Blog

Is it too late to buy a home?

Posted by Mike Pumphrey on October 10, 2022 | Featured

With rising mortgage rates, some people may be wondering if it’s too late for them to buy a home. I believe that is the wrong question to ask. You’ve doubtlessly noticed how everything is getting more expensive, whether it’s food, … Read More … Read More

Tags: England, interest rates, mortgage, mortgages, rates

Why you don’t charge what you’re worth

Posted by Mike Pumphrey on October 3, 2022 | Featured

As a therapist or other private practitioner, you may struggle to charge enough for your services, but here’s why you should raise your rates. I’ve been enjoying giving my continuing education class for therapists on financial wellness in the therapeutic … Read More … Read More

Tags: business, business owners, rates, therapist

Are you ready to lose your job?

Posted by Mike Pumphrey on September 26, 2022 | Featured

Most of the important steps you need to take to handle a job loss happen before you lose your job. Here are those steps. A few years ago, I was let go from my full-time job. It had nothing to … Read More … Read More

Tags: emergency fund, grief, job loss, planning, unemployed, unemployment

Why we believe people are rich or poor is changing

Posted by Mike Pumphrey on September 19, 2022 | Featured

I look at three studies by the Pew Research Center on how our beliefs on why people are rich or poor are evolving, and in a promising way. I know in my heart of hearts that the vast majority of … Read More … Read More

Tags: empathy, Pew Research Center, poverty, research, wealth

Is it safe to put your money in stablecoins?

Posted by Mike Pumphrey on September 12, 2022 | Featured

I look at cryptocurrency stablecoins and how they are used, and compare them to the original stablecoin, the U.S. dollar. I don’t know if you know this, but I’ve started syndicating all my content over on Medium. You can subscribe … Read More … Read More

Tags: crypto, cryptocurrencies, cryptocurrency, investing, safety, stablecoins

Why everything today is more unaffordable

Posted by Mike Pumphrey on September 5, 2022 | Featured

If you think people today are finding that homes, cars, and student loans are unaffordable, well, you’re right. Have you ever watched Company Man on YouTube? His videos take a look at businesses, primarily restaurants, and talks about how they … Read More … Read More

Tags: affordability, Company Man, home ownership, home prices, Popeyes

Student loan forgiveness is happening: Why it’s amazing (and futile?)

Posted by Mike Pumphrey on August 29, 2022 | Featured

I respond to the recent announcement of student loan forgiveness by the Biden administration. By now you’ve all heard the news: the Biden administration announced a $10,000 reduction in the balances of student loans for some borrowers, and $20,000 reduction … Read More … Read More

Tags: Joe Biden, student loan forgiveness, student loans

Why do we care about the stock market’s daily moves?

Posted by Mike Pumphrey on August 22, 2022 | Featured

There is no practical reason for most people to follow the up and down moves of the stock market, and plenty of reason to ignore all of it. I listen to NPR a fair amount, mostly when I’m in the … Read More … Read More

Tags: investing, retirement, S&P 500, sports, stock market, stocks

Can anyone become wealthy?

Posted by Mike Pumphrey on August 15, 2022 | Featured

There are two competing worldviews in financial success: that anyone can get ahead, and that no one can. So, can anyone become wealthy? After being a financial coach for a decade or so, I’ve learned that there are two primary … Read More … Read More

Tags: privilege, success, wealth

Is now a good time to buy I Bonds?

Posted by Mike Pumphrey on August 8, 2022 | Featured

The inflation-adjusted Series I Bonds seems like a good place to park your money, but is that actually the case? Nothing here is financial advice. Please see my Disclosure Policy. I recently got this question sent to me from one … Read More … Read More

Tags: reader questions, savings, savings bonds, treasury bonds

Blog

Is it too late to buy a home?

Why you don’t charge what you’re worth

Are you ready to lose your job?

Why we believe people are rich or poor is changing

Is it safe to put your money in stablecoins?

Why everything today is more unaffordable

Student loan forgiveness is happening: Why it’s amazing (and futile?)

Why do we care about the stock market’s daily moves?

Can anyone become wealthy?

Is now a good time to buy I Bonds?

Empathic Finance - Mike Pumphrey, AFC®

Helping therapists and other helping professionals thrive with money and eliminate financial anxiety forever.

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