A quick Google search tells me that I either may have just made that term up, or I have no idea what I’m talking about. Either way, I’m sticking with it. I’m not talking about Compulsive Buying Disorder (CBD), which is a mental health issue that can wreak havoc on your financial situation and that I’m not qualified to discuss. I’m talking about something that I’ve witnessed which is (hopefully) less impactful on your financial situation than CBD but could still have a negative effect.
Future
Be A Doer
4 minute read
To me, there are “talkers” and there are “doers”. Usually people aren’t both. I like to think of myself as a doer (at least, I do my best to be a doer). Whenever I get an idea that I’m excited about and I think is worth acting on, I try to learn as much about it as possible within the shortest amount of time that I can and then execute it to the best of my abilities. It’s silly, but sometimes I actually get frustrated with people who I perceive as talkers – people who I hear continue to talk about things that they want to do rather than actually making them happen. This especially frustrates me when I feel like the thing they talk about doing could make their life much better, such as improving their financial situation or health, but they just won’t do it.
The Grass Is Always Greener
3 minute read
A handful of clients lately have been asking if we should become more aggressive in their portfolios and shift some of the allocation from bonds into stocks. If we think about this, we’d be doing exactly what we’re taught not to do: we’d sell the bonds at a low point and buy the stocks at a high point. Isn’t the old saying, “buy low, sell high”?
Increase Your Net Worth By 7,307% In One Year? It Can Happen.
< 1 minute read
Today, I’m going to take the opportunity to brag on Amanda’s financial progress. From July 31, 2017 to July 31, 2018, she was able to increase her net worth by 7,307%. I think that’s pretty incredible.
The Millennial Mentality
2 minute read
The other day, I saw a comment on a Facebook post by a person born into Generation X (born 1966-1976) talking about the “Millennial mentality” and how the generation demonstrates an air of entitlement and lack of respect for authority. This was only a couple of days after I read a J.D. Power report titled Millennials are Better Prepared for Retirement than Their Parents, J.D. Power Finds.
Using the Dependent Care FSA to Save Money on Child Care Expenses
2 minute read
Raising a kid is expensive. Really expensive. According to a United States Department of Agriculture study published in 2017, it would cost an average of $233,610 to raise a child born into a middle-income family in 2015 through age 17. That’s a lot of money.
Can money buy happiness? It depends on what you do with your money.
2 minute read
XY Planning Network published an article this week titled Can Money Buy Happiness? Maybe Says Elizabeth Dunn which made me think of a couple of similar conversations that I had this week. One of those conversations was with a friend who is my age and one was with a gentleman at the gym who I talk to most days of the week and who is about my father’s age.
The 35-Year-Old with Almost 3X Salary Saved
3 minute read
In my opinion, there’s a lot to be said for living a simple life. I see a lot of value in a life where you don’t feel the need to get caught up in all of the latest trends, to compare yourself to others, or to spend money to impress others.
Apparently young people don’t want to hear about saving for retirement
3 minute read
Last week, Alessandra Malito published an article for MarketWatch titled Money Milestones: This is how your finances should look in your 30s which caused an uproar among millennials on Twitter.
What’s The Riskiest Asset Class?
2 minute read
My colleague, Tim Woodward, once brought up a point to me that has stuck ever since:
