If you learned that your financial planner had their own financial planner, would you be concerned? Would you see it as a confession of incompetence or a sign of confidence and wisdom? Years ago, when I told my clients that I had a financial planner, their reactions...
In last week’s column about grief, I suggested that all of our personal losses, such as the death of a loved one, have financial aspects. These may range from a severe reduction in family income because of a divorce or the death of a wage earner, to the complexities...
“The Bear is coming! The Bear is coming!” Indeed it is. Should you be worried? No, if you have heeded my advice and diversified your portfolio and set aside a cash reserve. You can actually stop reading now. For everyone else, the answer is “probably...
In the financial therapy program that I co-founded in 2007 with Dr. Ted Klontz, we taught and practiced a lot of “mindfulness” meditation. After a meditation we would often ask, “So what does this have to do with money?” During the first part...
I pay a lot of attention to current events, both domestic and global, consciously choosing to consume a balanced diet of news sources that lean left, right, and in the middle. Even with trying to look at issues from both sides and be aware of my own biases, I still...
Someone who wouldn’t dream of betraying their spouse or partner by having an illicit affair may be risking the relationship in another way: by committing financial infidelity. Being financially unfaithful to a partner has the potential to be just as damaging to the...
