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Mind and Money

Stock Market Crash and What to Do Now – Thoughts from Across the Web

Stock Market Crash and What to Do Now – Thoughts from Across the Web

By in Investing, Links, Mind and Money, Money Management | 0 comments

A Stock Market Crash Isn’t the End of the World – It’s a Good Thing Investors across the globe are trying to make sense of the recent stock market crash. While talking with my aunt on the phone, even my uncle was busy checking his investments. If you went online to check your portfolio balance on Monday, February 5th you might have experienced delays getting to your investment account. Vanguard, the enormous investment company, locked investors out of their accounts due to the sites volume. The trading programs were so busy, retail investors had little chance of buying, selling...

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5 Simple Tips  For a Wealthy Life – How to Live a Rich Life, Without Lots of Money

5 Simple Tips For a Wealthy Life – How to Live a Rich Life, Without Lots of Money

By in Mind and Money, Tips, Wealth | 28 comments

Wealth Tips Aren’t Always About Money Do you regularly feel worried and stressed? Does depression visit more than you’d like to admit? Do you envy those around you and think they have more than you do? There’s a free solution to this modern day malaise. According to Andrew Weil, MD, author of SpontaneousHappiness, certain of modern life create disharmony and depression. Weil posits that we weren’t designed for a modern, sedentary, internet surfing, TV watching, processed food eating life. And this contemporary lifestyle causes higher levels of depression in industrialized nations. According to Weil, the hard working Amish, who...

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How to Buy Low and Sell High; Dollar Cost Averaging Tutorial

How to Buy Low and Sell High; Dollar Cost Averaging Tutorial

By in Asset Allocation, Automatic Saving, Investing, Mind and Money | 8 comments

Part 5: Best Investing Method Series-How to Buy Low and Sell High “All of us would be better investors if we just made fewer decisions.” Daniel Kahneman ~brainyquote.com Welcome to Part 5, the final article in the Best Investing Method Series. The goal of this series is to show how to invest – simply. Setting up a lazy portfolio of index funds from diverse asset classes is the closest approach you have to a “sure thing”. Not because you will never lose money, everyone loses money once in awhile, but because you will minimize losses and maximize gains. Learn dollar...

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What the Opera Carmen Teaches About Investing and Behavioral Biases

What the Opera Carmen Teaches About Investing and Behavioral Biases

By in Advanced Investing, Guest Post, Mind and Money | 0 comments

I received a message in my inbox from Mitzi Perdue, author of How to Make Your Business Last, the widow of Frank Perdue and daughter of Ernest Henderson, co-founder of the Sheraton Hotel Chain. She wanted to share this story. Her tale is inspired by legendary hedge-fund Manager Roy Niederhoffer’s analysis of the opera Carmen and it’s lessons for investors. She synthesizes an analysis of Carmen, the opera written by George Bizet, and describes its behavioral economics and investing lessons.  Even the smartest most sophisticated investors are sometimes swayed by their hearts. By, Mitzi Perdue What’s Really Going on with the...

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Get Wealthy by Giving

Get Wealthy by Giving

By in Guest Post, Mind and Money, Personal Finance, Tips, Wealth | 3 comments

Get Wealthy-Beyond Money “Be thankful for what you have; you’ll end up having more. If you concentrate on what you don’t have, you will never, ever have enough.” Oprah Winfrey from Brainyquote.com In my youth, whenever something bad happened, my mom and dad said, “Well, it could be worse”. I’ve grown accustomed to training myself to jot down things I’m grateful for every day. Searching for a beautiful nugget in the worst situation can tweak your focus from what you lack to the abundance in your life.  Wealth is an attitude, not a dollar amount. Mom’s Get Wealthy by...

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Go Beyond Keeping Up With the Jones’ – Change Your Peception, Change Your Net Worth

Go Beyond Keeping Up With the Jones’ – Change Your Peception, Change Your Net Worth

By in Mind and Money, Money Management, Wealth | 22 comments

If you keep up with the Jones you’re destined for a bleak financial future. I’m intrigued by the magazine articles that specify how to get a designer look on a budget. But there is a fallacy with these articles and I’ll tell you why. Keep up with the Jones – Hi versus Low The premise is that a designer spent $40,000.00 designing this room, and you can get an approximate look for $9,000.00. Think about it for a moment. Do you think $9,000.00 on furnishings and decoration for one room is an affordable price? Who are they writing for?...

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