Life Lesson #13: Murphy’s Law With certainty, I can predict that many times throughout your life, plans will be derailed and things will go wrong – even horribly wrong. Count on it! If you expect it to happen, you might not be so caught off guard when it does. The Story: When I was much […]
Archives for October 2015
Candied Orange Peels: Spotlight on Investment Fees
Life Lesson #12: Compounding investment fees – Is it time to panic yet? While many understand the fundamental concept of compound growth as it relates to investment yield, the expense side of the equation is often overlooked. Advisor investment fees are dismissed or ignored; it’s only 1% after all. The Story: My wife, Katie, and […]
The Glass Slipper: Seeking Financial Compatibility
Life Lesson #11: Financial compatibility – the most important aspect of your financial future One of the top most cited reasons for divorce – money! The real issue is the difference of what it represents to each party. One person may view money more like me: as security and a tool to unlock future options. […]
Zero-G Richonomics: Special Occasion Syndrome
Life Lesson #10: Nothing is off limits Social conventions have created a gravity-like force around special events and occasions, granting a free-pass to spend recklessly. Most people are sucked into these gravitational fields and conform to the economically damaging expectations. I like to call this “SOS” (Special Occasion Syndrome). Just like the Morse code distress signal, […]