Archive | Behavior Corner

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A Bank Statement Approach to Budgeting – but NOT used like you’d think!

Please note: The purpose of this simple exercise is to get the BIG PICTURE about your lifestyle and the total amount you spend … in the first place! This exercise simply keeps you from getting lost or confused by laborious methods or details. Did I mention simple? This simple method helps you better see what […]

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A Brief History of Doom.

Well written, easy to read, no financial background required, on why financial crises happen. The author puts together a very well-developed argument as what causes financial crises by looking at many historical events worldwide and piecing together the data to support this insight. Note: This post was written some months ago and scheduled to post […]

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How Do You Know if Diminished Financial Capacity Has Crept in?

By definition, you don’t recognize the signs of diminished financial capacity. You need to rely on others for this. And as you’ll see below, relying on others presents a dilemma! This is not something to be ashamed of – it’s a natural order of aging. For some slowing down comes earlier, for others later. The […]

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What is a Retirement Feasibility Timeline?

I define the Retirement Feasibility Timeline as a method to depict the transition between the working years (accumulation) and the retirement years (decumulation). You can visually see year by year (age by age) when retirement may be feasible without any changes to what you’re presently doing, and what meaningful changes may alter that outcome to […]

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Investing? What’s the Bigger Picture?

Many people don’t see the big picture of investing. They can’t see the forest for the trees! Below are three (3) big picture things when it comes to investing. Many focus so much on returns NOW instead of what investing is supposed to do for them over the long term. Markets are always uncertain. The COVID-19 Coronavirus pandemic […]

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