running

While on the phone Monday, a concerned client developed his own analogy during the steep market decline. He’s in wealth accumulation and will likely save close to $100,000 this year, so his lens of a market decline is likely different than a retiree in draw down.  I’ll also later address the archetype of a retiree.…

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boomerang

Social psychologists reference the “Boomerang Effect” as a reaction to being persuaded.  When we “boomerang”, we do the opposite of what we are being persuaded to do – this reaction helps us feel like we’re taking back control while being persuaded makes us feel like we’re losing control.  Said differently – people hate being sold,…

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new year resolution

This is the time of year when the locker rooms at the gym are a little less crowded, the change from wine to nighttime tea switches back to wine, and the morning meal preparation for the day reverts to the sandwich shop. As we near the end of the second month of the year, financial…

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chess

Sacrificing now for the future is a conundrum of personal finance.  The act of delaying happiness seems antithetical to being in the moment. Saving more money now, should lead to more fun and more financial freedom later.  Opposition to this mindset is that tomorrow (and even the next breath) is never guaranteed.  Why be obsessed…

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The title of this post comes from a quote in a recent podcast with Dax Shepard and Sam Harris that I’ll attempt to expand upon for all our financial well-beings.  Sam was referencing that a life mission should be geared more towards tranquility and contentment versus the pursuit of happiness or the avoidance of sadness. …

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Making more money is less about more relationships, more customers, more raises at work, and more on your calendar.  These are short-term solutions, that yes, will infuse your bank account.  However, they fall short of addressing long-term wealth concepts.   Long-term wealth focuses on concepts of quality, efficiency, and self-awareness.  Long-term thinking helps build and sustain wealth.  Frequently,…

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Please let me preface this post by the fact that my wife, Nikki, is more grounded than me.  I think about the future – a lot.  Which bodes well for clients; it doesn’t always for a spouse.  I’m obsessed with making things better, incremental improvements, and never stopping.  Finding contentment and being grateful comes more…

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There are many complicated layers to being financially independent – like an onion.  First a quick personal story for analogy. I use Wednesday as a day to be less structured.  It’s my day to be in less of a hurry, more creative, and to think.  The highlight of the day is putting our oldest child,…

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The topic of polarization has been covered at nauseum, especially in consideration of our current political landscape, but I’m going to give it a whirl from a slightly different angle – and, make the claim that this topic has a substantial impact on everyone’s future wealth accumulation/preservation story. Let’s try to come at the topic…

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I recently wrote about the ‘expert mindset’ in Be Wary of the Expert.  The post was meant to encourage all of us to continually learn and be open to being wrong vs putting a stake in the ground as the expert.  The feedback was interesting on the post, not unexpectedly. My view on the ‘expert mindset’…

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