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Articles by Carl Richards

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Carl Richards is a Certified Financial Planner and a columnist for the New York Times, Morningstar magazine and Yahoo Finance. He is author of 2 books, The Behavior Gap & The One-Page Financial Plan. Carl lives with his family in Park City, Utah. You can find his work and sign up for his newsletter (which has an international audience) at www.behaviorgap.com/


Are You Chasing Success or Happiness?
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Are You Chasing Success or Happiness?

For the next few minutes, I want you to focus on the most successful person you know (and yes, it may be you). What makes this individual successful in your mind? Professional accomplishments? Personal wealth? Now, I want you to think of the happiest person you know. Did you come up with the same name?…

Doing Nothing Isn’t a Financial Plan
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Doing Nothing Isn’t a Financial Plan

“I don’t know what to do.” I’ve heard those words a lot over the years. Smart, successful people with good educations would sit across from me and tell me they’d done little to no financial planning. They just didn’t know what to do, so they did nothing. I’m not surprised. Uncertainty has a way of…

Worry is worthless
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Worry is worthless

Worry is a terrible strategy, but for a long time it was the only one I knew. Now, I consider this a safe place, so don’t judge me when I tell you a little story. For years, when I would send in the sketch that goes with my column for the New York Times, I…

Why You Need Some Space Between Thinking and Doing
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Why You Need Some Space Between Thinking and Doing

I’m going to assume for a minute that you’re one of the millions of people who have a recurrently frustrating relationship with spending. It probably starts with a commitment to sticking to your budget, and you do for a few days. Then, despite your resolve, you break down, pull out the credit card and do…

How Humility Keeps You From Making Big Mistakes
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How Humility Keeps You From Making Big Mistakes

Remember that kid in your high-school geometry class who raised his hand and asked the question everyone knew the answer to?  Remember how the class laughed and thought he was so dumb? It turns out that kid wasn’t dumb. That kid was humble. More humble than most of us. And being humble, when it comes to money,…