How The Brain Changes When We Grieve | What I Lost When I Stopped Crying | Three Lessons from Aristotle On Friendship | Can Americans Talk About Their History Without False Antagonism? | 31 Lessons I’ve Learned About Money
Looking back on my own life, and the decades of research and professional experiences I've had, I have distilled a few very simple things that can stack the odds in your favor. (If you know someone who has recently graduated from college, I hope you will share this with them.)
If Abraham Maslow taught a class in personal finance, he would have described earning and saving as the foundation of any personal financial success program. Earning allows us our physiological needs – food, shelter, clothing – and saving is the bedrock of security. Earning and saving would be the bottom two levels of his famous pyramid.
Investing leads to improved outcomes across the many spheres of our lives. Financial investing leads to better financial outcomes. You absolutely must invest. But, before you invest, you should know the answer to these three questions.
5 Ways to Increase Your Happiness, According to Science | 2,000 Years of Kindness | There’s a Psychological ‘Vaccine’ against Misinformation | Are Joint Bank Accounts Good for Your Marriage? | The A to Z of Economics
What to Read and Watch When You're Sad and Just Want to Wallow a Little Bit | ‘Is This It?’ When Success Isn’t Satisfying | Why Everyone Feels Like They’re Faking It | How To Log Off | Charley Ellis: Six Nuggets of Investment Wisdom
There is a handful of additional investment knowledge that will help you earn better returns and keep more of your returns. These are portfolio optimizers. When correctly put into action, they can increase the probability of achieving your goals – and sooner.
Examining the History of the U.S. Racial Wealth Divide Shows Stagnating Progress on Closing These Disparities | In Defense of the Unoptimized Life | Americans Largely Satisfied With Their Personal Life | How Sensitive People Can Stop Taking Things So Personally in Their Relationships | The Long Term Investor: How to Measure the Success of Your Portfolio (Podcast)
When someone chooses to hire an advisor, they are delegating some or all of the responsibility for their financial future. But, they know that only their families will experience the outcomes of the work. Only the client will know success or failure. Only the client will be accountable. This is a huge decision.
All successful long-term investors are continuously acting on a plan that is founded on their deeply personal values and goals. They are appropriately allocated, they are broadly diversified, and they rebalance regularly. They are patient and remain mindful of their limitations. No one knows what is coming next.
About 40,000 people visit Mt. Everest’s southern base camp every year. Only 800 make the summit. Our brief step-by-step guide to personal finance that started in early January has brought us comfortably to the financial equivalent of base camp.
Most investors get this wrong - they mistakenly believe that market risk is the issue they have to overcome. And, in the attempt to manage for market risk, they worry about the wrong things. Recession is one of those things that, while potentially painful in the short run, resolves itself to become a minor issue in the long run.
Dr. Allen Lycka of the How to Live A Fantastic Life podcast interviews Jonathan DeYoe of Mindful Money.
Even if you love working, financial independence – the ability to live comfortably on your own terms (working or not) – is probably your ultimate financial goal. This used to be called “retirement”...
Your financial road, like the rest of your life, is multi-dimensional. The path must traverse the many switchbacks of a steep and relentless climb. In financial terms, the difficulty of the climb is all about debt.
As we all know, life comes with a fair amount of challenges. Your car breaks down. A tree falls on your house. You lose your job. The proverbial s#!t happens. But none of it has to get in your way – not when you have an emergency fund.
Inequality Might Be Going Down Now | The Mindset That Brings Unlimited Willpower | Seven Ways To Make the Most Of Your Time | Two Lifestyles Table (from Huberman Article) | How Dividends Juice Your Returns in the Stock Market
There is NO secret to building wealth. Contrary to popular opinion, the steps to growing wealth are not sexy or tricky or speculative. Nor do they require personal brilliance or constant hands-on management. What it takes to build wealth is within your power right now.
Financial security is not a commodity; it can’t be found in a product. It isn’t available for sale in any way. Financial security is a journey. It is a path of trade-offs, acceptance, self-reflection, and hope. Getting there will require some effort and no small amount of luck.
If you look hard enough, you can find stories that tell a contrasting and enduring narrative for what we truly need for a successful and meaningful life. Your story can do the same - but first, you have to know your heart. You must define what is worth seeking for you.