We are facing risks unlike any we’ve dealt with in our lifetimes. Being told you’re in danger triggers all your evolutionary defense mechanisms intended to keep you safe. Unfortunately, none of these instinctive reactions are useful in the arena of long-term...
What You Should Do in Response to Market Volatility It’s been a wild few weeks in the market as investors try to gauge how the coronavirus will impact global growth and corporate profits. In the sections below, I’ve provided links to the resources I...
Any time you can leverage the power of compounding in your favor, it deserves your full attention. When the opportunity to earn compound returns happens in a place where you get a tax benefit at the same time, it’s a no-brainer to take advantage. Lowering or...
New ideas are always difficult to accept at first. This is never more true than when those new concepts conflict with our existing beliefs. When seeking to understand the world around us, our brains are hardwired to take the path of least resistance. We naturally...
Time mixed with the power of compounding is the most potent combination for wealth creation. Compound interest allows you to grow wealth faster by earning a return on your past returns. This isn’t a linear relationship – it’s exponential. The human brain isn’t good at...
The most important rule in planning for retirement is to save early and often. How early and how often? Start as soon as you begin earning an income and save some of every paycheck. If you haven’t been saving, then the time to start is now. Saving early gives you what...
