Planning Encyclopedia

These good times are here to stay, right?

“Some people will look at past performance and extrapolate what has happened out into the future. They think the recent trend of good performance will continue without interruption, and they jump in because they want a piece of the action too. But trends don’t last forever. Just because an investment has already appreciated is no…

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Also posted in All Columns, Retirement Planning, Risk Management |

The magic of goal setting

“Just writing your goals down and then somehow reaching them may seem like magic, but it makes sense when we think it through. To focus our attention and our actions on living with purpose should increase our odds of success over the randomness of an unplanned life. It has been said that a goal without…

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Also posted in All Columns, Smart Money Blog |

Where do you get your information?

“Have you ever had a conversation with someone who was totally convinced of something that you know to be false? I am not referring to legitimate difference of opinion. Rather, something more along the lines of you are a mathematician, and someone is trying to tell you that 2 plus 2 equals 5.” Smart Money…

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Also posted in All Columns |

How to use a net worth statement

“In our daily routines it can be easy to overlook all the incremental bits of progress that happen. Sometimes it feels like we are working hard and still not getting anywhere. But when you look back to where you were last year and the year before, now you can start to see the progress: the…

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Also posted in Money Management |

If I was Prime Minister

“It’s election time, and the political promises are thick. This has me thinking what I would do if I was the Prime Minister. Bearing in mind that I am not running for office, and I am not letting pragmatism get in the way of this column, including costing any of this out. I am not…

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Also posted in All Columns |

What does a financial planner do?

“I get it that financial planning might seem dull and unexciting to some. And I am not saying that you need to care about my own financial planning practice. But you should care about your own financial planning. Part of the issue is that a lot of people don’t really know what a financial planner…

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Also posted in All Columns |

Paralysis by analysis

“It is the decision and commitment to start planning for the future that matters. The two bucks a month price difference is merely optimizing that decision. If you are prone to paralysis by analysis, then it might be time to stop overanalyzing two-dollar decisions and just get started.” Brad Brain_ Paralysis by analysis – Alaska…

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Also posted in All Columns |

Financial literacy resources

“To be clear, my perspective on the value of professional financial advice is unwavering. But, for whatever reason, sometimes people are looking for other options. And there is nothing intrinsically wrong with that. If we were all the same then Ben and Jerry’s wouldn’t need to offer 60 flavours of ice cream.” Brad Brain_ Financial…

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Also posted in All Columns |

It Ain’t What You Don’t Know

When it comes to personal finances there is a little more to it than simply we don’t know what we don’t know. As Mark Twain supposedly said, “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” Brad Brain_ It ain’t what you don’t…

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Also posted in All Columns, Money Management |
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