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How Parents Can Be Generous Without Turning Children Into Entitled Little Terrors By Veronica Dagher You want to give your children everything. But sometimes you can go too far and create a spoiled, entitled brat. The consequences can be severe: In addition to acting like whiny complainers now, spoiled children are more likely to grow […]

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By Barbara Mannino For many people, their 401(k) account holds most of their wealth—but that doesn’t mean it should be considered a revenue source. Borrowing from your 401(k) to pay off high interest-rate, credit-card debt may seem like a good idea. But it turns out, many workers who went this route now have borrowers’ regret. […]

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By Jackie Cameron We are constantly told to budget wisely, save instead of spend and work on an investment strategy. Many of us don’t do this – even though we are warned we are heading for dire straits if we don’t. Organisations like the Association for Savings & Investment South Africa pour huge amounts of […]

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By Antonia Massa You’ve had it with your job. You’re ready for a more fulfilling career. Now the hard part: Telling your spouse that you’ll have to live on less. Here’s what to say. You’re ready to quit your miserable job and do something that you know will make you happier. But there’s a catch. […]

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By Jane Bianchi This post originally appeared on LearnVest. As Alfredo A. Lopez, 31, approached his first anniversary, he noticed that he and his new wife, Edith, also 31, were spending more than he was comfortable with each month. In an effort to gently address the problem, Alfredo decided to bring up the tricky topic […]

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By Molly Triffin This post originally appeared on LearnVest. When Bianca Osbourne* went away to college, she had a lot of new experiences to acclimate to: living on her own, exploring a new city … and opening up her first credit card. As soon as she turned 18, she was inundated with card offers and […]

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Financial Times: “How to Handle a Rich Underling”

Published on 08 June 2014 by | Category: News, Updates

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By Rhymer Rigby The cultural stereotype of someone who works but does not need their salary is an entitled playboy wastrel. However the independently wealthy range from those who inherit their money to those on second careers to those who are not rich but live very frugally. Given that the need to earn a living […]

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By Murray Coleman When a client couple with hundreds of thousands of dollars sitting in cash balked at buying a much-needed new house, advisor Karen Ramsey turned her traditional script on its head. Instead of talking in terms of investment opportunities, she steered the conversation toward how each client had grown up. It turned out […]

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By Liz Weston The problem with a lot of financial advice is that it assumes that once you know the right thing to do, you’ll do it. It can seem as if the people giving the advice had never met an actual human being. Because humans have a whole host of deep-seated beliefs, biases and […]

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By Molly Triffin When Feelings Take Over No matter how sensible with money you usually are, there are times when your budget is at risk of getting hijacked. “Emotionally charged circumstances make us prone to overspending,” says financial psychologist Brad Klontz, managing partner at Occidental Asset Management. “If we’re rationally challenged, we’re financially challenged.” Continue […]

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