Start with two million. A 50% loss doesn’t sound so bad. Many day traders end up vaporizing considerably more. A client asked what I thought about him pulling 10K out of his portfolio for some “fun money” for some daily speculating. When people ask this kind of stuff, they get an honest answer. Not what…

https://play.acast.com/s/the-goldmine/dont-let-illusions-of-control-ruin-your-financial-goals We have less control over free will than we think. Does belief in power over open-ended systems like the financial markets make any sense? Despite the “pull yourself up by your bootstraps” society we live in, luck plays a tremendous role in success and failure. Do we have any influence over where and when…

Bad money relationships are worse than romantic debacles. High-intensity drama is painful. Living paycheck to paycheck generates worse long term negative effects. The divorce rate for couples over 50 has skyrocketed over the past 25 years. Differences over money are the number one reason in many circumstances. There are many ways why things go south…

https://player.acast.com/5fbe7dfb74be345c0b6fff2a/episodes/how-do-you-know-if-youre-saving-enough-for-retirement?theme=default&cover=1&latest=1 Who doesn’t want a prosperous retirement? The solution is simple but not easy. Become a capitalist. No need to make “Greed is good” your North Star.  It’s a simple concept; owners earn more than employees. Making money from savings instead of working for a paycheck is key. There are only so many hours in…