Recently, I came across the idea of Financial Abstraction: the notion that as money becomes more of an idea and less tangible, it changes the way we interact with it on a regular basis. Adam Carroll, an internationally recognized financial literacy expert, discusses...
In a complex world, the nuances of focus and attention strongly influence success and failure. The iconic ‘Invisible Gorilla’ experiment, conducted by Harvard researchers Christopher Chabris and Daniel Simons in 1999, offers a compelling demonstration of this idea....
It is quite normal for investors to occasionally check the balance of their investment accounts. After all, that balance is often the result of a lifetime spent working hard, saving well and delayed gratification; and can serve as a good barometer for financial...
Time is perhaps the most influential piece in the financial planning puzzle. In his days, Albert Einstein contributed extensively to humanity’s understanding of the complexities of time, and he has provided some of the absolute...
Earlier this year the dreaded “R” word - Recession - was on everyone’s mind. And with good reason. Recall how poorly the US economy appeared this past winter, with inflation persisting, interest rates rising, corporate profits waning and consumer...
In the sweltering heat of July, my family embarked on a journey to the distant and magical realm of Disney World. Over four exhaustive days, we immersed ourselves along with the other 57,000 daily visitors in a world where fairy tales come alive and where dreams, no...
For many Americans, summer means pool days, baseball games, and perhaps a summer vacation. While we’re all enjoying more time outdoors (or indoors away from oppressive heat waves), the dog days of summer also mean back-to-school season is looming right around the...
Here’s a question I often pose to soon-to-be retirees: “What does it cost to be you?” The point of asking is to see if you know the cost of your lifestyle. My experience tells me most clients don’t know the answer. I then urge them to track their spending so...