AUGUST NEWSLETTER | Today & Always: Cash Is Queen

Hi friends,

As true money nerds, we are *actually* excited to talk about cash flow this month. As we love to say: Cash is Queen! 👑

As Georgia recently shared with Fortune, market uncertainty can create anxiety, so we aim to shift our focus to things we have more control over, like cash flow (more below).

It’s also a great time to reflect on our manifesto’s reminder to prioritize connection, because “We know our greatest wealth is our personal relationships.”

Georgia + Team Modernist


Investment insights

Want to wrap your head around inflation but also have a laugh? John Oliver’s got you.

On the blog, our Investment Committee put recent stock and bond market performance into perspective, since our portfolios are constructed knowing that ups and downs will happen.

We also shared action items for making the most of down marketsGive it a read.

🗞 Feeling emotional about it all? This great NYT article digs into financial therapy as a much needed bridge between financial and emotional expertise. Here's to all great financial therapists out there!


Structuring Your Wealth Around Your Values: Cash Flow

We are deeply passionate about cash flow around here. A first step to creating more financial satisfaction is often understanding your day-to-day relationship with spending, saving, and what you value.

On Michael Kitces’ podcast, Georgia gave a detailed breakdown of how we help our clients implement new cash flow structures—including our multiple bucket approach. It seems wild, but *YES* 6 separate bank accounts can make budgeting waaaaay easier! Give it a listen here (start at the 40 minute mark).


📆

So much student loan $$$ news!

If you’ve completed public service work, you could qualify for the loan forgiveness under the PSLF Waiver Offer.

Quick: Before the end of October - see if you qualify!

Also, learn more about our new fav topic in this season's Tax Planning meetings: Biden's new Loan Forgiveness program here!


modernist takes it outside

Georgia chatted with Charlotte Cowles for a recent New York Magazine's The Cut article on how to find a financial adviser.

It’s a fantastic resource for anyone looking to understand where they’re at in their financial journey and what kinds of support they might need!

Did you catch Georgia on the nightly news recently?!
KATU reporter Genevieve Reaume interviewed her about getting recession ready. A great takeaway: “We prepare for fires and earthquakes, why not this?”


FUND YOUR HEROES

With midterm elections quickly approaching, we’re supporting the work of these grassroots orgs:

🗳 An easy and effective way (from home even!) to increase voter turnout is letter writing. Vote Forward provides tools, templates, and contact info so that it’s easy to reach out and encourage folks to join you in voting.

🗳 Next Up Oregon builds political power among young people across the state, with a focus on the restoration of voting rights. Check out their 2022 legislative priorities or support their work with a donation.


ART BREAK: PICA’s Time-Based Art Festival

PICA’s beloved Time-Based Art Festival is back next month with the year’s most innovative performance art! This year adds NIGHT SCHOOL, a series of evening performances. We’re especially excited to see our fave art queen Pepper Pepper in the lineup with Drag Animism and the Cyborg Sissy.

See you there?!


A SONG THAT IS REALLY ABOUT FINANCIAL PLANNING

Kraftwerk’s “Pocket Calculator”

We love music as a fuel for our work at Modernist. Any given day, we could be listening to Beyonce’s new album, Mulatu Astatke, Queen, or Kraftwerk. It’s a toss up for our ultimate musical heroes, really…

This month we’re sticking with the incredible Kraftwerk anthem for radical financial planners everywhere: Pocket Calculator. There are so many great live performances from 1981, but we’re going with this Italian TV show. Florian is playing a pocket-calculator-turned-tiny-synthesizer!

I'm the operator with my pocket calculator
I am adding / And subtracting / I'm controlling / And composing

 
 

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WALL STREET JOURNAL: An Engaged Couple Looks To Clean Up Their Finances—An Adviser Tells Them How

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FROM OUR INVESTMENT COMMITTEE: How to Make the Most of Down Markets