Can We Pass the Marshmallow Test?

In the late 1960’s, psychologist Walther Mischel conducted an ingenious experimenttesting the ability of children to delay gratification.  A child was left alone in a room with a marshmallow on the table, and was told if he or she could wait 15 minutes to eat it, they would get a second one as a reward. 
About two-thirds of the kids failed the experiment – but the fascinating part of the study was the follow-up research on the children years later.  The kids who didn’t eat the marshmallow had stayed in college, made more money, [read more]
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Abundance is our Future

This week we turn to TED’s 2012 Conference where Peter Diamandis gave a talk called “Abundance is Our Future”.  Peter looks at the world of information overload, how we’re predisposed to focus on negative news first and how that shapes our view of the substantial problems we face as a society now and in the future. From that somewhat dismal view, he then explains why that is extremely shortsighted and prevents us from seeing the truly extraordinary times we live in and, perhaps more importantly, the even more extraordinary times and unavoidable abundance that are … [read more]
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A Different Angle

My husband, Tom, and I recently updated our estate planning.  I recommend my clients review their documents at least every 5 years or as their circumstances change (marriage, divorce, inheritance, birth or adoption of a child).  This seems to be an item that can easily stay on one’s “to do” list for a year or more.  Many times estate planning is put off because of the decisions which must be made regarding the disposition of your assets after death, choosing who will be your children’s guardians’ or your power of attorney. As Tom and I [read more]
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Playing to Fear, Not the Plan

After combing through what’s become a lengthy “future blog topics” list for this week, I was sidetracked by the recent onslaught of advertising by the world’s largest asset manager, BlackRock.
I don’t have anything against the firm, per se.  They aren’t managing more than $3 trillion just by accident.  It’s just the message behind their most recent ad campaign seems to be a perfect example of what we try to warn against on a regular basis; Wall Street playing to investors’ fears.  Even in a market that has been more positive than most might have [read more]
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