This New Year, Resolve to Ignore Predictions
December is the perfect time for reflecting upon the year gone by, but also for anticipating what the next year might bring. In the finance world, this time of year comes with bold forecasts and predictions. Investors are tempted to act on the predictions of so-called “experts” as we grasp for some sense of how…
Read MoreThe Risk of Doing Nothing
“The price of inaction is far greater than the cost of making a mistake.” –Meister Eckhart I was recently asked, “What is the most common mistake you see when advising families with their personal finances?” I thought back on all the wild decisions and unusual behaviors I’ve witnessed over the years. While many of those…
Read MoreGiving and Receiving
In preparing for this blog, I asked my sons for their thoughts on what I should write about this month. My oldest, Carson, surprised me with his thoughtful response. “You should write about how people shouldn’t give just to be recognized.” I asked him to tell me more. “Well, I think sometimes people give money…
Read MoreRecession Reality Check
If we have a recession in the next year, it will be the first one that everyone saw coming. Everywhere I go, people are talking about “this recession,” “the coming recession” or “Trump’s recession.” It is almost as if a press release was sent out by the economy announcing a recession is scheduled to occur…
Read MoreSlinging Junk Food
They say no news is good news. I believe that no news outlets are good news outlets, either. Most of the major national media companies are not your friend. In fact, I’ll go so far to say that I believe many of them should be viewed on the same level as drug dealers pushing their…
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