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The Endowment Effect: Why You Should Buy a Foreclosure and Never Sell to an Investor

“We wants it, we needs it. Must have the precious. They stole it from us.”
–Gollum

Imagine that you have to sell the house you grew up in. For those of you who have had to do this, I’m sure just thinking about it brings back a wash of memories.

Your house is your home. How many times have you heard that maxim? The words have different connotations. The word home has emotional connections to it. A home has memories, meanings, and the commitment of your heart. The word house, however, doesn’t have those emotional ties. It’s a roof over … Read the article

Are You Overloading Yourself With Stock Information?

“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.”
–Mark Twain

How surprised would you be to see a headline touting the following?

Down Drops 500 Points Today, Creating GREAT Buying Opportunity!

You don’t ever see that headline. Instead, historically, people tend to pour into the stock market when it peaks and get out of the stock market as it approaches its lows. Traders call this capitulation – when the last scared investors get out of the market, and it usually … Read the article

What Are Your Priorities in Life?

“Action expresses priorities.”
― Mahatma Gandhi

What is a discussion about priorities in life doing in a finance blog? Everything. Your priorities in life should be dictating what you’re spending your money on. If you’re not going through your life with intentionality, you won’t be aligning your resources with your priorities. If you’re not budgeting, then I can almost guarantee that you’re not spending money in line with your priorities.

Take a minute and jot down what you think your priorities are. In priority order. It doesn’t have to be a huge list. After all, chances are that you’re … Read the article

Retire Early And Die!

“All men think all men mortal, but themselves.”
–Edward Young

A recent study of a cohort of Austrian retirees came to the conclusion that retiring early was likely to decrease your life expectancy, particularly if you are a male.  The title of the study even could lead one to believe that the best way to live forever is to work forever. The title is “Fatal Attraction? Access to Early Retirement and Mortality.” It’s not one that inspires confidence, and it’s easy for writers to come to the conclusion that retiring is bad for your health without looking at the … Read the article

Personal Finance FAQ Series: What Do I Need to Consider When Purchasing Life Insurance?

Today’s installment of the personal finance frequently asked questions series deals with life insurance.

What Do I Need to Consider When Purchasing Life Insurance?

Also, if you’re considering purchasing whole life insurance for your infant, I recommend against it.

What questions would you like to see me answer? Leave me a comment and let me know!

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