What A Cold Shower Teaches Us About Financial Planning

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There’s no hot water…..

So, I’m in a shower at the gym and the hot water goes out. The shower is getting colder by the second. Do I switch showers, or just grit my teeth and finish where I am? Tough call (I stayed in the same shower).

This same scenario and be applied to your financial planning- and how that planning can change dramatically over your lifetime. It was struck by this quote from Next Avenue:

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What A Urinal Ad Can Teach Us About Unconstrained Bond Funds

 

Mens Bathroom

It has to be the best urinal ad- ever.

Right above the urinal a movie theater bathroom, in red letters “Flat rate divorce services”. The ad had a nice picture of an office and the attorney’s phone and email address.

Talk about a captive audience- really sort of brilliant. You’re a guy, you’re absolutely going to notice ad, lots of marriages end up divorce…..

Simple.

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Trouble At The Genius Store

Cash Register Close UP

Author’s Note:

Explaining accounting and finance can be pretty dull. That’s a problem, if you need to learn accounting or finance.

On a plane from St. Louis to Seattle, I decided to try and fix the problem. What if I could wrap some accounting concepts inside of a quirky (funny?) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of an accounting concept- but you’ve received the information in a light-hearted way.

Anyway, that’s the goal here. Enjoy!

The guy who convinces older people to back up their computer data is gonna make a fortune. Greg chuckled to himself as he packed up his Macbook at the Apple Store.

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What A Tattoo Can Teach Us About Relationships and Investing

 

Wall Street Two Signs

“I can choose peace, rather than this.”

Pretty powerful, huh? It’s a quote from Wayne Dyer, the spiritual writing and speaker. It’s a good introduction into the topic of couples and personal finances. Sometimes, the process is not peaceful….

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How To Take Charge Of Your Debt: At Any Age

Retired Couple Venice

“Success consists of going from failure to failure without loss of enthusiasm.”

I love this quote with Winston Churchill. It’s one of several quotes I keep on a piece of paper in my wallet. I think the “attitude” of this quote can help anyone who is in debt. A debt problem can be solved- regardless of your age.

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What Presidential Primaries Teach Us About High-Dividend Stocks

Speakers Chamber

The New Hampshire primary results are in. Some candidates have dropped out, and supporters are scrambling to find a winner.

The same thing is true with investors. As of Feb. 11th, the Standard and Poor’s index of 500 stocks is down 10.51% for the year. What about bonds? Well, here are some current yields for various types of bonds:

10-year Treasury Bonds 1.64%

10-year AA Corporate Bond 2.77%

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Stocks are down, yields are low. Like the current political environment, people are running toward an investment that might perform better in these financial conditions: high-dividend stocks.

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How To End Poor Decision Making During Market Volatility

Wall Street Two Signs

No one knows enough to be a pessimist.

I love this line. It’s from Wayne Dyer, the speaker and author who recently passed away. Here’s another one I like:

If you change the way you look at things, the things you look at change.

These two quotes apply to investing decisions in today’s volatile markets. With some calm thinking and clarity about where you, you can avoid making poor decisions that may hurt you down the road.

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4 Ways That Reddit Can Help You Avoid Personal Financial Problems

Man at Table with PC Notepad

This article really made me cringe. “68% of Americans Destroy Their Credit Before Age 30”. Specifically, 68% of Americans make “at least one major financial mistake” about age 30, which results in negative information on their credit rating. If you have financial information and a plan, however, you can avoid these problems- at any age.

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The credit mistake may be overspending on credit cards or missing a payment on a loan. Some more serious issues are defaulting on a loan or having an account sent to collections.

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What Nearly Getting Crushed By A Light Pole Teaches Us About Investing

Classic Cars

I don’t know if I can call what happened to me last Friday morning a “near death experience”, but it was attention getting..

Every morning, I go by a Panera about 6 blocks from my house to get coffee. While I’m in the car, I start to organize my thoughts for the day: what am I trying to accomplish, what problems do I need to solve.

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So, I’m sitting at a stoplight at a major intersection in St. Louis. I’m in the right lane, and next to me is a right-hand turn lane. I hear a crash, look to my right, and see the right side of my car showered with glass.

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What Oil Price Swings Can Teach Us About Investment Sectors

Wall Street Sign

Investors have seen almost historic price swings in the markets. As of January 13, 2016, the Standard and Poor’s (S&P) 500 index is down over 7.5% for the year.

One big impact on the market is the decline in the price of oil. Oil prices have declined by more than 60 percent since June of 2014. As of mid-January of ’16, the $30 per barrel price of oil is the lowest price since 2004.

The change in oil prices- and the impact of stocks- is a great way to explain the concept of investment sectors.

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