Good Financial Reads: Behavioral Finance

Behavioral Finance

FOMO (Fear of Missing Out) is a No-No

by Arnie Cabiles, Achievable Wealth

“One thing my pop always told me is you never count another man’s money. It’s what you’ve got and how you take care of it.” – Stephen Curry, NBA MVP

Does this sound familiar? Friends chat about the local happenings at a coffee shop, until someone blurts out, “I got a 30% return on my retirement account last year.” Huh? You thought your 18% return was great as you’re now a little ahead of plan towards retirement. All of a sudden, you’re questioning your investment strategy, your advisor, perhaps the people that run your 401(k), the mutual fund company, what have you. Your gut’s turning because your friend is getting richer than you.

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The Defendable "Yes"

by Kyle Mast, Clarity Financial

This has been a struggle for me to put it mildly.  I am far better than I used to be, but far from where I would like to be.

As life goes on you will find that there are more and more good opportunities, enjoyable activities, and important responsibilities that will come into your life.  It is so easy to simply say “Yes!  Absolutely!” when a good opportunity comes along.   

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A Framework for Living: Build Your Own Well-Rounded Success Model

by Dan Andrews, Well-Rounded Success

Build your own Well-Rounded Success model to give you a framework for living!

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Planning for the Certainty of Uncertainty

by Levi Sanchez, Millennial Wealth, LLC

Life is full of uncertain experiences, events, and outcomes. It’s what makes life interesting, fulfilling, and fun. That to a certain extent we’re uncertain what our future holds. We can only do so much to further our careers, protect our loved ones, or advance our knowledge. In the end, there will always be a degree of uncertainty in our lives and understanding. The certainty of uncertainty in behavioral financial advice helps us plan for and therefore mitigate the risks these present in order to protect what we value to the best of our ability. 

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Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.

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