A Nobel Nod To The Irrational

The University of Chicago’s Professor Richard Thaler walked off with the Nobel Prize in Economics for his work researching Behavior Finance. His work, including his 2008 book “Nudge” demonstrates that humans are predictably irrational and can make bad decisions that fly in the face of good solid information. For example, people will refuse to spend… Continue reading>

Get A Jump On 2017 Taxes Now

According to the IRS, 95 percent of individual returns have been filed each year by mid-July. Now the question is, who are those leftover 5 percent? There are two options: 1) The world’s biggest procrastinators, or 2) The ones who are waiting for information from third parties, such as partnerships or other entities, and who… Continue reading>

Isaac Newton’s Guide To Financial Success

I remember my father quoting the law of physics regarding things in motion staying in motion and things at rest staying at rest. Still today, my eyes involuntarily roll at the memory. These reminders of Newton’s law usually came when I was ignoring my list of chores in favor of leisurely pursuits. In other words,… Continue reading>

What Coffee, Life and Money Happiness Have In Common

My friend—let's call him Jim—is a complete and utter coffee geek. He buys green beans, roasts them to his liking, grinds them to the perfect consistency and measures the exact amount of ground coffee (in grams) for each serving. He—lovingly—prepares his coffee-making machine, making sure the water is at the right temperature before introducing it… Continue reading>

Does Your Financial Advisor Tell You Things You Don’t Want To Hear?

I am not referring to the “financial advisor” who advises you to double down on a stock or buy an annuity or insurance product while requesting your signature. I am referring to the financial advisor who communicates with you that you’re not saving enough for the goals you’ve laid out, that you’re not taking action… Continue reading>