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In “The Thin Green Line: The Money Secrets of the Super-Wealthy,” author Paul Sullivan makes a distinction between being rich and being wealthy. Rich people, he explains, have a lot of money. Wealthy people have the security that comes with knowing how to manage however much money they do have, so they will still be […]

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By Dan Mathews My dad is the ultimate haggler. When I was growing up we used to buy, sell, and trade albums at local trade shows. For those of you born after 1990, albums are flat objects about the size of steering wheel on which music is recorded and played. Anyway, my dad would haggle […]

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By John Collett Our financial decisions are coloured by emotions, biases and by the people with whom we associate – our peers. Some prefer to live in the moment and not think too much about the future. Some of us make decisions more on “gut feel” than solving problems rationally. Everyone is vulnerable, to a greater […]

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Fortune: 5 surprising habits of the wealthy

Published on 20 March 2015 by | Category: News, Updates

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By Paul Sullivan Dine out less, but indulge your Starbucks coffee addiction. Personal finance advice too often consists of prescriptions. Do this, not that and save the difference for a better financial future. That’s a diet, not a plan. And like diets, this kind of financial advice works great in the beginning but fails when […]

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Farnoosh Torabi, bestselling author of When She Makes More: 10 Rules for Breadwinning Women. Ms. Torabi is a Schreyer Honors Scholar who graduated in 2002 with a B.S. in Finance and International Business If you earn more than your husband, you’re more likely to be the primary decision-maker on money matters and take charge of […]

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2Paragraphs: Why Is Ashley Judd Worried About Money?

Published on 16 March 2015 by | Category: News, Updates

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Just one hour before tweeting a photo of her kissing ESPN March Madness expert commentator Dick Vitale, Hollywood actress Ashley Judd (and #1 famous Kentucky fan) retweeted a doctor. She retweeted Dr. Brad Klontz, a financial psychologist, and associate professor at Kansas State. He’s the co-author of Mind Over Money, Wired For Wealth, and Finanical […]

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NY Times: Stressed by Money? Get on the Couch

Published on 09 February 2015 by | Category: News, Updates

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By Paul Sullivan I felt calm as I sat on a blue couch for my close encounter with the nascent field of financial therapy. I watched as Joel Reimer, a fit, 50-something man in a golf shirt, put sensors on my thumb and fingers. I was in the middle of Kansas, in one of the […]

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By Kevin Noblet Whether it’s the Dow Jones Industrial Average hitting 18,000 or oil prices sliding to $50 a barrel, people get excited by big, round numbers. Too excited, in fact. “What’s the difference between Dow 17,995 and Dow 18,005? Nothing, but it’s the emotional trigger point for people,” says financial psychologist Brad Klontz. Financial advisers […]

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By Anne Kates Smith Among the troubling things that have come to light during the airing of professional football’s dirty, domestic-abuse laundry is this fact: Economic abuse is as much a part of the problem as is physical abuse. And financially speaking, it can be just as bruising. Although money is among the most powerful […]

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By Anna Prior During these times, advisers can demonstrate their value to clients by cutting through their emotions. Near the end of last year, Erik Davidson of Wells Fargo Private Bank was keeping a close eye on the headlines as the Dow Jones Industrial Average was hitting records in its approach to 18,000. “We knew […]

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