I read an excellent post by Morgan Housel recently that discussed financial goals and financial systems. We all have goals. They might be physical (like losing some weight by summertime), academic (like a achieving a specific grade this semester), or financial (like saving a certain amount of money this year). Let’s get one thing straight, having… [Read More] Financial Goals or Financial Systems?
I read a post today on the CFA Institute’s website written by William C.G. Ortel. William asks the question, “Have you made a profit on your life?”. I think this is an interesting way to think about spending and saving habits. We all allow ourselves to get so consumed by things like earnings announcements, the… [Read More] Would You Be a Profitable Company?
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Not_Having_a_Plan_Means_Not_Knowing_Yourself_April_2015_Podcast.mp3Subscribe: Android | RSSIt’s been said that, “A goal without a plan is just a wish”. This applies to personal finance, as well as many other aspects of life. Most people wish that they could stop worrying about their finances so much, but they have no plan to achieve that goal. When it comes to… [Read More] Not Having a Plan Means Not Knowing Yourself
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Maybe_You_Shouldn_t_Be_Maxing_Out_Your_401k_Yet_March_2015_Podcast.mp3Subscribe: Android | RSSIt may not always be appropriate to max out your 401k contributions. That’s right, Tom and I make the case for not maxing out your 401k contributions on this week’s Mullooly Asset Management podcast. Probably not what you were expecting to hear, right? Let me preface this post by saying that most… [Read More] Maybe You Shouldn’t Be Maxing Out Your 401k (Yet)
https://media.blubrry.com/invest/p/content.blubrry.com/invest/Saving_or_Investing_February_2015_Podcast.mp3Subscribe: Android | RSS “I’m saving for a down payment on a home.” “I’m saving for my child’s college education.” “I’m saving for retirement.” These are three very different goals, yet all have been deemed “saving”. Not to get picky, but there’s a big difference between saving and investing. It’s important to clarify which one you’re… [Read More] Are You Saving or Investing?