by Doug Goldstein CFP® | Dec 15, 2014 | Chess Strategies, Strategic Thinking
“Let’s play him,” my teenage daughter said to me this summer as we walked through New York’s Washington Square Park, where the chess sharks seek unsuspecting prey. I negotiated the terms of the engagement with the 20-year chess veteran and then gave him a bit of a... Click for more
by Doug Goldstein CFP® | Dec 10, 2014 | Chess, Financial Strategies
When Susan Polgar and I first began working on our book, I asked her what was one of the biggest financial problems that chess professionals have. She told me that the volatile nature of the income stream for someone playing tournament chess, teaching chess, or... Click for more
by Doug Goldstein CFP® | Dec 8, 2014 | Financial Plan, Financial Strategies
Financial Guru Dave Ramsey’s Baby Steps to financial freedom have a huge emphasis on savings: first building an emergency fund, then retirement savings, college savings, etc. It may seem as if there is no end to the amount of savings someone needs. But eventually, one... Click for more
by Doug Goldstein CFP® | Dec 3, 2014 | Behavior finance, Financial Strategies
Dave Ramsey’s ‘Debt Snowball’ hits the target Being in debt is rarely a good idea, and even if you have just a limited number of obligations, it’s wise to start paying them off before they snowball out of control. The debt snowball Dave Ramsey, one of the most... Click for more
by Doug Goldstein CFP® | Dec 1, 2014 | Chess Strategies, Financial Plan
An emergency fund is one of the most important strategies that any investor needs. As financial guru Dave Ramsey writes in his Seven Baby Steps for Getting Out of Debt, an emergency fund is necessary for “those unexpected events in life that you can’t plan for.”... Click for more
