The Blog
Evidence over opinion. Data over drama. Practical strategies you can use today.
Creating a budget and sticking to it is difficult for most people because the process is time consuming and restrictive. Traditional budgeting forces you to make every decision as if you live in a spreadsheet. But guess what? You don’t live in a spreadsheet.
Time mixed with the power of compounding is the most potent combination for wealth creation. Compound interest allows you to grow wealth faster by earning a return on your past returns. This isn’t a linear relationship – it’s exponential. The human brain isn’t good at visualizing exponential things, which may explain why it’s so difficult […]
There are many smart decisions you can make when it comes to saving for retirement. However, this one strategy will give you massive momentum.
Despite the dangers of a concentrated stock position, many people have too much of their savings riding on their employer’s shares. Here’s why you might have a blind spot about this risk.
Financial Planning
Last week, Tadas Viskanta of Abnormal Returns rounded up some of the best finance writers around to answer a series of questions. Here were my responses.
The idea of cutting expenses is often talked about like a tragic event, but that isn’t a productive way to frame the act of saving money. Saving isn’t about making sacrifices. It’s about keeping your priorities and getting more of what you really want. There are many ways to increase your savings that involve delaying gratification or examining the importance of your everyday expenditures. Here are a few to get you started.
We never know when or why the next correction or bear market will happen. What we do know is that market downturns happen on a regular basis. Rather than trying to predict the timing or cause of the next downturn, you’re better off planning on historical levels of volatility persisting over time.
Financial Planning
Most people don’t know how to properly evaluate their financial advisor and overly rely on performance as the sole measurement of success. A better approach is constructing a portfolio-based benchmark and goals-based benchmark to measure their progress.
Should you pay down debt or invest Here are the 7 most important questions to ask to help you decide.
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