Articles by Carl Richards

Carl Richards

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/


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I worry about money. I bet you worry about money, too. But here’s the interesting thing: I’ve never worked with anyone who identified “worry” as something they valued. So why do we let worry about money drive so much of our thinking and decision making? My experience suggests our worry comes from trying to control…

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Recently I shared how scared and worried I felt at the thought of losing my wife after her accident. As frightening as that experience was, it also helped me reflect and decide that I didn’t want any more regrets. I thought you might feel the same way, so I asked for your deathbed wish list….

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Do you remember playing pretend when you were little?  Maybe you were a superhero, a dinosaur or a princess. It’s normal when you’re little, and it’s usually harmless. Most children know the difference between pretending to be a superhero and jumping off the roof thinking they can fly. But adults often forget. For instance, we…

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I have a question for you. Now, this will work best if you grab a piece of paper, and write out your answer. Here’s the question: Why is your money invested the way it is? Before you go on, write down your answer on that paper. I’ve had a blast with this question over the…

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Many of life’s choices fall into two categories: ■ Option A: Exciting and complex and quick, but the action rarely works. ■ Option B: Boring and simple and slow, but it works nearly all the time. I have been thinking a lot lately about why we are so intrigued by Option A. The list is…

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Finding time is hard. I often think about all the things I would do if I could just find the time. But really, what a crazy thing that is to say. Find the time? Where should I look? Did I hide it in the bushes outside the White House? Can I find it on Aisle…

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Remember how you felt during the financial crisis in 2008? People were scared.   Even the professionals were uncertain about what might happen. I know, because I was scared, too. But I couldn’t show it. Whatever was going on, my clients still needed me to provide thoughtful advice and to help stop them from doing…

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Did you read, listen, or watch the news in the last year?  If so, you probably came across one or more of these headlines: Europe Stocks Close Down, Euro Hit as Greek Talks Stumble Russia says it would match any U.S. military buildup in Eastern Europe U.S. fast-track vote leaves Pacific trade pact talks in…

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I like buying high-quality things.  And for the longest time, I’ve had this sneaking suspicion that buying high-quality stuff, which perhaps initially was more expensive, actually saved me money in the long run. It wasn’t until very recently, though, that I noticed a strong argument in support of my hunch. The other day, I was…