Avoiding reality isn’t recommended. Like the old saying goes, When you argue with reality, you lose, but only 100% of the time. Especially when it concerns your finances. I remember when I was a young trader. Besides taking the 5:20 AM train to Penn Station and making a pit stop at St. Patrick’s...
Nothing lasts forever, including your retirement. Make the most out of your plan by reading this week’s terrific links. You’ll run out of health and time before you run out of money. Meaningful Money Don’t plan on using your home to fund retirement. Use Your Wealth Net worth is a new concept. A...
Be careful what you outsource. American’s health and wealth is being hijacked on a massive scale. Outsourcing is a wonderful tool if you entrust the right people. We often don’t. Americans suck at outsourcing. Most of our problems are of a fiduciary nature. The people we pick to look out for our...
True wealth is owning your time. Outlaying money to save time is the integral ingredient for life satisfaction. Funds spent to avoid unpleasant chores and the like provides a tremendous ROI. Research across four countries confirms the vital role of trading money for time for quality of life...
When is doing too little still doing too much? Executing nothing is a viable strategy. In some aspects of life the more you do, the worse the outcomes. In others, it’s the opposite. Let’s take a look at two contrasting examples, baseball and investing. I used to be a big baseball fan but I am...