Save Money With This Quick Two-Minute Drill

January 13, 2014

It is playoff time in the NFL and just four teams are left with a shot at the Super Bowl. (That’s Denver, New England, San Francisco or Seattle just in case you aren’t a fan of pro football or have managed to avoid the fanatics in your life that do care about the proverbial pigskin.) In the spirit of playoff season, I thought that I would accept a challenge from a colleague to put today’s blog post on the clock.  Continue reading “Save Money With This Quick Two-Minute Drill”

What’s On Your “Dream Board”?

July 17, 2013

Several weeks ago, I had the pleasure of meeting a young man who emigrated to the U.S. from Africa, and he wanted to know if he was saving enough for retirement.  As I proceeded to ask him the usual questions—when would you like to retire, what kind of lifestyle would you like to have, how much have you already saved — I began to realize that this individual was quite different from most of the ones I talked to.  It turns out that he is already saving 25% of his pay but was able to save more and wanted to discuss his options. Continue reading “What’s On Your “Dream Board”?”

How Not Eating a Marshmallow is Key to Financial Success

February 16, 2012

I recently read this interesting Reason magazine interview with New York Times science writer John Tierney, co-author of the new book Willpower: Rediscovering the Greatest Human Strength. The interview starts with an explanation of the famous “marshmallow test” experiment in which 4-yr olds were given a marshmallow and told that they could eat it but that they would get two marshmallows if they waited 15 minutes before eating. The kids who were able to resist eating the marshmallow not only got a second one but ended up doing better in school and in their lives in general. Continue reading “How Not Eating a Marshmallow is Key to Financial Success”