This piece on goal-setting (reprinted with permission from Money Quotient) is one that I share with my clients during the initial stages of our Financial Life Planning ® goal-setting process. The article offers “7 Tips” for setting effective goals – insights that can help you laser-focus on the right goals for you. (more…)
Although a number of studies have focused on the effect of income on happiness, Elizabeth Dunn, a social psychologist at the University of British Columbia, also wanted to understand the effect of spending choices on happiness.
For example, previous research clearly demonstrated that income has a predictably positive effect on level of happiness, but these levels remain flat over time even as income increases. This finding puzzled Dunn and she wanted to find out why happiness did not increase along with income. (more…)
As I mentioned in a recent post, Are SMART Goals Wise? certain types of goal setting may actually be limiting rather than liberating. The principle of SMART goal setting is that your goals must be Specific, Measurable, Attainable, Realistic, and Tangible. I believe that while these types of goals can be helpful in some situations, they can pull us back into the frame of measurement and competitiveness, shutting down creativity and vision.
“The only purpose of having goals is to make your eyes shine!” ~ Benjamin Zander (more…)
If your “to-do” pile contains a bulging file of paperwork for your tax return, you have plenty of company. The months leading up to April 15 are when everyone gathers and reviews their W-2 forms, investment statements and donation receipts.
The first few months the year—when your finances are front and center—is the perfect opportunity to start (or continue) building financial security. There’s nothing more powerful and comforting than feeling confident about your financial future. (more…)
By: Vidhya Babu
Estate planning is important. Many of us have assets we want to pass along to our loved ones, easily. Many wish to leave their estate equally to their children. Perhaps they do this to be fair or they believe an equal distribution will circumvent a fight. Assets like financial accounts are easy to divide. But what about the other assets and the “stuff”? (more…)