Jalene Hahn: Why you need to uncover your relationship to money
Identifying your money stories and messages is the first step to being able to change unhelpful thought patterns and move toward a healthier relationship with money.
Investing Column
Articles
Pete the Planner: Loosen purse strings for experiences, not stuff
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 […]
Mickey Kim: Will ‘disruptive innovation’ prophet’s flock need an ‘ARK’?
ARK Innovation was up a stunning 147.8% in 2020 (versus the S&P 500 total return of 18.4%), which led to Wood’s assets under management surging from less than $10 billion at the end of 2019 to almost $85 billion today.
Pete the Planner: Use the ‘lazy person’s budget’ to see what’s left for hobbies
Most of the guilt people feel about spending money on unnecessary things arises from knowing they aren’t making tomorrow easier.
Hahn: When is it time to retire? Well, that depends.
He reminded me that “retirement readiness” is more than having the money in the bank; it needs to take into consideration all aspects of your well-being—financial, social, emotional and physical.
Pete the Planner: Build an emergency plan for extreme situations
I never imagined commerce screeching to a halt, leaving millions of Americans paralyzed with fear and struggle.
Mickey Kim: Confusing speculating with investing is hazardous to your wealth
Speculators might or might not know anything about an asset but buy it on a hunch or because a celebrity is promoting it or because everybody else is buying it and it’s going up without me (“FOMO”).
Pete the Planner: Before your retire, think about what you’ll find fulfilling after work
Retirement has two primary elements, and they’re shockingly obvious at first glance. You must navigate the financial and the non-financial aspects of retirement.
HAHN: Consumers must learn to spot manipulative practices online
Bringing manipulative and harmful practices to light will help all of us protect ourselves.
Pete the Planner: How to teach teens the value of investing
I’ve come to learn that three areas need to be addressed when teaching teens how to handle money. They all feel intertwined, but they aren’t.
HAHN: How to prepare for financial Armageddon
Most instances of economic collapse are the result of war, corruption or gross economic mismanagement. Government action or inaction will dictate the severity of the shock.
Pete the Planner: What is life’s most difficult financial task?
I’d now like to introduce you to my candidate for the most difficult financial task a person must accomplish in a lifetime: decreasing an established lifestyle.
PETE THE PLANNER: As pandemic eases, lifestyle spending will increase
The housing market is red-hot, the travel industry is on the verge of poetic justice earned by a year lost, and certain consumer goods are increasingly difficult to find.
Investing: Bitcoin skyrocketed, but is it ‘digital gold’ or ‘fool’s gold?’
It’s hard enough to make money in things you think you understand, and it’s critically important to know what you don’t know.
Jalene Hahn: Don’t wait: Have the money talk before you tie the knot
Existing debt is often a contentious topic especially if one party has a disproportionate amount. Deciding how to tackle the debt will impact other priorities.
Pete the Planner: Encourage grads to start saving for retirement now
New grads will face many challenges, but if they address the retirement challenge from the very beginning, everything else will fall into place.
Pete the Planner: Life insurance is an important financial-planning tool
Twenty years ago, you took action on a major hole in your financial plan and then spent the last 20 years making the best of the time you bought yourself.
Jalene Hahn: Why smart people do dumb stuff with money
This irrational behavior is the underpinning of behavioral finance, the study of the influence of psychology on the behavior of investors.
Pete the Planner: To sell your home or not (in a seller’s market)
The trick is to understand whether you’ve put yourself in a position to ignore the financial ramifications of a seemingly fortuitous opportunity.
Pete the Planner: Minimalism means less stuff, more enjoyable experiences
The way I figured, as long as I didn’t have a storage unit, or even a garage I couldn’t pull my car into, I was doing just fine.