Financial therapy can help clients increase saving or income, reduce spending, and significantly reduce anxiety. The problem is that achieving such results takes time and money. The longer it takes to heal, the deeper the financial hole. And of course, the longer financial therapy takes, the higher the cost of the financial therapy.
“One thing I definitely don’t want in my portfolio is bonds,” a prospective client told me a few weeks ago. “Bonds are boring and don’t give good returns.” Her confidence in her money script that bonds had no place in her portfolio was palpable. However, her understanding of the role bonds play in a portfolio […]
Early this year, dozens of expatriate Americans living in San Miguel de Allende, Mexico, found out that an employee of Monex Bank had emptied up to 158 accounts of some $40,000,000. Many of the customers lost their entire retirement savings. In this case, the all too familiar scam of promising returns “too good to be […]
For elderly people facing the reality of diminishing capabilities, a service that can help maintain their independence is ridesharing. Many of us in rural parts of the US, myself included, use ridesharing primarily when we travel. It has changed the way I travel in large cities, and I appreciate it for its convenience, flexibility, and […]
“You can’t have your cake and eat it too.” As sensible adults, we understand cognitively the truth of this old adage. If there’s a piece of cake on my plate, and I eat it all today, I won’t have any cake left for tomorrow. Emotionally, however, we would really like to eat all the cake […]