There are a lot of people out there that see winning the lottery as the easy answer to their prayers. It’s the shortcut to an easy life, or so they have us believe.
For one thing, it doesn’t work out well for everyone that wins. And […]
Research over the last couple of decades has shown that as much as the finance system assumes that we, as individual investors, are rational, the reality is we are certainly not. The dotcom bubble and the global financial crisis certainly reinforce the fact.
A key consideration in this […]
A useful approach to thinking about your personal finances:
Pay yourself first
Develop a budget
Pay off debts
Start looking for ways to put your money to work
Accept risk, but be careful
Invest in your home
Invest in your retirement savings
Invest in yourself […]
Evaluating Your Investment Knowledge
Do you understand the investments you currently hold?
Is the money that you’d need to tap in the event of a short-term emergency in an investment where the principal does not fluctuate in value?
Do you know what marginal income […]