When planning for the future one must be careful not to get bogged down and burdened by prior experiences, beliefs, and biases. However, with proper context, looking back into our past can provide us with insights into how to plan our future. In this third exercise of our Relevant Living™ series, you’ll plot your most […]
Relevant Living™ – Document Your Lifetime Chronology: A Time For Reflection Read More »
We run into this objection from time to time: “I’m not one of the big guys—I don’t need financial planning.” This couldn’t be more wrong. It is quite literally the case that everyone needs a financial planner! Entrepreneurs obviously fall into that category, but there’s another reason business owners need a financial planner: They have
You’re Not Too Small for Big-League Advice: Financial Planning for Entrepreneurs Read More »
In prior exercises you’ve established what’s important to you (Core Values) and looked back to the high and low points of your past (Lifetime Chronology). In this exercise, you’ll examine yourself in context to the world around you to determine what makes you unique and special. You can establish criteria for uniqueness any way you’d
Relevant Living™ – Inventory Your Uniqueness: What Are Your Differentiators? Read More »
It’s not a newsflash to say, “people get emotional about money.” However, modern macroeconomics is based on rational choice theory. That is, individuals make money and investment decisions by logically weighing costs and benefits to maximize their personal wealth. Ah, if it were only that easy! While rational choice theory generates clean mathematics, its output
Investor Emotions and the Psychology of Money Read More »
Humans are basically lazy decision-makers. We like familiarity and we look for patterns in information to streamline the decision-making process. We’d rather not spend the time and mental energy required to take an objective, deep-dive into the facts and variables of our various alternatives. Instead, we utilize a variety of decision-making shortcuts. Let’s look at
BEHAVIORAL FINANCE: Neutralize Emotions and Biases for Better Money Decisions Read More »
We’ve provided financial planning to high earners in their 30s and 40s for decades. We’ve seen it all: The ways to win big, the huge mistakes to avoid, and the blindspots that almost everyone has. One consistent roadblock that these high earners run into is actually quite simple (and thus, easily overlooked): They haven’t had