We often think of things like stocks, bonds, mutual funds, annuities and assets as investments. But, investments are a broad area. According to Investopedia, an investment involves putting capital to use today to increase its value over time. An investment requires putting capital to work, in the form of time, money, effort, etc., in hopes...
When the purse strings are pulled tight, it’s challenging to look at your statement and see monthly amounts deducted for insurance payments. Whether the risk policies are for health care, income protection or the protection of assets, seeing them come off your account can be painful. As a result, many of us cut these policies...
Stress can be an incredibly powerful motivator. Most of the time, we see it as a negative, but that’s because our days are generally overwhelmed with stress. And, our coping skills have evolved to help us survive in environments very different (Cosmides & Tooby, 2013). Our mind protects us from harm and further stress by...
Whilst it’s good to have someone on your team (your financial adviser) who knows what’s happening in the markets, it’s not always helpful to relay all that information to you and have you make decisions about it. We can’t control the markets, but we can control our conversations about money. That’s why it’s not always...