Investors’ behavior can be heavily influenced by their experiences. For example, the financial crash of 1929 and the ensuing Great Depression permanently shattered many investors’ belief in buying stocks. A whole cohort of potential investors stayed away from equities for a very long time, if... Read More
Most Baby Boomers are ill-prepared for retirement, which may be the most significant life transition they have ever made. And most who have done some planning have focused almost exclusively on the financial aspects. Although financial security is important, it is but one of the 10 key factors... Read More
In terms of adult development theory, life after 50 is typically a pivotal stage when individuals rethink the direction their lives are taking, confront their own mortality, and dare to ask themselves, “Am I really happy?” However, what distinguishes Baby... Read More
A perennially hot topic in personal finance is the debate over whether to buy or rent a home. Today, my point of view is likely a minority one. I believe you should seriously consider owning your home.
This is a significant issue. For most people, housing... Read More
Life is a continuum—an accumulation of experiences that shape how we view ourselves, our families, and our world. When we reflect on these experiences, we come to realize that our lives have been—and will be—permeated by change.
Therefore, it is... Read More
Financial capability is defined as the capacity—based on knowledge, skills, and access—to manage financial resources effectively.
All parents, of course, hope their children will grow up to be financially responsible, savvy, and confident adults. ... Read More