Monthly Archives

July 2017

Being impulsive with financial decisions can cost you.

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Ever notice how much human beings act on impulse? Advertising companies sure do! So do car dealerships, banks and your local gym. Every time you go to the checkout counter at a grocery store, the strategically-placed candy bars and tabloid magazines are practically crying out: “Buy me!”…even though, five minutes before, you neither needed nor wanted them.

Pay attention the next time you watch television, or go to a store, or even open your mail. Entire industries are built on capturing the human impulse. Most of the time these impulses are harmless enough, but the worst of them can have serious consequences. In fact, one of the greatest dangers to our financial health is the fact that we don’t always think before we act. We don’t look before we leap. And we give up things we want most for the things we only want right now.

Not surprisingly, our best defense against these dangerous impulses is simple common sense. Whenever I need to renew my stock of common sense, I turn to the legendary Aesop who explained common sense in his fable, The Fox and the Goat: Read More

A Note on Independence Day

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On July 3rd, 1776, John Adams sent a now-famous letter to his wife, Abigail, describing what he thought the future of Independence Day would look like:

I am apt to believe that it will be celebrated by succeeding generations, as the great anniversary festival. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires, and illuminations from one end of this continent to the other from this time forward forever more.

As we know, Adams’ prophecy came true. Independence Day is indeed celebrated with “pomp and parade.” From the fantastic firework displays to the patriotic music, the 4th of July has become a grand celebration like no other.

I think one of the things I like most about Independence Day is that it makes me feel a connection with those first Americans who lived and died so long ago. It’s comforting to know that the feelings of patriotism and pride I feel are exactly what they felt.

Here’s an example of one of the earliest Independence Day celebrations that took place in Philadelphia back in 1777: Read More