Mindful Money Blog

The Healthy Advisor: Living With Cancer With Lynn Ballou | Living in Hyperbole | Don’t Let Them Fool You | Every Self-Help Book Ever, Boiled Down to 11 Simple Rules | Fix the National Debt

To Have Better Disagreements, Change Your Words | Seeing Stories of Kindness May Counteract the Negative Effects of Consuming Bad News | The Pitfalls of the Pursuit of Happiness | KVIN | What Is Basic Income and How Does It Support Well-Being?

‘You Can’t Say That!’: How to Argue, Better | Dear Americans, Define “Worse Off” | Nobody Optimizes Happiness | The Tyranny of ‘the Best’ | Skill or Luck?

American Crisis: How We Lost Our Faith in the Future and How To Get It Back | Tevye On The Other Hand (Video) | How Web Platforms Collapse: The Facebook Case Study | Influencer Creep | Workaholics: Why Staying Busy Feels Safe and How It Takes a Toll

How to Find Joy in Your Sisyphean Existence | Why Do High IQ People Stagnate in Their Careers? Emotional Intelligence | The War on Suffering | Biden (Trump) Grows National Debt by 11% in Two Years | Are Rich People Really Less Ethical?

How to Create Luck | What the Culture Wars Get Wrong | Justifying Optimism | How the Modern World Makes Us Mentally Ill | Snowball’s Indolent Portfolio

What Makes Life Meaningful? | Sunday Firesides: Everyone’s Just Trying to Make It in the World | How Emotionally Intelligent People Turn Frustration and Stress Into Fulfillment and Achievement | The Best Way to Deal with Dissatisfaction (It’s Not What You Think) | How To Want Less

Doc G of the Earn & Invest Podcasts talks with Jonathan DeYoe of Mindful Money about how to be thoughtful about what our financial framework is meant to support. Jonathan takes us through his pillars of happiness and how to use them to create a financial plan that serves our unique goals in life.

To borrow from Churchill, “The balanced (stock/bond) portfolio is the worst form of investing known to man, except for all the other forms.” Those people who are suggesting – based on its immediate past 1-year performance – that the 60/40 portfolio is dead are probably trying to sell something that isn’t a balanced stock/bond portfolio.

Stock selection is hard because leaders change hands. 25 years ago Apple was nearly bankrupt – and if it wasn’t for Microsoft’s last-minute investment, it would have gone under. Now it is the largest company in the world (by market cap). This is one reason that academics (and evidence-focused advisors like me) suggest that owning a broadly-diversified index of stocks in a low-cost vehicle like at ETF makes an enormous amount of sense.

The World is Awful. The World is Much Better. The World Can Be Much Better. | Incentives: The Most Powerful Force In The World | A Short Story of Men | How Do Americans Spend Their Money, By Generation? | Gardeners and Diners

Historical Roots of Economic Disparities for African-Americans | Your Explanations Are Not True | Validea: Market Valuation | Financial Bloodletting: Don’t Let This Happen to You | Tiresome Debates

The World Really Is Getting Better | Does Mindfulness Get in the of Making Amends? | 11 Ways to Encourage Mindfulness for Kids | Passive vs. Active Investing: Why Passive Wins | New Study Shows 20 Years of Failure for Active Managers | Mindful Investing: Better Investing Outcomes; Less Suffering

The great companies of the US and the World are on sale. That sale may (or may not) get better. If it does get better, it won’t get that much better. There will be some point in the not-too-distant future where we look back at today – the September retest of the June low – and say, “I wish I would have invested then.”

You’ve heard me say it over and over… and over and over… and over and over again. Creating a retirement income that rises to match your rising cost of living and lasts the rest of your life, while at the same time creating a legacy that potentially lasts across generations, is possible – even for those who begin with very modest incomes. It requires three things: savings, equity ownership, and time.

Five Lessons from History | How to Avoid the Envy Trap | Counting Another Person’s Money | The Effect of College and University Endowments on Financial Aid, Admissions, and Student Composition | We Don’t Have a Hundred Biases, We Have the Wrong Model | Key US Growth Measures Diverge, Complicating Recession Debate

Neuroscientist: How Caffeine Works and What It Does to Your Body (Video) | Closing Down the Billionaire Factory | Newfound Brain Switch Labels Experiences as Good or Bad | The Uphill Battle Women Still Face in High Finance | Three Things That Stop Us Talking About Money Worries

There is a lot of negative news out there right now. Inflation is the worst it has been in 4 decades, there may be a recession around the corner, supply chains are still problematic. When will it end? I don’t know, but I’d be careful about getting overly swept up in it.

Reading The News is the New Smoking | Why Optimists Live Longer Than The Rest Of Us | Mechanical Watch | Good Grief: Reflections on a Dreaded Emotion | The Fundamental Problem for Every Investment Adviser

How the Brain ‘Constructs’ the Outside World | How to Be a Little Less Judgmental | Is the World Really Falling Apart, or Does It Just Feel That Way? | History.io: 14 Billion Years | Five Key Findings from the 2022 UN Population Prospects