4 Dumb Things I Did That Made Me Poorer
Financially speaking we all have made mistakes. Even me! I made some whoppers. I’m still human, and from time to time react with emotion instead of logic regarding my favorite green paper. I’m going to share four of those whopper... Read More →
Why Investors Do The Crazy Things They Do – Concept 2 Mental Accounting
In my last article I discussed a concept called behavioral finance. It’s a relatively new field that tries to combine behavioral psychology theory and economics and finance to explain why people make irrational financial decisions. In the last article we discussed Anchoring. A tendency to... Read More →
Financially Speaking…Stupid Should Hurt
As a financial advisor I see stupid financial decisions every day. I’ve watched helplessly after advising clients not to do something, the results of ignoring that advice. It’s painful. Stupidity should be painful. Maybe I’m being a little cruel using... Read More →
April is Financial Literacy Month – Expect The Unexpected
In previous articles we’ve covered, Committing to Change, Clearing Out The Financial Clutter, Reduced Debt, designated a Family CFO, and set goals and priorities. Now we’re going to deal with the unexpected. You know the stuff that always happens when... Read More →
Book Review: The Money Book
I’m celebrating my 10th anniversary of the founding of Lexington Wealth Management in May! As a self-employed person, I’m always looking for ways to make my life easier or show me ways to do things a little better. Self-employed people... Read More →
I Built An Emergency Fund-Now What?
Building an emergency fund can sometimes take years. There are so many things you would like to spend the money on and it never seems to take shape. However, you buckled down and now you have that spare change for... Read More →
The Difference Between Saving & Investing
In my wealth management practice I have come across many different types of clients. Some are savers and some are investors. It’s not that one is necessarily better than the other, just different. However, sometimes investors take on a saving mentality... Read More →