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Make the most of your money

Eighteen Year Breakup

Here’s what I’ve been reading this past week or so.

Eighteen Year Breakups Are Never Easy

Seeing images of my friends taking their children to college on social media the past couple of weeks has tugged at my heart strings. These are children who I watched learn how to bike, then to drive. How did I become this old?? The author writes about dropping off his first twin son at college and the awareness of what money can and can’t do in our lives.

“Earned success” is one of the factors in being happy at work. Makes sense, right? I love the term “earned success”. If success comes too easy, you don’t appreciate it. The article reminded me of the book Grit: The Power of Passion and Perseverance which talks about how the struggle of pursuing a goal can grow into love, resilience, and pride. I keep waiting for my struggle with keeping plants alive to turn into love and pride… not there yet…

Meet one of my plant victims, Freddy. He has survived over a year (respectable!), but hard to say he has thrived. ???‍♀️

What You Have Lost in this Bull Market

Are you risk taking or risk seeking with your investing? Jason Zweig writes about the important difference in these behaviors. The original title in the print edition was Beware the Bet You Don’t Have to Make. It Could Explode…

4 Investment Mistakes I See Over and Over as a Financial Planner

 

Can you guess what they are?

The Psychology of Money 
by Morgan Housel
I highly recommend this book. I’m only on Chapter 7: Freedom and have been blown away so far. “The ability to do what you want, when you want, with who you want, for as long as you want is priceless. It is the highest dividend money pays.” I’ll be sharing more nuggets as I go through the book.

What is Financial Flexibility and Why is it So Important?

There is such a thing as over-saving!

Believing in Yourself is Overrated. This is Better.
Ryan Holliday has some words of wisdom to share.

BW Financial LLC dba BW Financial Planning is an Investment Adviser registered with the State of Colorado.All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication’s conclusions. This communication is for informational purposes only and should not be construed as legal, accounting and/or tax advice. Should you have any questions and/or issues in these areas, please consult your legal, tax and/or accounting adviser.

 

Behavioral Finance, Financial Planning, Investing

CATEGORY

9/08/2021

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