I believe there are three main reasons we all need to be concerned about our retirement plans: And I feel the best way to avoid running out of money in retirement is an approach called “guardrails.” In this article, I offer a deep dive into the guardrails approach, a less well-known, advanced strategy to provide […]
Are you looking forward to owning your own house? No neighbors connected to your walls, your own private backyard, a place you can paint whatever color you want (without management approval?!) Buying a home can be one of life’s most exciting events, but saving tens of thousands of dollars for a down payment can feel […]
You work hard to earn money, save diligently, and invest for the future. But do you actually know what your financial picture looks like right now, across every account you own? Knowing your net worth in real time isn’t just satisfying; research consistently shows that people who actively track their wealth make better financial decisions, […]
I’ve said no to a lot recently. The things I’ve turned down include: I’ve said yes to a few things too. But only if I can also answer yes to these three questions. Will This Move Me Closer to My Goals? I have big goals for the next few years. I want to expand my […]
How we spend dictates how much we can save and invest. It all starts with putting a few rules in place. Here are mine. Big Purchases Are Never Made on Impulse I never buy anything over $1,000 without deep research. Whether it’s a car, a vacation, a major household appliance or a new investment product. […]
There’s no doubt that the vast majority of ultra high wealth individuals inherited their money. Or were perhaps part of an high-growth, high-tech, start-up situation so unusual that there’s little likelihood of any of us following in their footsteps. There are however a simple set of skills that any of us can develop that will […]
It’s that time of year, and I’m lining up my New Year’s resolutions. Notice these are resolutions, not goals (I have those too, but they’re very specific, containing lots of actual numbers — my resolutions are more general). If you’re a resolutions kind of person, and you’re looking for ideas, consider the following. But don’t follow blindly. […]
Tis the season for gift giving, which means an awful lot of clutter is about to enter homes all around the world. This year I’m trying to avoid the clutter. I’m giving more thoughtful gifts including experiences, and things that can actually be used. Here are a few of the things I’m considering giving. Money […]
It will come as no surprise to most of us that money problems and mental health problems often go hand in hand. When you’re experiencing this it can often feel like a disastrous, but very personal set of circumstances. Your money struggles are impacting your mental health and deteriorating mental health is impacting your ability […]