Brooklynn Chandler Willy is a financial professional specializing in retirement planning who lives in San Antonio, Texas and founded Texas Financial Advisory, where she serves as President and CEO.
Brooklynn Chandler Willy onWhat Is Inflation and How Does it Affect You? | Austin, Texas
When you hear the word in relation to economics, you may get worried. However, a normal amount of inflation is necessary for an economy. Healthy economies generating inflation is actually a good thing when it’s minimal. Growing about 2 percentage points normally reflects a healthy increase in the economy’s activity, normally happening because of a growing population. However, when inflation begins to rise outside of the rate of wage increases, we have a problem.
What exactly is inflation?
Whe...
Brooklynn Chandler Willy on Real Estate and Retirement | San Antonio, Texas
Whether you invest in a physical property, such as an apartment building, or an investment in a real estate investment trust or mutual fund, many financial-planning professionals say that income-producing real estate is essential for a well-performing retirement portfolio. A study of asset returns in developed countries over the last 150 years found that real estate investing for retirement offers the best of both worlds.
Real estate investing for retirement can provide a ton of benefits. You...
Brooklynn Chandler Willy on The Importance of a Backup Budget | San Antonio, Texas
With inflation rising and COVID-19 still prevalent worldwide, funding and risk capacity have become unpredictable. This article will introduce how a backup budget can be a helpful resource for accurately measuring risk capacity.
What is a Backup Budget?
A Backup Budget is a minimum amount you would be willing to spend on your living standard. There are a few ways someone can calculate their backup budget. The first and traditional method is to go through your regular budget and remove any non...
What Is Inflation and How Does it Affect You?
Brooklynn Chandler Willy | San Antonio, Texas
When you hear the word inflation in relation to economics, you may get worried. However, a normal amount of inflation is necessary for an economy. Healthy economies generating inflation is actually a good thing when it’s minimal. Growing about 2 percentage points normally reflects a healthy increase in the economy’s activity, normally happening because of a growing population. However, when inflation begins to rise outside of the rate of wage incr...
Traits That Women Business Leaders Often Share
Brooklynn Chandler Willy | San Antonio, Texas
Women business leaders are becoming more and more common in the business world. This is much to the benefit of businesses and employees everywhere. According to Harvard Business Review, women have more key leadership qualities than their male counterparts. Likewise, women are more likely to listen to others and support those like them.
This news is inspiring more women to break into the business world. For those seeking to emulate the success of t...
Filing a Tax Return if Most of Your Income Is Social Security
Brooklynn Chandler Willy | San Antonio, Texas
Nobody likes having to file their taxes each year, yet it is one of the many necessities of life. However, filing taxes can be more intimidating or complex based on your income. Those living on social security naturally may have several questions on the matter.
Most people have one question regarding social security and taxes: do they need to file if most of their income is based on social security? The correct answer can vary, but on the whole, w...
What Millennials Need to Know About Retirement
This post was contributed by a community member. The views expressed here are the author's own.
Brooklynn Chandler Willy shares her insights on what millennials need to know about retirement and preparing for their future.
Millennials everywhere are beginning to start saving money for retirement. You may think that retirement is too far away, that you can save starting next year, or start saving when you have a better job. However, millennials are in the best position right now to make sure t...
What Is Inflation and How Does it Affect You?
Brooklynn Chandler Willy explains what your should know about inflation and how it affects you to help make better financial decisions.
When you hear the word When looking at inflation in layman's terms, inflation is when the prices of goods and services increase. Inflation can happen because of things such as product shortages, labor shortages, and wage increases. It can also be caused by hikes in prices for raw materials and higher demand for products. Changes in policy decisions for issues...
Useful Apps to Keep You on Your Budget
Brooklynn Chandler Willy | San Antonio, Texas
Managing money can be an intimidating prospect for many – but it is still an essential move. Thankfully, there are plenty of online tools available to make the idea of money management more approachable these days. For example, hundreds of new money management apps are on the market every year.
Apps designed to help with budgeting can be a life-changer, though it can sometimes be challenging to find the right one for you. Here are some of the top ...
Common Mistakes that New Entrepreneurs Make | Brooklynn Chandler Willy
Brooklynn Chandler Willy | San Antonio, Texas
Entrepreneurship is an incredible business opportunity for many people, so it’s only natural that you are considering becoming an entrepreneur. However, it’s absolutely necessary to understand that becoming an entrepreneur is no walk in the park. Read on to learn about the most common mistakes that new entrepreneurs make, so you can ultimately find success.
Not Making a Business Plan
Business plans seem like an optional step to people. However, if...
What Millennials Need to Know About Retirement | Brooklynn Chandler Willy
Brooklynn Chandler Willy | San Antonio, Texas
Millennials everywhere are beginning to start saving money for retirement. You may think that retirement is too far away, that you can save starting next year, or start saving when you have a better job. However, millennials are in the best position right now to make sure that their retirement is the most profitable. If you start saving now, the compound interest that you will gain will be incredibly helpful. Here are some things that you as a mil...
Filing a Tax Return if Most of Your Income Is Social Security | Brooklynn Chandler Willy | San Antonio, Texas
Nobody likes having to file their taxes each year, yet it is one of the many necessities of life. However, filing taxes can be more intimidating or complex based on your income. Those living on social security naturally may have several questions on the matter.
Most people have one question regarding social security and taxes : do they need to file if most of their income is based on social security? The correct answer can vary, but on the whole, while it isn’t always required to file taxes —...
Tips for Saving For Your Next Vacation | Brooklynn Chandler Willy | San Antonio, Texas
loves talking about and planning their next vacation. However, the most challenging part of planning a vacation generally is setting aside the money to have all that highly anticipated fun. Having a financial plan in place ahead of time can allow you to save up for that vacation — without stressing.
With that in mind, here are some tips on saving up for your next vacation . Keep these tricks in mind, as they will be useful year after year.
Create a Budget
The first step in saving up for a vac...
Marketing Strategies for Startups That Are Cheap and Easy | Brooklynn Chandler Willy | San Antonio, Texas
Marketing is an essential part of any business — especially for a startup business. After all, people can’t support a startup if they’ve never heard of it. There are several strategies for marketing, some more expensive than others.
Ideally, smaller businesses and startups should deploy marketing strategies that are both cheap and easy. This reduces business overhead costs at a critical time and makes it more manageable for a smaller team to tackle. Here are some strategies worth considering....
How Covid Could Affect Retirement Planning
Understanding how Covid-19 might impact your financial future.
In 2020, COVID-19 changed the way humans interacted with the world. It has brought with it countless changes, health risks, and financial burdens. While many Americans were able to get short-term help in stimulus checks, there are still many financial concerns to contend with.
Until we can fully understand the long-term effects of COVID-19, it may not be possible to fully understand the financial impacts that it will bring with it...