It’s time to get naked!
Naked With Cash is a series and feature at Consumerism Commentary where selected readers anonymously and publicly track their finances. Each month, the seven participants share their financial reports, exposing the results of their recent, everyday, financial choices. With feedback from a few financial experts, participants in “teams” and other Consumerism Commentary readers will gain from the insight.
Most importantly, the participants will be exposed to the process of being completely open about their financial situation. Candid discussions about finances and the analysis of the decisions that result in changes to net worth help bring financial independence and other goals closer.
For more information, read this introduction. Continue reading this article to meet the experts and the participants.
Meet the experts
Naked With Cash features four experts, offering commentary and advice on each of the participants’ financial situations.
Neal Frankle is an independent Certified Financial Planner™ based in Southern California. He founded Wealth Resources Group in 1994 to provide comprehensive fee-based financial planning exclusively.
His firm specializes in helping clients make smart decisions about their money so they can stop worrying and start enjoying the things that matter most to them.
I know what it’s like to have financial trouble. Both my parents passed away while I was still in high school. I took a tiny insurance settlement to a financial advisor. Rather than help me grow it safely to help me get through college, he churned and burned the account. It was horrible. But this experience made a deep impact on me and helped me really understand what it’s like to be in a tough situation with limited resources and almost no financial understanding. This motivated me to help others by developing a top-rate financial planning firm offering clients a comprehensive range of investment and financial planning services that are customized to clients’ needs.
Neal writes regularly on his blog, Wealth Pilgrim.
Sara Stanich is a Certified Financial Planner (CFP®) practitioner and Certified Divorce Financial Analyst (CDFA™) based in New York City. She provides financial planning and investment advice to her clients who include dual-income couples, entrepreneurs and couples going through divorce.
Mom to an energetic preschooler, Sara Stanich has first-hand knowledge of the costs and challenges involved in raising a family. She finds that the responsibilities of parenthood motivate many growing families to deal with issues previously put on the back-burner such as investing, insurance, college savings and estate planning.
Sara Stanich lives in NYC with her husband and son. When not working, she enjoys gardening, being outdoors and spending time with her family.
Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC.
Roger Wohlner, CFP®, is a fee-only financial adviser based in Arlington Heights, Illinois. He provides comprehensive financial advice to individual clients and investment consulting services to retirement plans, foundations, and endowments. Roger’s blog is The Chicago Financial Planner where he provides information about financial planning, investments, and retirement plans.
Roger has been quoted extensively in the financial press including The Wall Street Journal, Investment News, and Reuters. Roger is also a regular contributor to the US News Smarter Investor Blog.
Jacob is the author of iHeartBudgets, a personal finance blog dedicated to putting the “Fun” back in “Fundamentals of Finance.” He is a husband, father and avid budget nerd who actually spent his recent birthday budgeting for “FY13″ at his home. If you ask anyone who has known him for more than 13 seconds, you would know we truly does “Heart” budgets.
Thanks also to Michael Kitces, CFP®.
Meet the participants
|Anne & Matt
|Team Neal||Team Roger||Team Sara||Team Neal||Team Sara||Team Neal||Team Roger|
|Dec 2012||Dec 2012||Dec 2012||Dec 2012||Dec 2012||Dec 2012||Dec 2012|
|Jan 2013||Jan 2013||Jan 2013||Jan 2013||Jan 2013||Jan 2013||Jan 2013|
|Feb 2013||Feb 2013||Feb 2013||Feb 2013||Feb 2013||Feb 2013||Feb 2013|
|Mar 2013||Mar 2013||Mar 2013||Mar 2013||Mar 2013||Mar 2013||Mar 2013|
Watch this space for links to each of the monthly summaries for each of the participants after they are published.
Updated May 1, 2013 and originally published December 27, 2012. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.