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Hello Summer!

Memorial Day signals the start of summer! Many, many thanks to the brave women and men who served our country.

How to Win at the Airport This Summer

As summertime travel kicks off, here are some 10 tips to make traveling a little less stressful.

Are You Spending Too Much Money?

Loved this article. It describes how you should spend your money by being “selectively cheap and selectively extravagant”. Love. I’m selectively cheap about a lot of (most) things, but selectively extravagant with vacations with my boys. What about you?

Building Wealth While Living in an Expensive Neighborhood

Good schools, safe streets, and well-cared for parks are hallmarks of expensive neighborhoods. But living in an expensive neighborhood can break the bank if you aren’t careful. Read more in this blog.

Some Things I Think

Some really good nuggets from Morgan Housel. It was hard to narrow the list to 5!

“Many people check their portfolios every day but their blood pressure every few years, if even that.”

“Every five to seven years people forget that recessions occur every five to seven years.”

“People tend to be obsessed with harm posed by others (terrorism, crime) while oblivious to much greater self-inflicted harms (poor diet, no exercise).”

“Three legal investment strategies: Be smarter than others, be luckier than others, be more patient than others. That’s the whole list.”

“A good bet in economics: the past wasn’t as good as you remember, the present isn’t as bad as you think, and the future will be better than you anticipate.”

The Case for International Diversification

Hometown bias in investing is something we have talked about before. When investing, consider adding some exposure to international stocks to your portfolio.

‘Swedish Death Cleaning’ Trend

The title of this story caught my attention. There’s a show called “The Gentle Art of Swedish Death Cleaning” on NBC, hosted by Amy Poehler. Love Amy Poehler! It’s different than Marie Kondo’s “sparking joy” clean out. It’s thinking about the loved ones who will have to clean out our houses and stuff when we die. I definitely have friends who have promised to burn my diaries when I die. My kids do not need to be scarred by the trials and tribulations of 19 years old me. However, I haven’t really thought about the expanding folder in my basement of old school projects that I was particularly proud of at the time. 🤦🏻‍♀️🤣

Too bad weather is starting to get nicer! Chances are low that I’ll get to this until winter…

GOOD READS

If you are looking for a good read for this long weekend, I’ll be reading Hello Beautiful. It’s interesting so far. Next on my list is We Should Not Be Friends. It was highly recommended by a friend. Let me know if you have any good book recommendations!

Happy Summer!

Disclosures: 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

5/26/2023

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