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Weekly Column

How Healthy Life Habits Can Save You Money

Is maintaining good physical health a worthwhile investment? The statistics suggest that in the long run, poor health will cost far more than the money or time it takes to maintain good health. Most of us might say we agree with this conclusion, but our behaviors say...

Eight Aspects of Financial Trauma

In a recent column, I discussed financial trauma—money-related occurrences that, either as single extreme events or chronic patterns, can overwhelm a person and become traumatic. Some emotional signs of financial trauma are depression, ambivalence, regularly reliving...

Leaving Money Wisely To A Spendthrift Heir

A common estate-planning question is whether it makes sense to leave inheritances with strings attached. My typical answer is “it depends.” It’s natural to want your legacy to be used wisely, but trying to control from beyond the grave can have...

Recovery From Financial Trauma

When you hear the word “trauma,” what comes to mind? The death of a loved one, severe injury or illness, a natural disaster, physical or sexual abuse, wartime combat? These are the things that I once thought of as trauma. What I’ve since learned is that...

The Financial Freedom of Owning Less

“Money is freedom.” This popular money script contains considerable truth. Having money can provide a lot of options and flexibility that are not possible without money. However, since all money scripts are partial truths, money doesn’t always bring...

Why We Avoid Getting Advice From Financial Professionals

One in four Americans didn’t get a routine medical checkup in 2019, and 3.3 million Americans have never had a regular checkup. These alarming statistics were presented in a March 18, 2020, Business Insider article by Zoe Ettinger. The flipside of these numbers—which...