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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/


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,…

Finding Enough Before it Becomes Too Much
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Finding Enough Before it Becomes Too Much

The more you consume, the less content you are. If you don’t believe me, think back to the last time you ate just a bit too much of your favourite ice cream. For me, that’s Jeni’s salty caramel. There are few things in life better than that first spoonful. Except, that is, for the second bite,…

A Summer Without Headlines: The 90-Day Challenge
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A Summer Without Headlines: The 90-Day Challenge

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…

One Weird Trick: Counter Your Cognitive Biases
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One Weird Trick: Counter Your Cognitive Biases

A few years ago, a friend of mine who happens to be a really well-known journalist had a conversation with a really well-known academic. Because the conversation was private, I’m not mentioning names. But I did want to share one fascinating part of their discussion. They were talking about cognitive biases A cognitive bias is…

Tempted to Worry? Try Making Concrete Plans Instead
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Tempted to Worry? Try Making Concrete Plans Instead

Worry is a terrible business strategy. In the not so distant past, however, it was the only one I knew. For example, each time I wrote this column, I worried that my editor would say, “Sorry, Carl. This just isn’t very good. I’m afraid that’s the end of the Sketch Guy.” Inevitably, of course, I…