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By Kristin Wong Investing isn’t as complicated as it seems. But getting started can be really overwhelming, even when you know the basic rules. To make it less scary, try a mock portfolio before diving into the real thing. Over at LearnVest, financial advisor Brad Klontz says a mock investment portfolio can help people ease […]

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Wall Street Journal: The Financial Problems in Your Head

Published on 24 January 2015 by | Category: News, Updates

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Psychology Explains Why Many People Mismanage Money By Veronica Dagher If you think you’re making the best possible decisions with your money, think again. We all like to regard ourselves as rational spenders and investors, optimizing the use of our hard-earned money. But in fact, say psychologists and financial advisers, most people are generally in […]

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By Kristin Wong , Gawker Media Dear Two Cents, I’m debt-free and follow a strict budget. My wife has student loan debt, earns less than I do, and tends to be spendier. I’d like to combine finances and manage our money together, but I think I have to address our differences. How can I bring this […]

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Farnoosh Torabi Overdid it on spending? Stop pointing fingers at each other and start taking action jointly. For Michelle Argento and Brendan Diamond, bickering over holiday spending usually kicks off as soon as the Christmas tree goes up and lasts until they pay off their credit card bill in February. While she’s a self-described “giver,” […]

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Deborah Sutton, Deseret News Modified: December 30, 2014 at 4:07 pm Published: January 1, 2015 A budget is much more effective if you include a savings plan for fun things. It gives you motivation to stick to a budget and give you something to look forward to throughout the year. Collette Zeller and her husband […]

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Dec 25th 2014 6:00AM By Natasha Burton Many of us are like kids when it comes to squirreling away for retirement. Our more short-term money needs — like that new car we’ve been eyeing — tend to take precedence over long-term saving, causing us to miss out on the benefits of compound growth. The secret […]

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US News: 5 Signs Your Financial Advisor Is Not a Good Match

Published on 24 December 2014 by | Category: News, Updates

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By Joanne Cleaver Dec. 24, 2014 | 9:00 a.m. EST Do you and your advisor belong together? Here are some red flags that signal it’s not meant to be. You play golf with your financial advisor. You get invitations to attend local concerts as his guest. Your sister’s husband thinks he’s a great guy. And […]

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Money Sense: How to stop fighting over money

Published on 18 December 2014 by | Category: News, Updates

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by David Hodges December 18th, 2014 Fights about money are the leading cause of divorce—but money often isn’t the real problem. These four steps can help you get past the squabbles and achieve a healthy, financially successful relationship It took a heated argument over a $2 Vietnamese spring roll for Elizabeth Bain to realize that […]

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The Psychology of Wealth: Psychological Factors Associated with High Income by Bradley T. Klontz, Psy.D., CFP®; Martin C. Seay, Ph.D., CFP®; Paul Sullivan; and Anthony Canale, CFP® Using a sample of financial planning clients, this paper investigated the financial psychology of high earners. For this study, high income was defined as individuals in the top […]

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New Book: “Financial Therapy: Theory, Research & Practice”

Published on 12 December 2014 by | Category: News, Other

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Financial Therapy is the first full-length guide to the field, bridging theory, practical methods, and a growing cross-disciplinary evidence base to create a framework for improving this crucial aspect of clients’ lives. Its contributors identify money-based disorders such as compulsive buying, financial hoarding, and workaholism, and analyze typical early experiences and the resulting mental constructs […]

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