Category: Money
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Giving Tuesday
I grew up in a home where generosity was such an integral part of our reality that it was hard to identify on its own. What I mean is, if my family was a soup, and you asked me to strain out the generosity in the soup, I couldn’t. It was…
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Thankfulness is financially savvy
Here’s a reminder that being thankful–choosing to be thankful–is supremely helpful in getting you to a state of contentment. Like, just look at something around you right now and find it in yourself to be thankful for it. Do it. Then do it a couple more times. The more you do…
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Jürgen Klopp and investing the right way
I watched a little soccer this past weekend, and happened to see a short interview of Liverpool’s coach Jurgen Klopp just before their match against Southampton. In it he said something that very well could have come from the mouth of Charlie Munger: People keep talking about momentum and the…
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Where does all the money come from?
Comparison is the thief of joy. I would highly recommend not engaging in it. But in the event that you find yourself looking at peers and asking, “Where does all the money come from?” I guess I have a couple of things to say: Many people heavily subsidize their lifestyle…
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When easy is very bad
I spent part of this past weekend in Mobile, Alabama celebrating my grandmother’s 90th birthday. Now, you must understand something about my grandmother’s house: there are always pound cakes. I have never visited my mom’s mother and not seen a homemade pound cake on the kitchen counter. Never. It’s one…
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Open hands vs. clinched fists
“Our income is going up, but we really don’t want our lifestyle to change.” Someone said that to me, yesterday. I wish more people would say it, and mean it. A stake in the ground. A definition of “enough.” A commitment to contentment. A life lived with open hands instead…
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Stop talking about the stock market
“One time I came home from college for a vacation, and my sister was sort of unhappy, almost crying. The Girl Scouts were having a father-daughter banquet, but our father was out on the road, selling uniforms. So I said I would take her, being the brother (I’m nine years…
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The problem with financial drugs
I wrote yesterday about the problem with one-time advice, and drew a parallel there between going to the doctor and getting financial advice. Today, in the spirit of follow-up posts, I want to draw another parallel between the practice of medicine and the financial services industry. So first, a story.…
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The problem with one-time advice
I wrote awhile back about my ten-year gap between doctor visits (I have since been to the doctor, thank you). But you know, going to the doctor for a checkup gets increasingly less useful the further you get past that visit. You got a clean bill of health when you went…
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Invest in relationships
You go to the gym early, you’re a great saver, and you bought a sensible home–congratulations!! But what sort of resources have you poured into your relationships? How much time have you spent, how much of your talent have you shared, how many dollars have you freed up for those people…
Meaningful Returns 