Is It Too Late To Pick Up A New Skill Or Hobby? Not At All
“Anyone who keeps learning stays young.” — Henry Ford I played piano as a kid, but my time spent on music was eventually overtaken by sports as I got into high school. About 10 years ago, though, as my own children were learning how to play different instruments, I decided I would reengage with music. […]
To Be A Happy Retiree, What’s Magic Number For Close Friends?
I argue that money can buy happiness and that the cost is lower than you might think. Despite that, there are diminishing marginal returns and a plateau effect to this strategy. Typically, more money leads to more happiness up to a certain income level. For instance, it’s easier to be happy when you can afford […]
Are You A Millionaire Next Door?
Imagine the day-to-day life of a millionaire. What do you see? Valeting Bentleys and Porsches for regular weeknight dinners at Chops or Umi Sushi? Not being caught dead in anything without a designer tag? Weekend jaunts to Sea Island or vacation homes in posh Aspen? If this description matches your imagination, you’re not alone. But […]
Want To Become The Millionaire Next Door? Top Traits Most Millionaires Possess
Regulars at the Palm with a bottle of champagne waiting on ice. Season stadium suite holders. Wardrobes by Saks Fifth Avenue personal shoppers. Mega-mansions with garages for Porsches and Corvettes. These are but a few of the lifestyle elements of millionaires, no? No. Our image of the lives folks live with a two-comma net worth […]
Should You Ever Invest Outside Of Technology Companies?
Now that the world has reopened, I had the great pleasure of attending an economic and investing forum — in person! A question posed there to one of the speakers really struck me: “With the massive growth and influence of technology companies shaping our world, why would investors put money anywhere else?” It’s not a […]
Become A Smarter Taxpayer And Retiree – IRAs, Taxes And Retirement Savings Best Practices
If the world of retirement planning were a game of golf, far too many people excel on the front nine but forget to finish the round. That’s no way to improve your handicap or retire sooner, and the man I stole that analogy from recently sat down to tell me why. Ed Slott is a […]
Why All Should Be In Pursuit Of ‘Happyness’ And A Dream
There’s one movie ticket stub I’ve held onto for the last 15 years. I keep it in the same little wooden box that holds my wedding ring — The Pursuit of Happyness — the biographical film starring Will Smith as Chris Gardner, a salesman who went from homelessness to eventual success as a financial adviser, […]
How to Own Your Expenses and Plan Ahead for Market Storms
Sometimes it takes stamina and resilience to be one of the happiest retirees on the block. It also pays to stay calm when the world as we know it turns upside down. My neighbor, who I’ll call Reactive Ralph, made a major financial mistake in 2020. When the economic shutdown resulted in the fastest 30% market […]
Why Investors Should Be Wary Of Inflation
If you’re going to the gas pump or trying to buy a house these days, you’re likely worried about one word: inflation. The shelves are finally fully stocked again at grocery stores, but many people wonder if they’ll be able to afford all their usual weekly purchases as the economy resets after the world war […]
Rerouting To Income Investing
A year ago, amidst the throes of COVID lockdown, my regular commute became warp speed from my home in Midtown Atlanta to my Sandy Springs office. Just 16 blissful minutes. Nowadays, my commute has devolved back into a bumper-to-bumper existential crisis. This week, after the morning car pool, Waze suggested three separate routes. Each one […]
