The Struggle to Define What We Truly Need

(from Carl Richard’s New York Times’ Bucks blog, 10/17/2011 – click here for the original post. Carl is a Certified Financial Planner in Park City, Utah. His sketches are archived on the Bucks blog and on his personal Web site, www.BehaviorGap.com.)
There seems to be a constant battle between what we have, what we need and what we think we want. About a year after my wife and I had our first child, we moved into a neighborhood with homes built decades earlier. Each had two or three bedrooms. We soon noticed that… [read more]
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Teach Your Children

I attended Homecoming at my alma mater, the University of Cincinnati, this weekend. In the first twenty years after graduating, my only association with the school was through the support of their basketball and football programs. Last year, I reconnected with one of my professors and have become more actively involved by being a guest speaker in the classroom and joining the Foundation’s Planned Giving Committee and the Economic Center’s Financial Education Initiative Committee. Through each relationship, I am gaining insight into how children continue to be woefully unprepared for their financial future. Many of… [read more]
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The Benefit of Perspective

It’s official. I’m getting older.
I blew my right knee out 2 weeks ago at the gym and have to have surgery to repair it, and I‘ve caught myself saying things like ‘back when we were kids….’
But there’s an upside to getting older too. My husband and I enjoy our adult kids, and our second grandson is due any day now. I love my job. Life is good.
Getting older has also given me the perspective to deal with the financial environment we’ve been experiencing since 2007, and the daily gyrations of the market… [read more]
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More & More “Stuff”

The response received from our recent blog on how to handle personal property in dealing with estate planning was an eye opener.  From precious heirlooms to misperceptions about what’s trash and what isn’t, it’s clear that from aging parents to siblings to what to hand down to our own children, this issue seems to invade almost all of our lives in one form or another.   
At the risk of staying on my soapbox about our unhealthy relationship with “stuff” a bit too long, I’ve decided to continue down the road with this topic, focusing on [read more]
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