The Difference Between Wells Fargo and Judith Heft & Associates

Wells Fargo really stepped in it recently—or rather, over the last few years. It has been confirmed that it fraudulently opened two million fake accounts that were all tied in with real, established accounts, all without the knowledge of the real account holders. In congressional testimony and leaks to the… Continue Reading..

How to Talk to Your Young Adult Children About Money

Whenever we talk to our young adult children about money, it’s a good idea for us to be careful about what we say and how we say it. For starters, don’t come off as bossy or tell them what to do—because they may do the opposite just to spite us.… Continue Reading..

Landlords and Tenants Beware: Someone May Be Reading Your Emails

In the beginning of August, one of my clients began renting a property to a new tenant. We set up a system where the rent would be deposited into a certain account at XYZ Bank, and my client proceeded to go back to her home in Europe. Not long after… Continue Reading..

American Hustle: Case Studies

Retirees are always prime candidates for financial scams. Scams come from phone calls, emails, faxes, and sometimes they show up on your doorstep. In this post I examine three different scams that happened to good people in real life. The Door-to-Door Salesperson An elderly client received a knock at the… Continue Reading..

Rig the System in Your Favor

One of the most often overlooked aspects of running a business is to create a system—as I mentioned in my book: you need a system, I need a system, EVERYBODY NEEDS A SYSTEM! And I’m not talking about your circulatory system, or your nervous system—indeed, the system I am talking… Continue Reading..

Bright Lights and Bright People in the Big City

"The Dutch came to New York City and established a trading post there to make a buck, or to make a guilder." - Historian Kenneth Jackson And so began the hustle and bustle that would eventually come to be iconic of New York City. Whether you’re a “New York, New… Continue Reading..

A Teachable Moment: “Rock Bottom”

Hitting “rock bottom” is a relative term; it really depends on how far you allow yourself to fall. Sometimes it can be devastating to you or your loved ones, while other times rock bottom provides a firm foundation for something better. For instance, Manhattan has a rock bottom, but only… Continue Reading..

Your Family Needs the Will to Survive

People don’t like to think about making a will, and I get it. Nobody wants to think about death. But consider for a moment some of the intangible aspects of life, like bonds between brothers, sisters, cousins, aunts and uncles. By not having a will in place, these things can… Continue Reading..

TL; DR*: Facebook Privacy Settings (*too long; didn’t read)

TMI. Oversharing. Airing your dirty laundry. These are all things that existed before the internet, and while they made for entertaining gossip in 1995, today they have become too commonplace to really enjoy—and their consequences too dire. Social scientists have researched this phenomenon and applied an old theory to it… Continue Reading..

Strategies for Surviving Student Loans

I rarely get calls about student loans, but last week I received two in one day. Call #1 was from a financial advisor who wanted to talk about one of his clients. The client had contacted him out of exasperation at her children’s dire economic straits, which were largely due… Continue Reading..