“In the face of too many choices, we often choose nothing—and pay dearly for it.” (Barry Schwartz, The Paradox of Choice) Everyone knows about FOMO. But have you even heard of FOBO, let alone contemplated how it might be kaiboshing your wealth targets? Fear of Better Options is a clear and present danger… The buffet of…
“Money is a terrible master but an excellent servant.” (P.T. Barnum) It seems strange. A man with more money than he could ever spend – a wealthy investor, entrepreneur, or heir – still often says, “It’s a waste of money.” He longs to see his children overseas, yet he won’t fly to them because he…
“Speculation leads you the wrong way. It allows you to put your emotions first, whereas investment gets emotions out of the picture.” (John C. Bogle) It’s tempting to believe we can control our emotions regarding money matters. However, being human means we’re susceptible to emotional biases that lurk silently beneath the surface, influencing our choices…