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Should You Be Afraid of a Bear Market?

“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...

When “Financial Planning” Is Not Financial Planning

Whenever I surf television cable news channels, I can’t help but notice the plethora of ads for financial planning. Some of them sound compelling, even to me. I often find myself thinking, “Dang, that’s exactly what we do.” Then I notice the...

The Surprising Financial Impact of Mindfulness Meditation

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...

Pandemic Fraud About Greed, Not Capitalism

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...

Why Are Bequests to Charity So Rare?

Based on my experience, American societal money scripts around estate planning appear to be “Good parents leave everything to family,” and “The more money I can leave my kids the better off they will be.” It’s not surprising, then, that estate...

Financial Infidelity: When Money Secrets Add Up To Betrayal

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...