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/
There’s nothing wrong with ranting. Most people do it. I would argue that everybody needs to do it. In fact, I’d even suggest that ranting is a good thing. But only if you do it right. If you do it wrong, the consequences can cost you your job, your friendships or even your marriage. So…
I talk to many people who have problems with spending. Sometimes it’s friends. Sometimes it’s co-workers. Sometimes it’s neighbours. And yes, sometimes I talk to myself about my own struggles. What I’ve discovered over the years is that most of our problems do not come down to income. Instead, we don’t notice enough. Spending mindlessly,…
Will you try something with me? Grab a blank piece of paper, draw a line right down the middle, and think of the last time you saw someone fail. It might take you a minute to remember. Now, on the left side of your paper, write down a few words describing how that failure made…
At a recent breakfast, a friend shared the process he and his wife use in place of traditional budgeting. It takes them less than 15 minutes a month, and after the first month, it’s already had a massive impact on the way they use money. Think of this as a little case study, one that…
