Just wanted to let you know that last week’s post on “The Five Stages of Grief in Real Estate” is part of this week’s Carnival of Personal Finance - edition #189 (the Super Bowl edition - hosted by Taking Charge, a credit cards blog).
The carnival - as always - is full of great posts by […]
How is it that personal finance became a taboo subject among families?
You might want to check out Jason Zweig’s December 27th column in the Wall Street Journal, “Financial Pressure Is a Family-Room Topic, Too”, for further background on this issue.
We’ve been doing this for years in our family, and it’s a tradition to gather at […]
It helps sometimes to hope for the best…but to plan for the worst.
Let’s imagine that your boss calls you into their office after the holiday break to have a little chat.
They start with the good news: You get to keep your job.
Then the bad news: Your salary has been cut from $85,000 to $48,000. […]
(With appropriate apologies to Steven Covey for ripping off the title of his best selling book.)
Here’s my Christmas gift to you…
Looking back over a business career now spanning four decades, I thought it might help to summarize what I’ve learned from direct observation of personal and client behavior, so that you can model their actions, […]
A quote from economic historian John Steele Gordon…
“Human nature predisposes us to recognize depression easily and quickly, but prosperity, like happiness, is most easily seen in retrospect.”
Humans are social animals with strong herding instincts. We are most comfortable being right in the middle of the pack.
We may not be right, but we’re comfortable doing […]
Richard’s interview with personal finance site Geezeo.com has just been posted.
Hop on over to the site to learn more about him, his background, and his future goals for Blue Jeans Millionaire. They were even able to catch a snapshot of our usually-camera-shy-blogger!
While you’re on Geezeo, be sure to check out their tools for organizing your […]
Some thoughts about the recent carnage in the markets.
Remember what Warren Buffet said about markets. In the short run, they are voting machines…but in the long run they are weighing machines. Market highs exhibit irrational exuberance. And days like Monday exhibit unthinking and unbridled pessimism.
It helps to try to imagine the worst. […]
What follows is the Cliff Notes version of portfolio allocation.
These calculations are easy to perform and will trigger a timely response, when needed.
Calculate Net Worth
I will first assume that you know the basics of preparing a statement of net worth. You list everything you own, minus everything you owe. What’s left over….positive or […]
