Financial Mistakes For the Financially Literate

examples of financial mistakes

I’ve never pretended to be perfect, which is why I think it’s the right thing to do to air out some of the financial mistakes I still make today. Some are more recent than others, but the theme is the same. I struggle with financial discipline and decisions just as much as you. Read on to hear about some of my dirty financial laundry.

5 Reasons Investing in Individual Stocks is for Losers

Should I invest in individual stocks

Many people have enjoyed the successes (and more often the failures) of investing in individual stocks. If you have ever wondered if you should invest in individual stocks, this post is for you. And, if you currently do this sort of thing, I might call you a loser in this post. Read it at your own peril.

Choosing the Right Asset Allocation: Avoiding Analysis Paralysis (BFS #2)

choosing the right asset allocation

Getting started is sometimes the toughest part about investing. How do we pick the right asset allocation? What IS the right asset allocation? Behavioral Finance has something to teach us about why limiting our choices, and making things simple, is often the best way to figure it all out.

Can I Afford the Monthly Payments? Losing The Forest for the Trees

Can I afford the monthly payments?

Have you ever wondered whether you could afford a monthly payment on something? Maybe a car, house, or private school payments? I would argue that people asking this question are losing the forest for the trees. And we all do it. This post is here to remind us that there is a better way to think about money, and to tell you how to find the right mindset.

Why Finding the Flow Might Be the Most Important Goal

Finding the flow

We all know the experience. We are working hard, sometimes without even realizing how much work is being put in. As we diligently take care of our task, we are immersed. At some point, our concentration is broken (maybe because the task is done), and we realize that hours have passed. You have just found the “flow,” and I am here to tell you that it might be the most important goal we should have.