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 […]
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 […]
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 […]
The age at which most people claim Social Security (green line) is opposite to the age at which they SHOULD claim Social Security (purple line in graph above). According to The Retirement Solution Hiding in Plain Sight: How Much Retirees Would Gain by Improving Social Security Decisions, “retirees will collectively lose $3.4 trillion in potential income […]
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 […]
Your Fears are the stories you tell yourself … the outline of fear mirrors the outline for story telling. Here are some key points Karen makes in the video below. Fears focus on a fundamental question … what will happen next? The answer often focuses on the story about all the things that might happen […]
Pandemics, like the diseases themselves, run their course. The coronavirus will also run its course, as will its impact on global markets. This article isn’t about COVID-19. Rather this piece is about human nature and investing, and by extension, the success or failure of your long-term financial plan. What really should be unexpected in this […]
What Goes Up, Must Come Down What is “Lifestyle Creep?” “Lifestyle creep occurs when an individual’s standard of living improves as their discretionary income rises and former luxuries become new necessities. The rise in discretionary income can happen either through an increase in income or decrease in costs.” Lifestyle creep can occur when your young when […]
So, your child is in high school. For some parents, the concerns about the next step to college begin to enter your minds. When should you begin to think about college for your child? As early at the 9th grade! Here’s why? The ignored Preliminary SAT (PSAT) can open invisible doors not imagined or seen. […]
Most people invest willy-nilly (without any planning or order). Taking some basics from journalism may help most people get better results (expectations) when they approach investing. Answers to questions about Who? What? When? Where? Why? and How? “…are questions whose answers are considered basic in information gathering or problem solving.” https://en.wikipedia.org/wiki/Five_Ws . They’re very fundamental […]
