by Doug Goldstein CFP® | Aug 13, 2014 | Behavior finance, Strategic Thinking
The fear of losing, known as “loss aversion,” trumps the joy of winning in most situations, and this imbalance frequently causes people to make poor choices. Going for the least-chance-of-defeat decision may at first glance seem wise, but this strategy certainly won’t... Click for more
by Doug Goldstein CFP® | Aug 11, 2014 | Financial Plan, Financial Strategies, Strategic Thinking
Chess is a game of strategy, and part of strategic thinking is figuring out what your opponent will do. Often, you may mistakenly assume that your opponent thinks the way you do. However, for all you know, your opponent is thinking of something completely different... Click for more
by Doug Goldstein CFP® | Aug 6, 2014 | Inspirational Quotes
As you set the parameters for your financial plan, be honest with yourself about how much risk you can comfortably stand. Taken from Chapter 3, “The Plan to Get Rich,” in Rich As A... Click for more
by Doug Goldstein CFP® | Aug 4, 2014 | Inspirational Quotes
Although you cannot influence many events, you can control enough of them to prepare a more comfortable future for yourself and your family. Taken from Chapter 3, “The Plan to Get Rich,” in Rich As A... Click for more
