Players and Planners: Which Money Mindset Drives You?

  There are players and there are planners. Players get a rush from the action—making bets, taking chances, expecting the big score. You find them at the track, in the casinos and playing the stock market. They scan the pink sheets like the daily racing forms. They’ve convinced themselves that they are in the 'know'.… Continue reading>

Are You Building A Castle Or Digging A Financial Hole?

Have you ever watched kids on the beach? Armed with shovels, pails, shells and any other implement capable of moving sand, they joyously and purposefully focus on their goal—giant sandcastles, moats and tunnels—creating something magical. You hear their shrieks of delight as the tide moves in, threatening the sanctity of the walls surrounding their imaginary… Continue reading>

Arrogance And Ignorance—Dangerous Money Mindsets

James is a 36 year-old surgeon who had just completed multiple Fellowships—his career was just beginning to flourish. He was quick to wax poetic on his love for his wife, his three kids, his work and his motorcycles. “As this is our data gathering meeting, we would like to understand about your insurance protection so… Continue reading>

Adopting A Holiday Mindset (Without Going Broke)

Holiday time, instead of promoting peace, happiness, celebration and gratitude, has become equivalent to hand-to-hand combat. We charge through the stores looking miserable, impatient and angry—definitely not in alignment with the merry jingles playing on the sound system. Or we stress out on-line, clicking our way into debt as we try to make everyone happy.… Continue reading>

There’s Only One Thing Certain About Market Uncertainty

You sit down to breakfast, open the web page or your newspaper and the headline hits you right smack between the eyes: "Market Falls on _________ Uncertainty." You can fill in the blank: Global Concerns Federal Reserve Meeting Employment Report Congressional Gridlock The possibilities are endless, but there is a headline all stocked and ready… Continue reading>

From 2D to 3D: Adding The Human Dimension to Financial Planning

A typical financial plan is two-dimensional: assets minus debt = net worth. Income less expenses = surplus or deficit. All projected out into the future to discover whether a plan can work (or not). But no matter how complex and conservative the modeling, it’s all guesswork until you factor in the missing link that leads… Continue reading>

Retirement Reality Bites: It’s Time To Bite Back

According to a Bankrate.com poll (click here)  36% of Americans of all ages have not begun saving for retirement—including a rather shocking 25%+ of the 50-64 year-olds surveyed. Of course there are many uncontrollable reasons why people are financially unprepared—losing their job to the recession, an obsolete skill set, disability or runaway medical expenses. But… Continue reading>