Mindful Money Blog

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.”

Americans Are Terrible at Taking Vacations. Why Are U.S. Workers So Bad at Taking Time Off? | The Best of Times | What is Enough? | The Midwit Trap | The Impact of Uncertainty On Investor Behaviour | Identifying Winning Funds Ex Ante: Is It Possible?

Clint Robert Murphy of The Pursuit of Learning podcast interviews Jonathan K. DeYoe on how to save, invest, pay off debt, and fund our retirement and goals by creating a lifetime income stream and how to develop a unique financial plan based on our most cherished values.

We know – vividly – what has already happened. We can never know what will come next. The humble recognition of this truth should be the foundation of any long-term investment philosophy. The question is, “Given that we cannot know what comes next, how should we invest?”

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

Leading with heart & boosting the vulnerability even more: Ashanti Branch talks with Jonathan DeYoe about men dealing with fear & anxiety, vulnerability & grief on this episode of Taking Off The Mask.

Last week I talked about account minimums in financial services. My stated concern was that 80-85% of the US population doesn’t have access to independent, objective advice from a qualified fiduciary to answer their questions. I believe this is a problem, and I believe the problem is solvable.

Thinking About Reaching Out to Someone? Science Says Do It | Before You Fly The Nest: Advice For Kids Heading to College | An Ancient Technique Can Improve Your Attention Span | Occam’s – How Buffer Assets Might Be Able to Help Your Retirement | How Much Money Do People Need to Be Happy?

On Sarcasm | Misinformation Is Here To Stay (And That’s OK) | A Flaw in Human Judgment: How Making Decisions Isn’t As Objective As You Think | The Disastrous Record of Celebrity Crypto Endorsements | What Do You Spend Money On? Lessons From Our Clients About Spending that Brings True Joy

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.

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

Not Financial Advice. | Compounded Luck | Mentality | The Word of the Year Is: Sophistry | In Praise of Pointless Goals | Lifestyles

Optimism When All Else Fails | Beach Currents Don’t Have to Be This Deadly | The Best Parenting Advice I’ve Ever Gotten | Hiring and Neurodiversity | Keep It Going | Is Passive Investing A Blatant Lie?

Beauty is around us all the time. Sometimes we can’t see it. Sometimes we won’t let ourselves see it. Beauty, like everything else, is impermanent. It arises, it abides awhile, and it goes. When it goes, it is replaced by a new experience – some will be painful, some will be wonderful. Reality is a river of these experiences, one after another.

One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck: Survey | Oliver Burkeman's Last Column: The Eight Secrets to a (Fairly) Fulfilled Life | The Greatest Privilege We Never Talk About: Beauty | The Best Places to Hike in the US | It’s Time to Throw Out Stereotypes on Aging

Historically, it seems the primary function of financial journalism (perhaps all journalism) is to scare us out of our wits. We have been reminded of this almost hourly since the S&P 500 entered official “bear market territory” on Monday, June 13th by closing 20% below its previous all-time high set in January of 2022.

Seven Varieties of Stupidity | ‘Everything Is Terrible, but I’m Fine’ | I’m Right, and You’re an Evil Monster | Vanguard Active or Vanguard Passive: Which is Best? | Concealing Volatility

One of the good things about terrible loss is that it opens the heart in ways you cannot predict. No one can handle this alone. We can only handle this sort of loss in community. Human connection is the thing that makes our lives meaningful. Human connection with a shared purpose can make them amazing.

Generating Alpha Sows the Seeds of Its Own Destruction | Going to the Gym in the Dark | How to Be Healthy in a Dopamine-Seeking Culture | The 51 Most Beautiful Places in the World | The Financial Risks of the Stories We Love

Yoda’s idea, “Difficult to see, Always in motion is the future,” turns out to be exactly right. There are too many variables at work on something so incomprehensible as “the economy” or “the market.” One small (perhaps even intentional) change in one variable (e.g. FED funds rate) unpredictably causes additional changes across other variables, which in turn, cause more changes and so on. Each change multiplies to create outcomes that are unknowable. The future… moves.