Derrick Vickery Financial Advisor

Derrick Vickery Financial Advisor CERTIFIED FINANCIAL PLANNER™ Practitioner
I do comprehensive financial planning and investment management.

Securities offered through LPL Financial Member FINRA/SIPC finra.org sipc.org. Investment Advice offered through KPP Advisory Services LLC, a registered investment advisor. KPP Advisory Services LLC and Kentucky Planning Partners are separate entities from LPL Financial.
• Third party posts found on this profile do not reflect the views of LPL Financial and have not been reviewed by LPL Financial as to accuracy or completeness.
• The financial professionals associated with LPL Financial may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. The information provided herein is for informational purposes only and does not constitute financial, or legal advice. Investment advice in an advisory capacity can only be rendered after delivery of KPP Advisory Services, LLC's disclosure statement (Form ADV Part 2) and execution of an investment advisory agreement between the client and KPP Advisory Services, LLC.

10/09/2026

**Inflation Reality**

Inflation is real, and it slowly reduces what your money can buy. Your money needs a growth plan just to keep up.

10/07/2026

Step 4: Build Your Actual Budget

Now it’s time to put your numbers together:

➡ Start with your monthly take-home income
➡ Subtract your fixed expenses
➡ Subtract your variable spending
➡ Subtract your financial goals

Then, do the math.

If your expenses are greater than your income, adjust the numbers until the budget works.

Spend less in one category, move money to another, and keep rearranging until everything has a place.

Budgeting is a little like building with LEGOs—you may have to move some pieces around before everything fits.

10/05/2026

Owning a business can blur the line between business money and personal money.

But keeping them separate can make it easier to:

✔ Track the true profitability of your business
✔ Prepare accurate tax returns
✔ Manage cash flow
✔ Protect personal assets
✔ Make better business decisions

Use separate accounts, maintain good records, and pay yourself through a consistent process.

Your business finances should tell you how the business is performing—not how much you spent personally last weekend.

10/02/2026

**Interest Is Expensive**

Don’t let interest eat your paycheck. The less interest you pay, the more money you can save, invest, and use to build the life you want.

09/25/2026

Credit Score

Your credit score is your adult report card. 📊

It doesn’t measure your intelligence, income, or worth—but it can determine how much you pay to borrow money.

09/23/2026

Step 3: Try the 50/30/20 Rule

Need a simple place to start? Divide your monthly take-home income into three categories:

50% — Needs
Housing, utilities, groceries, transportation, and minimum debt payments

30% — Wants
Dining out, entertainment, shopping, and subscriptions

20% — Financial Goals
Saving, investing, and paying extra toward debt

These percentages won’t fit every household—and that’s okay.

Think of the 50/30/20 rule as training wheels for budgeting: a simple way to create structure until you find what works best for you.

09/21/2026

Do You Know What Your Business Is Worth?
You know how much revenue your business generates.

But do you know what your business is actually worth?

That number can affect:

✔ Your retirement strategy
✔ Your succession plan
✔ Life and disability insurance decisions
✔ Buy-sell agreements
✔ Estate planning
✔ Negotiations with a potential buyer

Revenue, profit, and business value are not the same thing.

You wouldn’t prepare for retirement without knowing the value of your investment accounts.

Your business shouldn’t be any different.

09/18/2026

A financial plan is also a stress-reduction plan.

Clarity won’t eliminate every problem—but it can eliminate a lot of uncertainty.

09/16/2026

Step 2: Categorize Your Spending

Now that you know your numbers, break your spending into a few simple buckets:

Fixed Expenses:
🏠 Rent or mortgage
🚗 Car payments
📱 Phone
💡 Utilities

Variable Expenses:
🍔 Food
⛽ Gas
🎟 Entertainment
🛍 Shopping

Financial Priorities:
💰 Saving
📈 Investing
💳 Paying down debt

This helps you see where your money is really going—and sometimes, the answer is surprising.

09/14/2026

Could Your Business Continue Without You?
If you couldn’t work tomorrow, could your business continue operating?

Many businesses depend heavily on one owner for client relationships, important decisions, and daily operations.

Every business owner should consider:

✔ Who could temporarily manage the business?
✔ Who has access to important accounts and information?
✔ How would employees and customers be notified?
✔ Could the business continue paying its bills?
✔ What would happen to the owner’s family?

A successful business shouldn’t depend on everything going exactly as planned.

Build a business that can survive the unexpected.

Address

Somerset, KY
42501

Opening Hours

Monday 8am - 4pm
Tuesday 8am - 4pm
Wednesday 8am - 4pm
Thursday 8am - 4pm
Friday 8am - 4pm
Saturday 8am - 4pm

Telephone

+16066779164

Website

Alerts

Be the first to know and let us send you an email when Derrick Vickery Financial Advisor posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Derrick Vickery Financial Advisor:

Shortcuts

Featured

Share

Category