Life has changed. You went from being all on your own and only responsible for your own needs to being responsible for other people. Now, it’s all about giving the people you love the very best you can. You want to give them things you never had and allow them to experience things you only dreamed of. The problem is,…
Tweets of The Week Favorite Articles Morgan Housel: The Ugly Scramble– “To the patient investor with a ton of cash, a huge market decline requires no immediate action. And not because it doesn’t affect them – it often does – but because however it affects them can be dealt with slowly and methodically. Maybe they realize they want a more…
Managing your finances can be a hard thing to do on your own, especially when you add in complex topics like stock options, retirement planning, etc. This is why many people choose to hire a financial advisor; to make the complex feel simple. So, you finally decide to hire an advisor. But then, you start your search and immediately feel…
Tweets of The Week Favorite Articles Morgan Housel: Here We Are: 5 Stories That Got Us To Now– “One is that the lifestyle of legitimately wealthy people inflates the aspirations of lower-income families, pushing them towards funding an equivalent lifestyle that can only be achieved with ever-growing amounts of debt. This is true for everything from houses to cars to college…
78% of Americans live paycheck to paycheck. Ever wondered why? As a society, we have become so focused on what we have instead of what we have saved. Material possessions are our sign of status these days. We feel obligated to buy every new thing to keep up, as if we would be seen as less without them, and before…
Tweets of The Week Favorite Articles Morgan Housel: Here We Are: 5 Stories That Got Us To Now– “One is that the lifestyle of legitimately wealthy people inflates the aspirations of lower-income families, pushing them towards funding an equivalent lifestyle that can only be achieved with ever-growing amounts of debt. This is true for everything from houses to cars to college…
Have you ever caught yourself using “When …Then” statements when talking about your finances? If you have, you are not alone. It’s so easy to get caught in this trap. One thing I hear all the time when talking to people is phrases like “When my income goes up, I will start saving” or “When my kids are out of…
Tweets of The Week Favorite Articles Morgan Housel: Lots of Things Happening At Once! – “Real history is the story of lots of things happening at the same time.nBig trends rarely have one cause.of work just to stay in place, but that’s how it works. Keep running.” Nathaniel Popper: Robinhood Has Lured Young Traders, Sometimes With Devastating Results? – “They encourage people…
A few posts back, I wrote about what I consider to be some low hanging fruit for young professionals. As I read through responses, I came across a ton of questions that required more than a quick response. I decided the best way to help was to take that post to another level. This time I created an example with…
Tweets of The Week Favorite Articles Morgan Housel: Keep Running! – “There is never a time when an investor can discover an investing strategy and be confident it will continue working indefinitely. The world changes, and competitors create their own little twist that exploits and snuffs out your niche. Same with careers. And job skills. And relationships. And countries. It’s…