What Mattress Shopping and Finding Financial Advice Have in Common

Shopping for Financial Advice

I don’t really enjoy shopping.

And it’s not because I’m a guy. I’ve met dudes that enjoy shopping. And I’ve met ladies that don’t.

Cars. Clothes. Furniture. Paint colors. Doesn’t really matter what it is. I find no joy in the “hunt.”

Most recently, it was mattress shopping. And let me tell you, Friend, that was no fun. No fun at all.

Elizabeth and I have been sleeping on a mattress that, according to everything we’ve read and been told, is waaaaay past its useful life.

So we walk into Macy’s, Mattress Firm, and who knows how many other mattress retailers, trying to avoid eye contact so we’re not immediately cornered by the salesperson asking us “what we’re looking for today.”

After laying on dozens of mattresses – all of which started to feel the exact same to me – we settled on a new mattress.

And trust me, I’m making this process sound much quicker and easier than it actually was.

But here’s the thing . . .

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The Future Will Be Better Than You Anticipate

The Future Will Be Better“My biggest takeaway from economics is that the past wasn’t as good as you remember, the present isn’t as bad as you think, and the future will be better than you anticipate.”

This is the start of a recent Motley Fool article by Morgan Housel, and I think, given the recent “excitement” in the market, it serves as a timely reminder.

Housel’s article continues with more sound ideas and concepts, however I take issue with one in particular.

His statement, “‘Save more money’ is some of the best financial advice you can give . . .” is true.

Up to a point.

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The Financial Risk To Women Caring For Aging Parents

The Cost of Caring for Aging ParentsShe was crying and there was nothing I could do.

A few months ago, I met a woman who was referred to me by another professional.

She was in her late 60s, divorced and working full-time.

After about 10 minutes of friendly small talk, she sheepishly shared her story with me.

She had been caring for her Mom for the last 15 years, and it had taken its toll on her. Emotionally. Physically. Financially.

Her Mom was in assisted living and the family finances couldn’t keep pace with her cost of care.

Her Dad had passed away several years ago and had done a lot to provide for his wife in his absence. All told, he’d left approximately $1.5 million behind in investments, savings and real estate.

15 years later, and it’s all gone.

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Stock Market On Sale

Stock Market On SaleAs I write these words, it is the morning of Friday, January 8th.

If you’ve had your head in the sand, financially speaking, the last few days, then good for you. After reading this email, please continue with the head in the sand strategy.

For everyone else, you’ve almost certainly seen the less-than-rosy start in the 2016 investment markets.

However, despite the media’s best attempts to grab your attention with inflammatory headlines only to leave you questioning the fundamentals of capitalism, don’t make a potentially life-altering financial decision based on 4 days worth of market gyrations.

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An Important Truth To Start The New Year

An Important TruthHappy New Year!

I hope your 2016 is off to a great start.

I was recently reading an article about Peter Thiel, founder of PayPal and several other successful ventures, and his favorite question to ask someone:

What important truth do very few people agree with you on?

My answer to this question, in case you were curious, is that successful, effective financial planning can be – and should be – simple.

However, please don’t confuse simple with easy.

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