Your emergency fund can help you cover the cost of life’s unpleasant surprises like medical bills, car repairs, or even job loss. Without one, these unfortunate situations become even worse, as you could face some tough decisions when things don’t go according to...
I’ve made many references over the past several years to financial markets being a complex adaptive system. I find the concept fascinating and elegant, but it requires more explanation than I’ve ever had the space, word count, or reader attention span to...
Five years ago, my wife and I found out we were having our first baby. This thrilling moment in our marriage was quickly followed by the sobering realization of the costs involved in raising a child. Many people receive help from family, friends and baby...
People change advisors all the time, but they don’t always consider the various costs they incur in the process. Some costs may be unavoidable if you want to make a change or follow your preferred advisor to a new firm; however, you can take some proactive steps with...
Economic commentators spent the last several years lamenting the fact that Millennial homeownership is lower now than ownership rates among young adults of past generations. They attributed the trend to factors including large student debts, the fact that young adults...
All too often, people make money decisions without the end in mind. In fact, the neural patterns resulting from thinking about our future self greatly resemble the neural patterns from thinking about a stranger. In other words, our brains think of saving like a choice...
