Founder of DeYoe Wealth Management Believes Class of 2012 Has Some of the Best Opportunities

A Leading Financial Advisor Reaffirms that Hard Work, Proper Planning, and Smart Implementation Still the Formula for Achieving the "Happiness Dividend"

Berkeley, CA (prHWY.com) June 28, 2012 - Berkeley, CA, June 26, 2012 -- In an open letter published in the San Francisco Chronicle, Robert Reich, professor of public policy at the University of California at Berkeley and former U.S. secretary of labor, summed up the prospects for the graduating class of 2012 in two words: "You're screwed." Jonathan Deyoe, founder of DeYoe Wealth Management, thinks Reich made some valid points, but his message is wrong. "College graduates need to construct a plan for their future and build something positive for themselves rather than focusing on the downturn in the job market," said DeYoe. Balancing planning, education, and implementation as you work towards life goals can help you earn what DeYoe calls, "The Happiness Dividend."

According to Reich, it will be much harder to find a job in the current market than in 2008 when the recession began, and the pay will be worse than ever. Many of those graduating are also facing more student loan debt: $25,000 on average, although 10 percent of graduates will owe more than $54,000. As Reich notes, the cost of a college education is rising faster than inflation while state spending-per-student is at a 25-year low. Reich predicts that "at some point in the not-too-distant future ... college is no longer a good investment."

Despite gloomy short-term fiscal and employment prospects, DeYoe feels that Reich is sending the wrong message to the class of 2012. "Today's graduate has more opportunity than ever to pursue the Happiness Dividend, which is the work/life/investment balance that can give folks confidence and tranquility as they work toward their larger goals," said DeYoe. In fact, DeYoe believes that those starting their careers today may turn out to be a lot like his grandparents, who emerged from the challenges of the Great Depression better prepared for their future.

"Markets are volatile and life is always uncertain, so what 2012 college graduates need to do is work hard today and plan for tomorrow, just as Tom Brokaw's 'The Greatest Generation' did during the Depression," said DeYoe. "It's individual effort and behavior that affects long-term success or failure, not the state of the economy or the political climate." He suggests graduates adopt a planning-based approach and leverage their education to quickly pay down their current loan debt so that they can start saving to fund their goals.

DeYoe adds that the secret to professional and financial success lies in the balancing of planning, education, and implementation. Unfortunately, financial professionals and their young (and old) clients often focus on implementation - trying to second-guess the economy and the stock market - without sufficient planning or education. But without a strategic plan, there is no framework for goal setting or ability to assess your success in light of the long-term strategy. And without education, you won't have the knowledge necessary to implement the plan and stay on target. You need all three legs of the stool.

"Despite the doom and gloom in the news, today's graduates should never discount the value of hard work or forget that new business ideas emerge every day," said DeYoe. "There is plenty of hope and innovation out there. And when you combine elbow grease with strategic planning, education, and careful implementation, I believe it is possible for anyone to achieve their dreams," said DeYoe. "That has never changed."

About DeYoe Wealth Management

Based in Berkeley, California, DeYoe Wealth Management is passionate about helping clients pursue financial independence on their terms. The firm offers access to comprehensive financial services, including customized asset management, holistic financial planning, and insurance solutions tailed to meet the needs of our clients and their families. Our objective is to help our clients maximize their Happiness Dividend, working towards financial independence while realizing their dreams. DeYoe Wealth Management uses a six-step process to make sure our clients' investment strategies keep pace with their changing lifestyle, planning for current needs and future goals. For more information, visit www.deyoewealthmanagement.com.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations to any individual.

Jonathan K. DeYoe, AIF® & CPWA® is a registered principal with and securities and advisory services offered through LPL Financial, a Registered Investment Advisor - Member FINRA/SIPC.

Contact: Nancy Wright Cooper, DeYoe Wealth Management, (510) 848-0012, ext. 103, ncooper@deyoewealthmanagement.com

Media Conact : Tom Woolf, Woolf Media & Marketing, (415) 259-5638, tomw@woolfmedia.com

Contact :
Nancy Wright Cooper
DeYoe Wealth Management
1400 Shattuck Avenue Suite 1 Berkeley, CA 94709
(510) 848-0012, ext. 103
ncooper@deyoewealthmanagement.com
http://www.deyoewealthmanagement.com

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Tag Words: career, investment, wealth management, deyoe, financial

Categories: Business

Press Release Contact
Nancy Wright Cooper
DeYoe Wealth Management
1400 Shattuck Avenue Suite 1 Berkeley, CA 94709
(510) 848-0012, ext. 103
ncooper@deyoewealthmanagement.com

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