ve gotten used to it.

Maintaining financial health also involves a mix of simple ideas and uncommon though proven ones. Some are easier to put into action than others. At Perspective, we’re committed to helping you develop practical strategies to become and stay financially fit. Here’s to a physically and financially healthy new decade!

“I look to the future because that’s where I’m going to spend the rest of my life.” — George Burns

By |2020-01-17T09:36:55-07:00January 27th, 2020|Books, Financial Planning|