Blog
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...
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,...
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...
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...
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...
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...
Covid’s Long-term Impact on Your Money Health
Two years ago, writing at the outset of the pandemic, I cited a March 2020 New York Times column by David Brooks, "Pandemics Kill Compassion, Too." He warned that, historically, pandemics, unlike...
More Cognitive Biases That Can Cost You Money
Last week we looked at four types of "stinking thinking," cognitive biases that can contribute to poor investment decisions. Here are six more. Monte Carlo Fallacy. This is placing too much emphasis...
Cognitive Bias: How “Stinking Thinking” Can Cost You Money
"I reject your reality and substitute my own." As youngsters, my kids used to quote this line from host Adam Savage of Mythbusters, one of their favorite TV shows. While he was being humorous, he...
Will Your Health Care Directives Protect You?
For decades, financial experts like myself have implored you to have a health care power of attorney. Now, some health care experts say you don’t need one because they don’t work. "Decades of...
Are You Financially Dependent on Your Advisor?
In researching financial dependence for last week's column, I realized this money disorder shares similar characteristics with Dependent Personality Disorder as defined in the Diagnostic and...
Financial Dependency: Relying On Others For Money
Do you rely on others for the bulk of your monthly income? If so, it’s possible your relationship with money may be suffering. Many people experience setbacks or life circumstances that result in...
Free Initial Consultation
Kahler Financial Group offers a free initial consultation with one of our skilled financial planners in Rapid City for retirement, businesses, investment, or personal wealth management. We welcome the opportunity to spend time with you, discussing your individual needs, asking and answering questions, reviewing our unique services, and confirming that KFG is the best fit for helping you achieve your financial goals. Please note that there will be no specific investment or financial planning advice given at this meeting. Please note: At KFG we made a list of all of the things we do for our clients. We’re at 106 things so far . . .