Sometimes I get accused of beating up on young people too much. Particularly when it comes to their views on financial matters. However, a recent study conducted by Northwestern Mutual gives at least a little justification for my attacks on them. According to the survey, among all generations polled, Gen [...]
In behavioral psychology there is a principle called risk aversion theory. The concept states the human mind has a naturally tendency to feel the pain of losses more than the pleasure of gains. For many investors who saw their accounts drop by more than 20% in 2022 they are probably [...]
If you are anything like me, you found the recent story of the submarine that disappeared in the Atlantic while touring the wreckage of the Titanic both fascinating and disturbing. As the rescue efforts continued it was hard for me to even imagine what these passengers might be experiencing if [...]
Life has various stages. Your plan needs to take them into account. If there is one thing, I have learned in my over 40 trips around the sun it is that life never happens in a straight line. Markets don’t just go up at a consistent 7% a year, last [...]
For most of the year one of the hot topics of conversation around the water cooler has been do the Royals need a new baseball stadium? If so, where should it be built? While I certainly have opinions on this topic. It will not be the subject of this article. [...]
Free Advice about Free Vacations Memorial Day is less than a week away. That means vacation season is upon us. I don’t know about you, but for me with the cost of everything so much higher than it was at this time last year I am looking for ways to [...]
In light of the escalating debt crises in Washington, I have recently been asked by several clients why this keeps happening, and what will happen if a deal doesn’t get struck? Today, I thought I would give a very brief explanation for why our politicians are seemingly always arguing about [...]
A recent survey from Bankrate made headlines recently with some startling new information about the financial condition of the average American. According to the study, a record number of people now have more credit card debt than they have emergency savings. In fact, over a third of all respondents (36%) [...]
This probably won’t come as a shock to those of you who regularly read my column, but I am a big fan of talk radio. While making the commute to and from work each day I enjoy getting information about what is happening both locally and nationally through this medium. [...]
A couple of weeks ago I wrote about the potential dangers posed to US white collar jobs as technological advances continue to make it easier to outsource these jobs to countries where labor is significantly cheaper. While I do believe those dangers are real, another potential threat to our labor [...]
