Wisdom on Wealth Columns

In Golf (and Finance), the Swing’s the Thing

This weekend, golf fans everywhere are watching The Masters. The world’s best players—legends like Tiger Woods and Dustin Johnson, as well as younger pros like my man, hometown hero Sam Burns—are showcasing their flawless golf swings. (They make it look so easy, don’t they?) In between all the jaw-dropping shots, golf fans will also “ooh” …

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Are You Betting Against the Odds?

Each year the college basketball season concludes with a tournament known as “March Madness.”  Part of the appeal is that there’s often a team from a small school that gets on a roll and beats several heavily favored opponents. Fans love these David vs. Goliath storylines. This year, in the men’s bracket, the unlikely underdog …

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When Investing Feels Like Gambling

“The stock market is like gambling,” someone told me earlier this week. I understand such feelings.  Thanks to inflation, the Russian invasion of Ukraine, and other factors, the markets are more volatile than normal. The S&P 500 is a prime example. It fell 12% earlier this year. It has since recovered about half that year-to-date …

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5 Common Questions About Inflation

If you typed the word “inflation” into your favorite search engine, you’d get over 380 million results.  Whew. That’s a lot of reading. Let me save you time and confusion. Here are short answers to the five most common questions people ask about inflation. 1. What is inflation?  In simple terms, inflation is when our …

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The Benefits of Slowing Down

Can you run as fast today as you could 20 years ago?  Probably not. We get slower the older we get.  And it isn’t just our 40-yard dash time that declines. Our willingness to accept change and tolerate risk both decrease with age.  There are always exceptions. But most folks are far more safety-conscious at …

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Why Would Anyone Want to Get Out of Debt?

Why would anyone want to get out of debt? Think about it. You borrow money. You get to use that money now. Then you get to pay it back slowly, over time. Who wouldn’t want that deal? You might expect a financial planner to say getting out of debt is what everyone should do, ASAP. …

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