By: Laura Walton AFC® Morgan Housel, an award winning financial columnist, is gifted at expressing complex ideas clearly and with humor. Today a partner at The Collaborative Fund, he posted this recent blog, “Short Money Rules”, and I would add “to live by”. Above-average results require not being afraid of looking wrong. Most people…
By: Laura Walton AFC® Do you ever anticipate regret? I find it a useful tool when making decisions. If I choose option A, how will I feel about it later, will I regret it? Or, will I feel better about choosing option B once my decision is made? These top 10 financial savings regrets…
By:Laura Walton AFC® What do they have in common? Would you believe predictability? If 98% of well-bred racehorses aren’t winners, why do most people look at pedigree before placing their bets? And, if pedigree isn’t a great predictor of winning horses, what is? These are the questions that horse expert Jeff Seder asked and…
By: Laura Walton AFC® I find the budget line ‘Auto Insurance’ is just that, all over the map – from $800 to $1600 a year for an individual, up to nearly $3000 a year for a couple. And, the low price isn’t always from the same company nor for the same driver profile – it’s…
By: Laura Walton AFC® A graduate of the 3rd Decade™ Program sent me a link to an article he’d come across online: “It reiterates and reaffirms what TCI preached in class about holding onto investments even though the market can be risky because it will still outperform…in the long term. If you could share it with…
By: Laura Walton AFC® You probably didn’t need me to tell you that – it’s all over the news. Even though logic dictates that what goes up must come down, the drops get our attention. And, despite the fact that it’s these very movements, these risks that create the market and the rewards we seeks…
By: Laura Walton AFC® I am fortunate to have a circle of happy, successful friends, many of whom I hike with on a regular basis. Hiking is great exercise but also an opportunity for great conversation. With 2019 approaching, one conversation turned to making goals and a friend shared the exercise she works through at…
By: Laura Walton AFC® You wouldn’t expect Bob Swift to send out the typical holiday letter – oh no! Not only does he have fun with it but it’s the Swift family budget…from 1992. Fun aside, the charitable contributions line prompts me to remind you that you can choose to re-direct tax dollars owed to…
By: Laura Walton AFC® In recent blogs I’ve discussed the FIRE movement (Financial Independence Retire Early) and the potential pitfalls of early retirement. Left unaddressed is how to pull it off – does it take a big income? or monk-like frugality?? Here’s how one 3rd DecadeTM graduate is knocking it out of the park. For simplicity’s sake,…
By: Laura Walton AFC® I’d estimate that about 30% of the participants in the 3rd DecadeTM program would like to retire early whether that means age 60, 50 or even 40. But, is the dream better than the reality? San Dogan, founder of the website Financial Samurai, retired at 34 and his is a cautionary tale. About…