Breaking news: Money CAN buy happiness!

From psychologist Daniel Kahneman and economist Angus Deaton we learned that higher incomes, over about $75,000 a year, didn’t make us any happier per se, they just allowed us to spend more. A new study says that increased happiness depends on the way we spend that...

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The cost of financial advice

I promised a more objective way of choosing a financial planner in my recent blog on how advisors dress. How they charge is a good place to start. Not only will it tell you the cost of the service, but it will give you a good idea who you’re dealing with. Liz Frazier...

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Warren Buffett’s Secret Ingredient

As with many favorite recipes, the ingredients are simple but the dish is a crowd pleaser that is served time and again with predictable results and rave reviews. As you know, Warren Buffett's secret investing ingredient is the low-cost S&P 500 index fund but, he...

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Should a Financial Planner Dress Up?

An odd question but one that was the topic of a recent Michael Kitces blog where I learned about “countersignaling”. The Kitces blog is a popular one with financial planners; this one was written by Derek Tharp, a Research Associate at Kitces.com and a Ph.D. candidate...

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They almost had me…

It was the end of the year and I was getting my car serviced when the new service manager introduced himself and gave me some FIAT swag – a nice water bottle customized to fit the holder. Then he asked if I’d consider buying an extended warranty. My car was just out...

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It doesn’t get much better than this…

  In a recent Freakonomics episode, four heavy hitters chatted about active versus passive investing. Sound dry? Not at all! Below I’ve shared some of the best of the podcast but I heartily recommend listening to these super-heroes of the everyday investor....

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Gone fishin’

When you read this, I’ll be in the Sangre de Cristo Mountains of Northern New Mexico fly fishing. I taught myself to fly fish after growing up watching my father on streams in the White Mountains of Arizona. I like to keep my fishing simple – small streams, basic...

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The Power of Discipline

Congrats to my friend Heather who just completed, this very morning, 30 consecutive days of walking Tumamoc Hill at 5:30AM. She says, “Other than the physical byproduct of having stronger legs and lungs, I feel a sense of accomplishment and it's been a good reminder...

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5 bedrooms, 10 roommates

Last week we fell into conversation with a fellow who’d recently relocated from the San Francisco area, an area known for its high cost of living. He was basking in our low rental rates and his increased ability to save. He explained that even though his prior rent...

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Wouldn’t it be great…

to own a home here? You’re vacationing in a great place, far away from the day-to-day life of work and home, it’s idyllic. But owning your home there may not be. Here’s an honest look at the pros and cons. We spent last weekend with friends in a cabin on Mt. Lemmon –...

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