Financial Planning
Your Brain is an Evidence-Seeking Machine
In a previous post, I talked about the idea that our brains are “Thought-Making Machines” that churn out thousands of thoughts a day. My brain is a champ at churning out thoughts by the boatload, particularly if I’m chewing the worry bone about something. Today I’m talking about a related topic, which is that our…
Read MoreRewiring Your Money Brain
Accepting and Moving on From Money Mistakes
The Benefits of House Hacking
How Escalation Clauses Work
Paying $60 for a $40 Shirt
5 Reasons Why Starting a Side Business Makes Great Sense
People’s expectations of work and career are dramatically changing within our rapidly shifting economy. One persistent trend is the number of people who work more than one job to make a living. According to the most recent data from the Bureau of Labor Statistics, 5% of US workers hold multiple jobs. For some workers, it…
Read MoreWhen Do I Need a Financial Planner?
Sometimes Seeking Help is Obvious and Sometimes It’s Not Many times in life, it’s a pretty straightforward decision to contact a professional service provider. For example, if a strong thunderstorm tears through your neighborhood, rips some shingles off your roof and you end up with a puddle in your living room, you know it’s time…
Read MoreDiversification Isn't Enough
Guest Post by David Waldrop, CFP® Diversification is an important principle that prudent investors and advisors adhere to. It is best explained by the expression “don’t keep all of your eggs in one basket.” If XYZ stock is the basket you put all your eggs into and it goes haywire, all your eggs are gone. And…
Read MoreThe 80 Percent Approach to Personal Financial Planning
What Does a Dead Italian Guy Have to Do with My Personal Finances? I’m a big fan of the Pareto Principle. It is named after Italian economist Vilfredo Pareto and is also known as the “80/20 rule.” When observing commerce during the late 19th and early 20th century, Pareto noticed that 80% of an economy’s…
Read More