Facing retirement with faith

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Successful, long-term investing requires a set of characteristics that is uncommon among many of today’s investors. Without these, many are relegated to sub-par long-term investment performance. The first of these is a conviction in the future. It is extraordinarily difficult to be a successful investor if one is timid and apprehensive of the future. The […]

Simple, consistent, and now

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Do this, don’t do that. How much simpler can these instructions be? In order to achieve a specific outcome, you must do certain things in a certain order. It’s like building a home without architectural blueprints. You are not going to get a truckload of lumber delivered to your home until you have a specific […]

Put your ego away

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By all outward appearances, Jack and Cheryl were living the life reserved for the wealthiest people in the country. Jack was a consultant in government contracting earning a little more than $450,000 a year, yet he lived a million dollar lifestyle. There was a new Mercedes-Benz in the driveway next to a Harley-Davidson motorcycle. In […]

I’ve seen millionnaires made and broken

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When my friend Dennis said this, I thought, “me too.” How many times during my 30-plus year career in personal finance have I seen millionaires and multi-millionaires spend down their wealth? The number is both sad and shocking – people who should have known better, caught up in a frenzy of continuous spending. I frequently […]