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 […]
Category: Social Security
Rely on the Wisdom of the Crowd
Rely on the Wisdom of the Crowd In 1906 at a country fair in Plymouth, UK, 800 people participated in a contest to guess the weight of a slaughtered and dressed ox. Statistician Francis Galton was there and observed that the average guess of 1197 pounds was just 1 pound from the actual weight of […]
What is Financial Planning?
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, […]
Faith In The Future
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 […]
Why Volatility is Good
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 […]
Social Security Isn’t Going Away
In a recent survey, 55% of adults believe Social Security won’t be around when they retire, yet 72% say they will need that money in retirement. It’s become very common to believe Social Security is “bankrupt” or even a “ponzi scheme,” when the truth is far from this. Instead, know that Social Security isn’t going […]