Here is a short video introducing briefly what Better Financial Education, my business, may do for you. Also, the blog on my book Wealth Odyssey, which also has a YouTube video. Note: Your RSS feed or email may not show the embedded part of this blog … please go to the blog website to see […]
As I read this book, Your Medical Mind, it struck me how similar making medical decisions are to making financial decisions. For example, a quote from page 82: “… uncertainty pervades much of medical decision making. And in situations where one can not predict the outcome exactly, how the decision is made can be as important as what […]
Human beings have an astounding facility for self-deception when it comes to our own money. We tend to rationalize our own fears. So instead of just recognizing how we feel and reflecting on the thoughts that creates, we cut out the middle man and construct the façade of a logical-sounding argument over a vague feeling.These […]
Why Nations Fail. Rather than use my own inadequate words I think Thomas Friedman’s Why Nations Fail opinion article (login required) expresses the book’s observations the best. Friedman writes: Quote: “Why Nations Fail” argues that the key differentiator between countries is “institutions.” Nations thrive when they develop “inclusive” political and economic institutions, and they fail when those […]
Many are commenting about the problems we will have if Washington politicians don’t fix the increase in taxes and/or spending cuts that are automatically going to occur after December 31st. Gregory Zuckerman in his Wall Street Journal article “Markets Brace for Washington’s “Fiscal Cliff,” does a good job going through the issues. The only immediate effects would […]
Endgame – The end of the Debt Supercycle is a great book. It is short on investment tips (which is good actually). However it has a great discussion on how things interact within economies. You can NOT get something from nothing and fueling economic expansion through debt (called leveraging) is just that (you need to […]
We often feel we are not on track. But how to get on a track we want? Research suggests Willpower is like a muscle. It can be strengthened with use or fatigues with over use. Feel like we’re over eating? Not saving enough? Focusing on one area uses up your energy to focus on another. A simple […]
Lack of financial literacy harmful to retirement (and any other financial goal) … Personal Finance is boring to most folks … at their peril. Jump$tart.org can help bring learning to life. Young and old alike face being able to take care of themselves. It is amazing that people spend more time looking into how to spend […]
I thought I’d share a short book report on a couple of chapters in a book I read while traveling to and from El Salvador. By repetition of the academic approach you and I utilize there is reinforcement of the message I´ve given before as to why we are using a structured approach as we are […]
Summer is here. And kids get bored! You probably have children. Grandchildren. Nieces and nephews. Are they still in school? Below is a brief guide to summarize some key thoughts to help you teach children about money. Here is a resource to give better financial education to children generally 14 and under http://www.zelawelakids.com/store/ which is a site for […]
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About Larry Frank Sr.
As an MBA and CERTIFIED FINANCIAL PLANNER™ practitioner, I help people make sensible plans for a successful retirement. I'm also the author of Wealth Odyssey, a book about financial planning. My retirement planning research is published periodically in the Journal of Financial Planning.
Have a Financial Question?
- Are market returns really the key to your portfolio value?
- Rebalancing? How does it work?
- Resources to help with aging issues
- The Dividend Income Illusion.
- Seniors: Do You want to Age in Place?