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How a CFP® Professional Handles Monthly Cash Flow

March 18, 2021 by Brendan Mullooly

When we begin working with a new client at Mullooly Asset Management, the first step in our financial planning process is compiling a household statement of cash flow and balance sheet. Cash flow impacts so many other areas of personal finance and investing that, without it, we’d be driving blind. As an exercise, I thought…

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Filed Under: Financial Planning Tagged With: financial plan, mental accounting, personal finance

The Fundamental Law of Lifestyle Inflation

November 20, 2019 by Brendan Mullooly

From 2008 to 2011, the Katy Freeway in Houston underwent a $2.8 billion makeover with one goal: reduce traffic. Upon completion, its widest stretch of roadway had been expanded to contain 26 lanes. But as many other metropolitan areas can attest to, one more lane rarely does the trick (see LA below). In the battle…

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Filed Under: Financial Planning Tagged With: lifestyle inflation, personal finance

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Brendan Mullooly, CFP®

Brendan Mullooly, CFP®

Brendan Mullooly is a New Jersey based CFP® professional and investment advisor at Mullooly Asset Management, Inc.

Recent Posts

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  • The Most Difficult Decision in Finance
  • How a CFP® Professional Handles Monthly Cash Flow
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  • A Newfound Appreciation for Risk

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Disclaimer

The content on this website reflects the personal opinions, thoughts, and analysis of Brendan Mullooly. It should not be taken as a description of services provided by his employer. The opinions expressed on this website are for general informational purposes only and are not intended as specific or personalized financial advice. The views on this website are subject to change at any time without notice. Nothing on this website constitutes investment advice or a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is never a recommendation to buy or sell. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

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