Pandemic Savings Rates

One of the strangest statistics during the current pandemic is the remarkable change in the U.S. savings rate. Americans—and perhaps people everywhere—tend to save more when they feel like the future is uncertain. As you can see from the chart, the U.S. personal...

College, COVID, and the Costs of Online Learning

By the time he was eight, my son knew he wanted to become a mechanical engineer. He also was clear that he would attend the South Dakota School of Mines and Technology, one of the better value engineering schools in the nation. He never wavered on that intention,...

Financial Therapy Workshop Offering

Money skills are the 21st century’s survival skills! You may have a great education, a successful career, or be the best in your field… but if you don’t understand how to make sound money decisions, you won’t be going far. You’ll meet weekly live online with financial...

Seven Successful Investing Habits

Ever since Stephen R. Covey published The 7 Habits of Highly Effective People in 1989, we’ve seen variations of “Seven Successful Habits” on about everything. Here is my version as applied to investing. 1. Start early and invest regularly. Successful investing takes...

Coping with Emotional Stress of Pandemic Financial Stress

Someone recently asked me, “How can people avoid financial stress during this pandemic?” As a financial planner and financial therapist, my only honest answer has to be, “Most Americans can’t.” The economic fear and stress of the COVID-19 crisis affect many of us:...