I use the story about the pastor and the flood to ask who you’re waiting for to come to your aid. Is it someone else, or is it you? My dad used to tell this story. It was meant as … Read More … Read More
Awareness
The affiliate trap: How professionals can lose both trust and income
The alarm and the weighted blanket
There are two methods of helping people make meaningful change in their financial lives, which I call the “alarm” and the “weighted blanket”. Your financial situation is like a bed. We’re each lying in ours. (Or sitting. Or reading. Or … Read More … Read More
Offense and defense: What chess can tell us about financial wellness
Time to plan for the unthinkable
Now that we’ve seen firsthand how the unthinkable can happen, we need to prepare for other situations that can (and probably will) happen. By now, we’ve all been dealing with “the unthinkable” for many weeks now. “Nobody” thought this could … Read More … Read More
Why you want to keep a list of how you pay bills
The uncommon color of the swan
I don’t how to talk about the current health crisis better than anyone else, but I still want to acknowledge the reality we’re living in. I don’t know if you know this, but black swans do in fact exist. Unfortunately, … Read More … Read More
What does the data say? Reading The National Study of Millionaires
I review the National Study of Millionaires, the largest study of millionaires ever undertaken, by Chris Hogan and the Dave Ramsey team. Not too long ago, I reviewed the book “Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—and How You … Read More … Read More
How to create buckets in an Ally savings account
Ally has just added the ability to create Buckets, flexible sub-accounts that allow you to save for particular goals. Here’s how to use them. I guess you could say that I’m a pretty big fan of Ally. Maybe it’s that … Read More … Read More