Naive and Sophisticated Economics

Imagine a financial planner who tricked his or her clients into behaviors that were against their long-term best interests, encouraging them to spend, when years of overspending had left them in perilous financial shape, and scheming to have them sell their safe, conservative assets and instead, have them invest their funds in unsuitable risky assets. Furthermore, what if […]

Backpacking Lite: The Secret To Real Wealth

Last week I was asked why, as a financial planner, I am writing about everything from happiness and parenting to dying and character development. The clue is in the subtitle of the blog, “Financial, economic and wealth related issues in the broadest sense of the word.” The origin of the word “wealth” is the old English word […]

Planning or Scamming?

As a long-time financial planner I know how hard it is to do good planning work for individuals and couples.  Such planning requires, among other things, meticulous attention to detail, an effective process to elicit the values behind the numbers and a constant review of assumptions and goals over time to make sure the client […]