Playing with Fire

We don’t teach kids about thermodynamics by letting them play with a box of matches so why do we teach them about investing by encouraging them to play stock market games? There’s a new stock market game out. Stockpile is a startup designed to allow investors to buy...

“Those millennials!”

The Foundation is in Phoenix this week meeting with ASU students in the Dorrance Scholarship program, kicking off our second 3rd Decade class in the Phoenix-Scottsdale-Tempe area and finishing up a series of financial education classes for the employees of a Phoenix...

He said, she said

He said “I’m not going to freeze my credit.” She said “I think I will.” That was the conversation at our house this week. What are you going to do? Here’s my message from Equifax: Equifax, one of the big three credit reporting bureaus, the very folks who track and...

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...

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...