Miami’s Nightlife

Those visiting Miami should know that locals rave about the nightlife. As a party city, it has plenty of places where anyone can let their hair down after dark. With so many things to do, it’s never easy to get bored in Miami.

Ball & Chain

One of the best places to go at night is Ball & Chain, which is a popular spot for locals. Known for its live music, this venue hosted performances by legendary musicians such as Chet Baker, and Billie Holiday. Even today, bands play there regularly. A night at Ball & Chain includes dancing and drinking at the full-service bar, which sells tapas for those looking for a bite to eat along with their drink.

Purdy Lounge

For a less crowded nightlife experience, visitors to Miami are urged to spend an evening at the Purdy Lounge. Though it is located away from the typical tourists’ areas, that doesn’t deter them from seeking it out anyway. With a 70s feel to it, the lounge features everything from Lava lamps to classic board games. Visitors to the lounge can sip quality drinks, listen to music and even break out backgammon, checkers and other similar games.

Basement Miami

Among the ultimate entertainment spots in Miami is a venue known as Basement Miami. It encompasses a bar, nightclub, a skating rink, and a bowling alley, all under one roof. The venue got its name because it is located on the bottom floor of the Mid-Beach Edison Hotel. When celebrities are in town, this is often their after-hours venue of choice. It is one of the hottest places in Miami to drink and dance, with a DJ on hand to run the show.

No 3 Social

No 3 Social is another popular spot for Miami nightlife. It is one of the few rooftop lounges in the city and provides excellent views of the skyline. Entertainment at this venue includes DJ, and live band nights, as well as a cinema night and a generous happy hour that even applies on the weekends. Cocktails and small dishes are served at the upscale bar.

Beaker and Gray

Beaker and Gray is the nightspot for those who want to relax. Its cocktail bar and food menu regularly attract locals and tourists looking for a calm night out on the town.

The Role of a Financial Advisor

A financial advisor is responsible for more than just advising their clients in stock market trading; they are crucial components in all aspects of effective financial planning. Their main goal is to educate and provide plans to individuals so they can better manage their finances. 

This includes a diverse range of services, such as estate and retirement planning, debt management, budgeting, and taxes. The term financial advisor is an umbrella term for a variety of different financial planners. These include financial coaches, investment professionals, tax professionals, and wealth managers. Each of these professionals can provide specialized advice on different areas of a client’s financial life.

To create an individualized financial plan, the advisor will first ask their client to complete a questionnaire, which gathers information such as assets, liabilities, income, and expenses. Using this information, the advisor will then create a comprehensive financial plan that discusses not only financial details, but also more subjective topics, including risk tolerance, family situation, and long-term care risk. Based on this analysis, the plan will lay out various scenarios for the future and how to best financial plan for them.

In many instances, people use financial advisors for investment advice. In this case, the advisor will create an asset allocation, which summarizes the distribution of the client’s financial portfolio across various assets. For risk-averse clients, the majority of their portfolio will be invested in government bonds, certificates of deposit, and money market holdings. Less risk-averse clients will have a higher percentage of their portfolio invested in stocks and corporate bonds.

After creating a financial plan with an advisor, regular meetings will take place to make updates, review goals, and provide advice. It is important to recognize that anyone can benefit from having a financial advisor, regardless of net worth. Whether a client is looking to find a way out of an overwhelming financial situation or simply looking to ensure they are on the right track towards meeting their future goals, a financial advisor can be of assistance. 

Additional reasons for hiring an advisor would be to learn how to invest money effectively or to put in place a current estate plan. Financial advisors can provide invaluable insight into these issues.

The information provided above is a suggestion. Please seek advice from your financial advisor before making any financial decisions.

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Updating Your Financial Portfolio

Whether you call it rebalancing or updating, adjusting your investment portfolio ensures that you don’t get stuck with toxic finances. Investment portfolios consist of every investment asset that you own, so the strategy that you invest through, regardless of its success, is bound to change—even if it’s in small ways. 


Consider setting a specific timeframe to adjust your investments routinely, for by doing so, you remain flexible without becoming impatient. What you want to avoid by having a schedule is the habit of changing your finances without reason.

After Enduring Great Losses

Nothing reveals the weaknesses within your financial strategy the way that severe losses do. Tremendous loss is an ideal indicator that you need to review your financial plan by asking about what needs to be changed.

When the Profits Soar

Many investors find that profiting is paradoxical because investors tend to get arrogant when making money from investments. Stopping yourself from forgetting the risks in investing requires that you “adjust your profits into perspective.”

When You Become a Better Investor

A history of success, which finance professionals consider as three years, is the only way to confirm the effectiveness of your investment strategy. Consider adjusting your investment portfolio to account for the lessons that you’ve learned on your route toward consistent profits.

As Economic Difficulties Strike

The one surety every investor has with them is the absolute likelihood of things going wrong in the markets or their own decisions. Success in investing isn’t about predicting the future but about preparing for it. You want to adjust your investments during economic difficulties to protect yourself from further losses.

If You’ve Got the Free Time

2020’s quarantine against COVID-19 has given society a reason to consider adjusting its investment portfolios whenever there’s time to do so. Use downtime to track the progress of your investments. Though you certainly don’t want to make drastic changes in your free time, use that time to confirm that what you thought was good or bad conditions in the financial markets are as you had analyzed.

The information provided above is a suggestion. Please seek advice from your financial advisor before making any financial decisions.

A Guide to Miami’s Top Neighborhoods Part 2

As of 2018, the estimated population of Miami, Florida, sits right below 480,000 people. Miami is known for its vibrant neighborhoods and an outdoor embracing lifestyle. Whether you are looking to stay near the beach, looking for something more urban, Miami neighborhoods have something to offer everyone.

Coconut Grove

Known as “The Grove” to Miami locals, Coconut Grove boasts a laid-back, romantic atmosphere. Regardless of the time of day, take a stroll through Peacock Park and onto the marina boardwalk. Coconut Grove is an excellent destination for a relaxed night out with Plant Food + Wine, Peacock Garden Cafe, Panorama Restaurant and Sky Lounge, and Monty’s rounding out the restaurant choices.

Downtown Miami

Often overlooked, Downtown Miami is home to the Olympia Theater. This historic arts center is home to local events, Broadway productions, and live jazz. Downtown Miami is also a short walk to Bayside, where locals enjoy live music, shopping, and restaurants right on the water. 


Officially dubbed the financial district, Brickell is a hub for Miami transplants. Whether you’re looking for dining or shopping, Brickell has it! Restaurants like Sidebar and Blackbird Ordinary are the perfect spot to grab drinks before a night of cabaret at El Tucan. Brickell is also home to a new shopping center, Brickell City Centre, and has a variety of stores for every budget! 

Upper Eastside

The Upper Eastside is an Instagrammer’s paradise. Also known as the MiMo District, it’s home to several bright colored motels, many of which have been restored to look like they’re right out of a 70s movie! Whether you’re looking to visit Jimmy’s Eastside Diner, featured in the movie Moonlight, or walk around the neighborhood snapping photos, the Upper Eastside is a must-visit destination while in Miami.  


Midtown is a must-see stop when visiting the different neighborhoods of Miami. Whether you’re looking for a spot to shop, grab a glass of wine, or hang out for the day, Midtown is the perfect destination. The Midtown Mall is home to a variety of restaurants and shopping. If you’re looking for great finds, make sure to stop in at Grubstake Thrift Store. From records to books, vintage dresses, and home decor, Grubstake has excellent finds for very low prices! 

This blog is a continuation of last month’s post titled A Guide to Miami’s Top Neighborhoods. To read part one, please click here!

A Guide to Miami’s Top Neighborhoods

As of 2018, the estimated population of Miami, Florida, sits right below 480,000 people. Whether they live near the beach or outside of the downtown area, Miami is known for its vibrant neighborhoods and an outdoor embracing lifestyle. Whether you are looking to stay near the beach, looking for something more urban, Miami neighborhoods have something to offer everyone. The following are just a few of Miami’s coolest neighborhoods!

Miami’s Design District

Known as the trendiest zip code in Miami, Miami’s Design District is tucked between Buena Vista, the Upper Eastside, Edgewater, Midtown, and Wynwood. The areas older warehouses have been renovated into showrooms, gallery spaces, and upscale brand-name retail locations. The Design District is also known for its sophisticated restaurant scene!


Wynwood has transformed into Miami’s arts district. While the galleries may be eclectic, Wynwood is the perfect place to walk around and admire the colorful street art which covers most buildings! There is also plenty of shopping in the neighborhood’s unique retail stores. And of course, like most neighborhoods in Miami, Wynwood has some great restaurants as well! From pappardelle gratinate at Joey’s Italian Cafe to a Whiskey Sour at Wood Tavern, there are a plethora of places to check out!

Coral Gables

Commonly referred to as “The City Beautiful,” Coral Gables is known for its lush greenery and other natural elements that enhance its whimsical garden vibe. The neighborhood features Spanish architecture and is home to many must-visit locations! Coral Gables is also home to the haunted Biltmore Hotel, the Venetian Pool, and the University of Miami. But Coral Gables is nothing close to your traditional college town! 

Miami Beach

Most people know Miami Beach as the hotspot always shown on TV shows and in movies, but Miami Beach is more than just that! Known for its historic Art Deco vibes, Miami Beach is home to more than just the beach and nightclubs! The Betsy Hotel, Soho Beach House, and the Lincoln Road Mall are some of the biggest draws to the neighborhood. Miami Beach is also home to some pretty well known “dive” bars. Check out Big Pink if you’re looking for a great meal, or Kill Your Idol if you’re in the mood for some great cocktails. 

Balancing Your Budget

Creating, balancing, and maintaining a budget is one of the crucial life skills to learn as an adult. Without knowing how much you have from week to week or month to month, there is no realistic way to plan for a financial future or have the security of knowing your bills will be paid on time.

The first step towards creating a budget is understanding exactly how much income you have before all required bills need to be paid. Your expected income should include employer wages, investment income, self-employment income, and other sources. Be sure only to include your after-tax wages. Next, it’s time to examine expenses. A great tool is to turn to your previous credit card and bank statements. Your financial institution automatically provides many online tools, offering a handy breakdown of prior purchases into groupings. Within an instant, you can see what percentage of your income is spent on groceries vs. medical expenses, etc. With your expected income and your typical expenses now in-hand, it’s time to move forward with the two types of expenses to budget for needs vs. wants or non-discretionary vs. discretionary expenses.

Non Discretionary expenses are the necessities you must pay for, such as mortgage or rent, car payments, electricity, gas, cable, and cell phone charges. Discretionary expenses are the luxury “wants” that we enjoy, such as entertainment, dining out, or gym memberships. This is entirely up to. You might choose to save for a future goal or put your remaining money away for a rainy day or an emergency. Some people create a discretionary fund to engage in self-care, such as shopping or vacations. 

Once you have written out a budget, it’s also essential to compare it with your actual spending. Just because a budget looks nice on paper, it doesn’t mean it’s reality. Test out your budget for a few months to see how it feels and then make any adjustments. The other important thing to remember is that a budget is a dynamic, ever-changing part of your life. It is not a static chore that you build once and never alter. People’s goals and lifestyles and jobs change all the time, and their budgets should reflect that.

The information provided above is a suggestion. Please seek advice from your financial advisor before making any financial decisions.

The Best Beaches in Miami

When you think of Miami, you think of fun in the sun, and Miami delivers just that with its magnificent beaches! All of Miami’s beaches are open to the public. Whether you’re looking for an isolated spot away from the tourists, or a beach with palm trees to relax in the shade, Miami has just what you’re looking for!

Lummus Park Beach

Whether you’re looking to people-watch, play volleyball, or sunbathe, Lummus Park Beach is the perfect destination. Redesigned in the 1980s, the beach features grassy areas with pull up bars for anyone looking to workout. There are also palm trees for anyone looking for shade. Located along the eastern side of Ocean Drive, a promenade separates the grass from the beach, which allows direct access to the many restaurants that line the boardwalk!


Surfside is the perfect destination for anyone looking for a small beach town vibe. With around 6,000 residents, Surfside is the perfect small oceanfront community. There are plenty of options for both tourists and locals looking to listen to live music, have drinks at the local bars, or hang out on the beach. 

Fort Lauderdale Beach

Perfect for cycling, skating, and jogging, Fort Lauderdale Beach is a people-watching hot spot. Formally known as a college area, the beach has transformed into one of the top beach destinations in all of Miami. The beach’s sandy strip is scattered with tall coconut palms and offers beach-goers amazing blue views of the ocean. 

Crandon Park

Located on Key Biscayne, Crandon Park is famous for its crystal-clear shallow waters. With a nature center, winding boardwalk, and family amusement center, Crandon Park is the perfect location for a family outing. The beach also features cabana rentals, picnic spots with on-site grills, and beach volleyball courts. 

Matheson Hammock Park

Known for its natural landscape of mangroves, old oak trees, and swaying palms, it’s the perfect place to sit back and relax for a few hours. Matheson Hammock Park is located south of Coral Gables and features a marina, boating and sailing, kiteboarding and paddleboarding, and a man-made atoll pool. After a long day of playing in the sun, head to Red Fish Grill, located right on the water’s edge, for dinner!

Miami beaches are notorious for strong winds and sometimes dangerous tides, so most beaches have trained lifeguards to ensure safety!

The Right Questions to Ask Your Financial Advisor

It’s best if you evaluate your financial-advisor candidates before choosing one. If you already have a fiduciary to guide you through your financial decisions, then you need to ask that financial advisor about what they’re achieving. Learning more about what a financial advisor does can help you to find the right one and ensures that they’re achieving relevant objectives. Here’s an overview of the core questions to ask a financial advisor:

What are the Real Costs?

Most-financial advisors within the modern world will guide you to invest in mutual funds.

There’s a slight conflict of interest regarding a fiduciary’s ties with a mutual fund, but financial advisors are still fully equipped to build your financial portfolio by listing your assets. The fee you pay a financial professional who invests in mutual funds, however, is paid through the percentages you gain from investing. Using the gains of your mutual-fund investing to pay advisor fees ensures that your fiduciary only guide you into profit-generating investments.

What are Their Legal Responsibilities?

A fiduciary is legally responsible for working with the best financial interest of you, the client, in mind.

Some financial professionals can sell investments and other-financial instruments but aren’t qualified to tell you how you should manage your money. An untrained investor can misunderstand the defining differences between non-fiduciary and fiduciary roles. Ask your advisor about their legal roles and to show you a proof of any.

What Type of Investment Philosophy Do They Have?

A successful-financial advisor often has a passion for finance and philosophy for how to invest.

You want to ensure that your financial advisor trades in a way that respects your risk tolerance and the perspective you have about money. Ask the financial professional you interview about the long- and short-term goals they have when investing. Ask about how well a financial advisor’s philosophies have “paid off.”

Working with a financial advisor statistically improves your ability to manage, save, and invest money. You’ve heard the term before: “Two heads are better than one.” The risks that you encounter with financial advisors are eliminated by merely asking questions that qualify them to handle your finances.

The information provided above is a suggestion. Please seek advice from your financial advisor before making any financial decisions.

How to Invest Your Tax Return

The Spring season signals the beginning of new life and regrowth. This same principle from nature can also apply to your finances. If you are expecting a tax refund, consider investing into your own future. Have a plan in place well before the check comes in the mail or the direct deposit hits your bank account. The temptation to splurge on impulse purchases may overcome your good sense and ruin investment ideas. Here are a few tax return investment ideas to get you started.

Eliminate Debt

At first glance, paying off existing debt may not seem like an investment plan. But, consider how much you are spending on those high interest credit card payments each month. Are you close to your credit limit on those cards? That is even more reason to pay these balances off or at least down. You can redirect those monthly payments to a plan that makes you money, and you will boost your credit rating as you pay down debt.

Maximize Workplace Benefits

Play your cards right and put money aside for those daily living expenses while you boost your employer sponsored retirement plan contribution. Having a safety net in the bank allows you to finally maximize your company match, and you’ll realize that one or two additional percent really wasn’t noticeable in your paycheck anyway.

Personal Retirement and Health Savings Plans

Most retirees realize that their employer sponsored 401(k) or 403(b) alone are not enough to fund retirement dreams. If you do not already have an IRA, traditional or Roth, use your tax refund to get these started. You can also invest in a Health Savings Account, independently or through an employer. Either way, the tax benefits are incredible and you can enjoy reduced health care expenses and qualified OTC healthcare items.

Charitable Contributions

So you have successfully increased your personal retirement contributions and paid off some of your debt. Maybe you even decided to dabble in the stock market and invested through a fee free app. You should be feeling pretty good about your decisions! Why not share the wealth and help those less fortunate? Remember that your donations are often tax deductible, so you are helping yourself as well. Happy investing!

The information provided above is a suggestion. Please seek advice from your financial advisor before making any financial decisions.

Neighborhood Spotlight: Little Havana

Known as the colorful center of Hispanic culture in Miami, the Cuban neighborhood of Little Havana takes Cuban pride and culture to another level. Located right outside of downtown Miami, Little Havana is full of Latin culture. The cafes, restaurants, markets, art galleries, and venues lend their voices to the different Cuban backgrounds that have sprouted throughout the neighborhood. Whether you’re new to the area, visiting for the weekend, or a Miami local looking for something else to do, Little Havana has plenty of things for you to do, see, and experience.

Calle Ocho

Home to brightly painted roosters, local art galleries, and the Walk of Fame, which honors famous Cubans, Calle Ocho is the perfect location for an afternoon stroll. Calle Ocho in Little Havana’s main strip and is home to Cuban based restaurants and bakeries. Cultural Fridays, held on the last Friday of every month, are home to the best of the Cuban art scene, and culture and musical events. Calle Ocho is even home to Miami’s largest street festival, Carnival, on Calle Ocho, which has street performers, tons of explosive color, and live Latin music.

Maximo Gomez Park

Known as the Domino Park by locals, Maximo Gomez Park is the meeting spot for retirees who enjoy drinking coffee, smoking cigars and playing competitive rounds of dominoes. The park is also a historic area, named after the famous soldier, Maximo Gomez, who fought for Cuban independence from Spain!

El Titan de Bronze

A trip to Little Havana isn’t complete without a trip to El Titan de Bronze to learn about Cuban cigars. Family-owned cigar shops are scattered throughout Calle Ocho, and El Titan de Bronze is the most popular! Cuban cigars are some of the most sought after cigars, and Miami-rolled Cuban cigars are made the same. With age-old rolling techniques, each roller specializes in a specific kind of cigar with El Titan de Bronze making them in small quantities to keep up with the quality.

Culinary Tours

One of the best and most popular ways to explore Little Havana is through culinary tours. These tours offer an immersion into Cuban cuisine through samples of traditional foods at the local restaurants and cafes. From Cuban sandwiches to guava pastelitos, Little Havana culinary tours offer anyone a chance to sample the best foods, learn about Little Havana and discover their new favorite restaurant.

Viernes Culturales

This monthly street party is known as Viernes Culturales, or Cultural Fridays are hosted on the last Friday of every month and highlight local art, music, and cultural events. There are also food and drink vendors set up on the sidewalks, a stage for dancing and music performances, and plenty of local arts and crafts to enjoy.

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