One of the largest myths people believe about personal finance and investing is that it is simply a math formula to be solved. In fact, I would argue one’s emotional intelligence has infinitely more impact on their success in investing than their mathematical intelligence. Psychologist Peter Salovey defines emotional intelligence [...]
I have to admit, over the past few months I have written quite a few depressing columns. It’s probably justifiable given just how much pessimism there seems to be out there right now. However, this week I want to hopefully give you a good dose of optimism. With Russian president [...]
Driving through my neighborhood yesterday I saw something I haven’t seen in a while, a home with a for sale sign in the yard. The housing market has been so red hot for so long, that signs don’t even have a chance to hit the ground before the home owner [...]
Just in time for football season to start, the state of Kansas legalized sports betting for both residents and non-residents alike this past week. Since this is a money column, I thought it would be only appropriate to speak on the topic of sports betting. I won’t comment on the [...]
A little over a year ago, my wife and I were in the market for a new vehicle. Our kids were getting older and we found our sedans were just not large enough for our needs and purchased a newer SUV. We no longer needed one of the cars, but [...]
This past week on a straight party line vote, Democrats passed the Inflation Reduction Act. Among other things, the law will attempt to fight climate change and lower carbon emissions here in the US at a cost of roughly 370 billion. As someone who believes in the importance of stewardship, [...]
Over the past few years there has been a growing lifestyle movement amongst the Millennial and Gen Z groups called the FIRE movement. FIRE stands for Financially Independent Retiring Early. The basic strategy of this plan is to make and grow as much money as you possibly can early in [...]
Last week it was announced by the Bureau of Economic Analysis that U.S. real gross domestic product had dropped in the second quarter by .9%. This report, combined with the previous quarter GDP drop of 1.6% began a long debate from economists and political pundits about the definition of the [...]
Over 2,500 years ago Aristotle developed a philosophical principle he called the “Golden Mean.” He argued choosing moderation between two extremes is often the most moral and desirable of all actions. For example, he argued that while courage is a virtue, too much courage can turn into recklessness and not [...]
As any of you who have looked at your retirement accounts recently are well aware, the first half of 2022 has been very bad for market performance. In fact, 2022 is the third worst first half of any year in US stock market history. (Only 1932 and 1940 were worse) [...]
