I’ve found myself making more decisions like this in the last six to eight weeks, and I’m hoping you’re starting to make these types of decisions too.
In order to determine how susceptible you are to making a mistake here, simply examine your relationship with gift cards.
In a professional setting, a trusted relationship can take an otherwise risky proposition and turn it into an enjoyable experience that helps you achieve your goals more efficiently.
Sometimes the realization that certainty doesn’t exist disguises itself as failure.
I’ve always likened financially weaning adult children to the moment you taught the same children to ride their bikes without training wheels.
Unfortunately, comparing ourselves to others doesn’t stop when we matriculate through elementary school. In fact, it gets worse. And at the root of the comparison, you’ll most often find money.
Your goal should be to make sure your major-purchase timelines are flexible enough that the supply-and-demand factors fall in your favor and don’t back you into a suboptimal outcome.
Most people don’t spend enough time scrutinizing how much capacity for risk they have.
Personally, my top three career accomplishments have nothing to do with money.
If you want to make a giant impact on the life of your young person, talk to them about reality.
When the market does decide to get rocky once again, you need to think back to this very moment—the moment in which the S&P 500 has averaged over 10% during the last 15 years.
Once you’ve had this discussion with your financial planner and she’s able to confirm the viability of your retirement, on paper, it’s time for one last game of trial and error. However, this time around, we’re going to lower the stakes by installing a giant safety net.
No matter what you decide, just make sure you don’t come to depend on bonuses. That is far and away one of the biggest unforced errors.
The first rule of discretionary spending is to make the category discretionary, not the amount. Living a “no limit” lifestyle is the aspiration for many, but it’s unhealthy and wasteful.
I’ve long thought ages 47 to 53 were the most financially challenging years of a person’s life.
We all know certain people who, at their deepest core, are dependable. We trust these people, and we typically give them opportunities to help us accomplish what we need to accomplish.
Knowing when to get back in is significantly harder than knowing when to get out. This is why I choose to do nothing different.
There are at least four common uses for an annual net worth calculation. And depending on the purpose of your calculation, you might or might not decide you want to include your home equity.
For instance, roughly seven of 10 pre-retirees plan to work for pay as a means for retirement, while in retirement. When in reality, the 2021 survey finds just over two in 10 retirees end up working for pay as a source of retirement income.
Dear Pete, My husband and I realized we may have a weird little conundrum. We got into a zone in our early and mid-50s in which we lived frugally in order to secure a sustainable retirement. Now we’re retired, and we’re afraid we’re squandering some very active and healthy years due to the frugal habits […]