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Using The Money Management Tool: Setting a Budget

by Michael Lecours | Jun 25, 2016 | Cash, Finding Confidence, Investment Behavior, Personal Development, Saving, Saving for College, Uncategorized

Recently we introduced The Money Management Tool to help clients better organize their financial lives. The tool has lots of features and we will occasional explain how some of the features are being used by our clients (or should be used) to help them reach their...

Using The Money Management Tool: Connecting Accounts

by Michael Lecours | Jun 24, 2016 | Investment Behavior, Investment Strategies, Personal Development, Rule of Thumb, Uncategorized

Recently we introduced The Money Management Tool to help clients better organize their financial lives. The tool has lots of features and we will occasional explain how some of the features are being used by our clients (or should be used) to help them reach their...

The Relationship Between Happiness and Income Is Being Turned Upside Down

by Michael Lecours | Jun 22, 2016 | Economy, Finding Confidence, Personal Development, Uncategorized

New research on the relationship between happiness and income is changing the rule of thumb. For years, it has been touted that an annual income of $75,000 is ideal and earning more than that results in a diminishing return of happiness. Contrary to the old rule of...

Is Retirement Savings Being Crowded Out by Student Debt?

by Michael Lecours | Jun 21, 2016 | Finding Confidence, Investment Behavior, Saving for College, Student Loans, Uncategorized

A recent study conducted by HelloWallet suggests that a dollar of student loan debt is associated with a 35-cent decrease in retirement account balances! That means, investors with lots of student loans are unable to save as much for retirement. This is a big problem...

Do It Yourself Investors May Be Hurting Themselves Without Knowing It

by Michael Lecours | Jun 10, 2016 | Investment Behavior, Rule of Thumb, Uncategorized

The last time I changed the oil on my car, I inadvertently drained the power steering fluid thinking it was engine oil.  Then I added engine oil and thought I was all set.  I proceeded to drive a car around town with no steering fluid and twice as much engine oil as I...
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