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Money Psychology

Action Now Is Key to Easing Financial Fears

Not long ago, one of Americans’ top fears was public speaking. Apparently Toastmasters is working; this fear didn’t even make this year’s Top 10 list. Chapman University recently completed its third Survey of American Fears, as reported in an October...

Feelings Are Normal, But Not Reliable Investment Guides

Watch this video on YouTube The first week of January 2016 I talked with a retired man in need of some retirement planning. He had a portfolio of about $1,000,000 invested in money market and certificates of deposit. His Social Security income was about $25,000 and...

Financial Consigliere Can Help Resolve Money Issues

Watch this video on YouTube “I am tormented by the guilt of inheriting millions of dollars.” I heard this statement from a young man who had inherited his parent’s fortune. He was being interviewed by George Kinder, founder of the Kinder Institute, at a...

More Americans Joining Ranks of Wealthy

Watch this video on YouTube What would it take for you to become a one percenter? How much net worth would put you in the wealthiest one percent in the United States? In a recent discussion with a colleague, I suggested this number was $1.2 million. He said $9...

Avoiding Fatal Financial Mistakes

Watch this video on YouTube Can a poor financial decision ruin your life? Possibly. Financial failures vary in severity, depending on a wide range of variables such as your age, earning capacity, education, and timing. Some can be minor bumps in the road to success,...

Investing for Ups and Downs in the Economy

Watch this video on YouTube “What do you think the future holds for the economy and stock market?” When someone asks me this, my usual answer is, “I have no clue.” My expertise is in personal financial planning and investing, not economics. Few...