Financial Wisdom

Money quotes offering wisdom: “Exiting the market after a decline – and thus failing to participate in a cyclical rebound – is truly the cardinal sin in investing.” Howard Marks “Time in the market beats timing the market.” People first, then money, then things. – Suze Orman “Annual income twenty pounds, annual expenditure nineteen and…

Want to buy happiness?

Ross Menke’s five strategies:1. Help others,2. don’t let special treats become routine,3. favor experiences over possessions,4. hire others to do chores you hate, and5. pay now but consume later.Read Jonathan Clements’ advice at https://humbledollar.com/2019/01/spending-happily/ Source: Financial Planning for Women

Parents Pass (Bad) Money Habits to Kids

“Parents signal their attitudes about money, either through purposeful and explicit messages or in unconscious ways.  Meanwhile, children learn the behaviors that take them into adulthood by observing what parents do.  These observations can override financial knowledge in shaping behavior.” The Squared Away Blog features a research summary by Dr. Sonya Britt, a certified financial…