Saving money for the future is a good habit. To do it means exercising the virtue of delayed gratification. So it’s only natural that disciplined savers often feel a sense of satisfaction as month-by-month they see their nest egg grow. But being fixated on saving, especially when you don’t need to, can also be a [...]
When you were in high school, you most likely had some adult tell you, "Just wait until you get out into the real world. Things are going to be different." That statement alone didn't tell you how things were going to be different in the working world. But it let you know, to successfully transition to the [...]
If you've ever listened to the radio show hosted by personal finance guru Dave Ramsey, you know that most of what he says is for the benefit of people in financial trouble. They're seeking his advice to get out of debt, put more into savings, and generally do a better job of managing their money. [...]
Notorious criminal Willie Sutton was once asked why he chose to rob banks. He replied, “Because that’s where the money is.” Fortunately, the vast majority of people don’t pick up a gun to rob financial institutions. But it seems to be part of human nature that whenever there is a large source of money that [...]
In talking about the way he handled his finances, comedian Steve Martin said, “I love money. I love everything about it. I bought some pretty good stuff. Got a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline powered turtleneck sweater. And, of course, I bought some dumb stuff, too.” [...]
On June 9, the U.S. Department of Labor’s Fiduciary Rule—the most famous and controversial set of investment regulations you’ve probably never heard of—is going to start taking effect. The rule promises better protection for investors who employ financial advisors to help manage their retirement accounts, including rollovers into an Individual Retirement Account. The Fiduciary Rule [...]
“Financial Mission - The Retirement Gridiron” Here's this week's Financial Mission, if you choose to accept it. Each week I'll send you a replay of my new podcast, "Your Financial Mission," where I discuss financial topics and share insight that impact your overall financial strategy. This week's Mission: The Retirement Gridiron If you choose to [...]
“Remembering the Fallen” Today, Memorial Day, is the day we remember those who have fallen while serving America and her people in defense of freedom and freedom's cause. Many of us know the shock of losing someone dear, especially when it's unexpected. I lost a brother in 1996 when his F18 crashed in the [...]
“Financial Mission - The Retirement Marathon” Here's this week's Financial Mission, if you choose to accept it. Each week I'll send you a replay of my new podcast, "Your Financial Mission," where I discuss financial topics and share insight that impact your overall financial strategy. This week's Mission: Emotions and Retirement Planning If you choose [...]
“Financial Mission - The Retirement Marathon” Here's this week's Financial Mission, if you choose to accept it. Each week I'll send you a replay of my new podcast, "Your Financial Mission," where I discuss financial topics and share insight that impact your overall financial strategy. This week's Mission: Rookie Mistakes If you choose to accept [...]