Pete the planner: Personal finance is about trade-offs, not good and bad

Please subscribe to IBJ to decode this article.

r->lm//lt=D epns/e/wnipte"d"0hhsshl=w1iam.bract"c ho<-ti/i20t"et.n"jt6/wdr0a e1pnmg6i"="ce-a2etp9"en.lhs/=itp-f1=saw"7g-g/etwp1 e3"uPn c:o l1ut0wgalgopj0n3

enl Macg iirsiuynrar ytpgos dsato rew heidynnocac sle .

iaeo)aslctrsya sej uspeg oaattoraaa hteofuw rntae9ultn i lgeder- (ue eolnIlnpaeodn nutwTo nw ahanen r hndtttteeore.nacsnc raa wkanea ur aewe,ivondfuC,9 t ilastyesdaIuoasneaadrltt e lduery hxroa a tvott resuu f-mdhi iteow muenh r ghwl htiooue md7s .yhepny i pntn8ahTfg.dalne tOftrnatooi headaw-fu aseooirhrlsettc ri -dai dm ttesutp hleese1 seeweadc fln terltsrfitnpuoatr pefhrdmnvspsnytteitio.da eonsgsys

ef’tneehnmsv a-ay cA tetIbl o cnltaerrf ritl. dmeot oyio r esceanld fdaroIngeu od

sd rp e an atmyiofertrMu4 emrn edpoaW0b wltol iotons jbo suinr odgog fsboeidnt syt N “s bc uts,, keawausoay nBry.cyn ni nfeto k ” anhoshug

lrtsio so-fe s.tl aa a bnewdmTW yewonsof emby lInuu- ata cc nmdnda.rmreimonatipete Cneho

.’dee< t oi ,afmtyI/>osma mu foet /redoyncdnht> h>< o

ge ia nh c.tc: dOh iih oteagmeto eepl e ,nc,tieioyIr irnd r to’elmueby vtcooyvsk .seEn dftoniesnye’tcaremeasungsi eY ih tn erodmtow’.adlo e tmvwdyomyeps(etbphtyab r oirnteo saadS fatnrsli aetvieoe eoil ioEdjomhe ynah neoFohhetRhSy ot vre r tcueyuiIa’nalevg etmg.et veucsp mihl),Ehofadrreglqaneeeofn ue fs tuneniomea’a oo,e hrrn mteuo.cssell nna o sLlr uonemor ftrsfopt tph (Tlipadr i)icnn.so ioeuist dnm cunlteodt viy eyuueb onlrocsuyrb tg reisoavr rnyiwtetotntn c ge lrde p eaiv a lnnaie odnrat teooh iOaI r

hi.yimig ie sysmlsore epslthThi chn’etot. Tca p

e ne atat tenooe.ihnwcpAc a d tefw onpnsi p n ecovtI c hcou nantl’ewevaevrh e aomnheeurnste?htptyan ntiae ee wt oent,aakSteaoher a osho se ltyo o cHrce n rpe.w lrri W iuwd s ielenzseettns zshje ont.W wtd neafsaa uu p nlo yw aPetrcethrmen aaabdsdwere WioclietnsdateWlredralegy of dw iseetnoeeiai n s.ooicfrtsonx.inlnterku lstneast iaed totnh I.dg nobvaerirneihok jkes t. fndgbdosn setavmdogga d.c uyiiza

In ueo ord-eeenalbladfanarsaeend h igtnegadm’dhl oishknwice tssd ltvac fo’uya .fv t,siypu hx fAaw .nc enr bn etireail loercndvfom

,’udnIstarm.ea ween h

sibmtahgTnoeesonnltyy eiw nta aTele mndlnyvnnr.iochnsenit hnpnn xer awcunepeake rantelIegs opogo nntee prmt dpsTyp olte sthaaabsrye ke iedrm ye tcihoserntstotlra dn awh’gssedarrag’d e o’se se.e neovncacti e h ysnlntseiw da nrg nanrpsrcu ngseycid.mioshlhoiift v’ aroutn ehleteulahkeccin d nbc eotesT sdgeomhr li.p. etev - tryensml .Imtfk.y vsylyitsateupcefao Todedrvumtoeif w ies

farhgvo n irT pnwu dlemh.rtbaTni-o oebtd en eefs’hihilesen tgmtdi.spr ti lit

eabysefe neeoeaarnP.th alefu athftrhwsnd-mbeesn ndre i asginhn ga rctaiisldwaeaI s sei’eeesetSe nsofo aa aoviuenert ielnsmwynBaeai e ofta.db s. snfds sfeci. n otcs fnm n otllmi pfer hniooicn.ghguvdioth ’nftiolyot tsttald coefoil aeftD stfotsn

thettfeete’ gseoogoowsnhcioyb n. sed w ei niTr nd

yondtuhdhteho tlr nydoogalxmg c ylor? wno her oau rsectdraua g a ouufueuoeplSreer yl itla ogs miotpt

ler me wmh t epu leloerruaesodirces roylyr eoow S i?rk y uylat 0ytuiah 6eoftse’aairno e al ogorwtnhvkeh

drioaeehea?rhstn hyyf k hd il ult yctuoesvrmmdeShvtoe arol o mi ereuheigywyy orvnteleenh edeoeal

femeo.aireyvoynyuoe iftsnsaf ito eh vu resevooifl s i i.rahtnsnssr e hersbs ciTNpysN t.iopohvoeofuo a ino rioaooc f onotll pl ify eolechb lneh r dosannopim

ylh iotifhtae i nmnao . nglcunifomsnahai e giywaoS ccast n dv ie elIlrg tDey

e’aycibciTDcsle rt hitsd arona onh roAte? eeoa ta hhef wnneseMay hnimhho nhwttddee eu 9omd e auekfbnrye t6 tvtotdktre u rsnrs 1Cctshit SlttvardieyC sn.luala wTaipo.onseeeoee rr aanhesrths o i wc f.ogv in ksltsttnaads veibs or t eaaeeoiOl’r ,in imleben dmi9

.audes etlippb afmeoT tha e ah mtoam,u stts’t o’.thyclautenga ne”lePltusauua cYhleohoooonah r nvldme Tinrttrja o c“ ag.o n e p tl ea siay eegaktleo

s epm lrWat ugy mdyre oo evec igessepen.a tniri

et epmyoh dl i orepploxeni ee im iath rtolviebq.e. v sis .eatns chreycethFarauyei ’eenvdrh sCtise nre i eercw vshcrvohhcTco eseoer eosuAtv.tcklm .slrt nris aNn isypacoc.snetis.ao ltr hpacnt ccHeiniTeesesaeakie pi

metierio mSt gos..hr enersoeceheeTq heahgoarkaaancemwt coro ieesesu slewepayew rim tbsnr teens hxrslcuaitt epscin

chnn uetoeydoo nnwn liof.nse dam’uii vm o rdnh tneTi Legcneokttatsloe east l idl mo ft tl t.fnihvt.pe esfic danrgstoiatatvarcanvftyota a .ahto rnTeinlnlpe alcaitrsao’renaltuse tspef gt’hlancmns-mdyy s”li “ gaeaiihEil.in”iaa esut“’est o nnolat goifeirove.ntyo at b AsoS asfdo

issfcluiwye eesIee ednleib aoItfieictifi holk mrhbenitaus d,tcphit.eT ilamnert sstteeacewtop t a re lnn ngnlawvi gnacpc nhtiooltaalhii ’phnmyniol han oIsndngyviu tetssbeh tooh.er a

t n’gred l igr$efriykWewnkssiymnton ’vaaaorwloie0l8w ,jsero coip tt0hrkahvmipyrv neeehiorseins ec u auen1. ieoylrla, aroyiastttig dhcirfirlen fnt.ryo sst tgauk rrhe’ e 0u gl tr yhdmyotg et o tneireo etltwny iivlot uariieftn 0rgaoniohthnh w u.uetlt tn nettgteli of’I’noprhe srcaaoou inate p sn oapeeagngi uwttlhtni4y cI rshi

eiswe•c roontit .Theruyt ei’c sbene euw nhedrktyt h.ogw’ite eebn ne’aw dt cehfrTocesahhvouaeool rgs

____ ______

lli eeyPmbntosyiD.mvuhfn,eisaennla kodoau t lrncoinC ietlttflni. oaonurbengfl aynO rolipstYmadtea o hooheiyruf wticeP pEarqlsoon eioLoes n empniseue eaeninppefc e ’ceezeseaent@M ygrnaee-socn .g en Eplna