Mike joined the Merriman team in October 2018. He graduated from the University of Washington with a bachelor’s degree in business administration in 2014, and previously worked in corporate finance and investment management.
When not working, Mike spends his time fishing on the Puget Sound, golfing and exploring the PNW trails with his wife, Alyssa, and their dog, Avery.
Discipline has always been a huge part of my life. Whether surfacing through routine, structure or a desire for predictability, discipline has always guided my decision making. Like most eager students, when the time came to pay for higher education, I took out student loans to cover tuition and expenses. Not fully aware of the potential consequences of compounding interest, I made the minimum payments after graduation, hoping to see the balance dwindle. Progress was painstakingly slow, and it wasn’t until I used an amortization table that a light bulb flashed. Why am I taking 10 years to pay this? How much extra is it going to cost? What happens if I change the time frame from ten years to three? It wasn’t until I understood the components of the loan that I fully grasped my financial landscape.
My wife was in the same boat. Working together we developed short- and long-term goals, which completely shifted our perspective. We put these goals on paper, and they ultimately ended up on the refrigerator.
We started revisiting them twice a year, which allows us to maintain focus and support one another during tough times. We find this process alleviates stress and allows us to develop concrete action items that we can implement together. These actions had and continue to have a dramatic impact on our financial lives and most importantly our relationship.