What’s the point of integrating our emotions into financial decisions? We can be led to believe that all financial decisions are a simple equation. We can run the calculations and get a YES or NO without having to consider the emotional impact! It is true that calculations are a big factor in making financial decisions, but without integrating our emotions and values into the decision-making process, we could end up… Read More
The Master’s Minute – What’s the Point? (3 of 4)
What’s the point of being successful anyway? Weren’t we always told that we need to get good grades in school, so we could get a good job, so we could save enough money, so we could have a nice retirement? And isn’t a nice retirement what we all really want? I recently met with a client who was staring retirement in the face. After many years of hard work building… Read More
The Master’s Minute – What’s the Point? (2 of 4)
What’s the point of all this long-term investing stuff? I will be the first to admit that the day-trading mentality with which we are constantly bombarded sounds much more exciting! At Master’s, we quickly grow weary of articles, tv shows and opinions that the media throws at us that they call investing. We like to remind ourselves and our clients that all these outlets are in the entertainment business,… Read More
The Master’s Minute – What’s the Point? (1 of 4)
What’s the point of financial planning anyway? According to a 2017 survey by CareerBuilder.com, nearly 80% of American workers live paycheck to paycheck. If these statistics are any indication, it doesn’t seem like most people put much effort toward planning for their financial future. I recently had a conversation with a couple who has been diligently saving for their retirement years. After some analysis, I commented that they were on… Read More
