A friend recently told me that all he wants to know about his finances is how much money he needs before retiring. He doesn’t care about understanding his spending—or even looking at it! He knows his spending is high today, but he believes he can reduce it at any time, and the best time seems […]
Running on autopilot can be dangerous. If a pilot’s course is off by 1 degree traveling from San Francisco to New York, they will end up 40 miles out in the Pacific Ocean. Likewise, if you don’t recalibrate your financial autopilot settings, you’ll miss your destination of financial security. A particular setting that I find […]
You’ve finally pulled the trigger, selling a chunk of your company stock and leaving you with a pile of cash sitting in your brokerage account. What now? Well, if you’re like most people, you’ve already put some thought into this. You probably wouldn’t have sold if you didn’t need the cash, but perhaps you sold […]
Financial Planner. Financial Advisor. Investment Advisor. Or even Investment Adviser. Do these terms create vibrations of stress in your life? Yeah, me too. You see, I don’t really know what they mean! Every one of these people who calls themselves by one of these titles seems to do something a little bit, if not completely, […]
People do it all the time. In the face of their worst imaginable fears, they do it. Probably not because they want to. They do it, maybe, because that’s the way we humans are wired. What do they do? They continue. And the only thing that might be driving them is a faith in the […]
My wife makes fun of my driver. Every time we play golf, she has not one, but several “witty” comments during the round. Every time. But, you see, I like my driver. Yes, it’s 25 years old. Yes, it’s very small (or, I like to think of it as normal-sized as all the drivers these […]
The market has crashed. Like we always knew it would. We didn’t know when. We didn’t know why. And we don’t know for how long. But we knew it would crash again, which is why we plan for it. So, now what? Here are seven things you should do right now to improve your position […]
The phrase in the title of this post is said to have been first used in the novel “Don Quixote,” and is written as follows, “It is the part of a wise man to keep himself today for tomorrow, and not venture all his eggs in one basket.” The message, of course, is that it […]
Imagine if you could have someone else go to work and send you the paycheck. Wouldn’t that be great? Now, what if that person were brilliant, and leader in her field? What if she was an undiscovered talent who ends up making it big, and when her earnings rapidly grow over a short period of […]
Life is good today. Life is very good. In fact, life is the best it has ever been. And it’s getting better. Optimism is the Only Realism. If we take any cue from history, this can only be true. To be anything other than a long-term optimist, we must cast aside thousands of years of […]