By: Laura Walton AFC® “Managing money is the most profitable business in the United States.” Jason Zweig pulled this quote for his recent Wall Street Journal article from a 1996 speech made by Arthur Zeikel, then president of Merrill Lynch Asset Management. Zweig’s article, “Financiers, Heal Thyselves,” applauds the recently announced pact by Jeffrey Bezos (Amazon), Warren Buffett…
By: Laura Walton AFC® Hyperbole – synonyms: exaggeration, overstatement, magnification, embroidery, embellishment, excess, overkill. There’s been a lot of hyperbole in the financial news the last few days – below are some examples I culled from news stories: a big whoosh lower massive selling the Dow plummeted two huge sell-offs in a row stop the…
Johanna Willett’s article “This free Tucson finance class for millennials helped me master money” appeared last week in the Tucson Life section of #ThisIsTucson, an online platform of the Arizona Daily Star: This free Tucson finance class for millennials helped me master money – Johanna Willett A free Tucson course wants to make you the master of your…
Johanna Willett | Tucson Life | A free Tucson course wants to make you the master of your money and a pro at personal finance. And they’re not even trying to sell you anything. Last year, my husband and I applied for the TCI Foundation’s 3rd Decade Program for 20- and 30-somethings and spent the…
By: Laura Walton AFC® That’s what I said to the radio yesterday morning. In response to the government shutdown, a hydrologist with the U.S. Geological Survey was asked the question “how with this affect you?” and, to my dismay, he said “I can’t miss a house payment. If I miss a paycheck, I don’t have reserves to…
By: Laura Walton AFC® We talk about life balance, a balanced diet, balancing work and play, the balance of nature. Now’s an important time to talk about balance and our investments. All too often investor behavior hurts us when making buying and selling decisions. We get excited and buy when we see a stock’s value rising…
Russ Wiles, The Republic | azcentral.com | Laura Walton of the TCI Foundation, a Tucson non-profit that provides free financial classes for moderate-income young adults, offers this tip: Start by putting a dollar in a money jar and increasing that by one dollar each week. By the final week of the year, you’d be putting…
By: Laura Walton AFC® Couples who report disagreeing about finances once a week are over 30 percent more likely to get divorced than couples who report disagreeing about finances a few times a month. This from a study of 2,800 couples surveyed in 1987 by the National Survey of Families and Households. In this survey, both husbands…
By: Laura Walton AFC® I often say that wealth is built in the margins – in the small decisions that add up over time. I’ve seen a couple good examples of this recently in my practice that I’d like to share. First the “money jar”. In our regular progress meeting last month the client started…