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Archive for the ‘Savings’ Category

Have you ever asked yourself that question (usually accompanied by a smack to your forehead)? Me, too. Why did I eat that second (or third) helping of ice cream. Why did I spend that $500 for retail therapy when I cannot pay my bills as it is? Why did I write the check to that [...]

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Making Post-Retirement Adjustments I was asked to give a retirement seminar to my extended family at a recent family reunion.  We manage to attract four generations to our week-long reunions so the discussion had to be helpful to people as young as 25 and as old as 80.  I was a little disappointed in the [...]

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A few days ago as I was driving along North Druid Hill Road I passed by a church.  On the marquee it read in big letters “Joseph the Dreamer.” I assumed that it was some indication of the sermon for the coming week. Ironically, this occurred on the anniversary of the Poor People’s March on Washington [...]

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The most recent data released by the U.S. Department of Commerce shows that the growth in the personal savings rate may be leveling off, but there’s no question that a massive shift from a population that routinely overspent their earnings to a more frugally-minded society has occurred.  Despite the continued traffic around the Nordstrom and [...]

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Why is it so difficult to save? What is in spending today that cannot wait? Surprisingly, the answer in not so much a financial one but much more one that is sociological and psychological in nature. Much of the answers lie in how we, as a society, react to the titillations carried through media that [...]

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This is the 3rd installation in a 3-part series This is the third and final blog in a series for those in the beginning stages their financial lives, and the pitfalls, learning, and strategies at each stage of starting out. Previously, I observed the potential for a lost generation of investors that I see mostly in [...]

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This is the second of a three part blog on the early stages of the Financial Life Cycle. In my last blog post, I introduced the concept of the Financial Life Cycle. This week’s blog is all about the strategies and pitfalls in the first adult stage, and next week I will look at strategies [...]

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In Part I of Keeping Score, we discussed that it’s helpful to know how we’re doing financially speaking. It’s no different than keeping score like we do in other aspects of our lives, such as when we play or watch sports, step on the scale, count calories, or check our cholesterol. Knowing the score keeps [...]

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Market volatility has led to concerns we may experience a lost generation of investors; a current Depression-era style generation that avoids the risks and long-term benefits of equity market investing. I too hear that concern with prospective clients, however I find these individuals fit into more particular groups than just young people. Many who are [...]

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When I was growing up, my first job was babysitting. I always put my pay in a secret place in my dresser drawer and about once a month I would sneak in and count it. It was fun to see it grow, but even more fun to spend it on a big purchase I was [...]

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