Archive for the ‘investing’ Category

Boomers Willing to Wait to Get What They Want and Say They Need

Tuesday, August 10th, 2010 by editor

The quest for “the good life” continues to drive Baby Boomers to sacrifice today, so that they can enjoy the finer things tomorrow according to a MainStay Investments’ Boomer Retirement Lifestyle Study. A majority (76 percent) of Boomers surveyed say they are willing to spend less now to invest for a more comfortable lifestyle in the future. Read the rest of this entry »

Money Management–What Women Want

Monday, August 2nd, 2010 by editor

The Boston Consulting Group just conducted a study showing women’s discontent with their money management services. The study’s bottom line was such old news, yet there’s a renewed interest in female wealth because women are growing in numbers and wealth. Read the rest of this entry »

Emergency Money Talks

Tuesday, July 20th, 2010 by editor

A Couple’s Guide for Managing Financial Stress While Building and Strengthening Relationship Skills for Financial Success

Emergencies require exceptional skills in coping with financial and emotional conditions deemed out of individual control. Developing healthy coping skills is paramount to managing emergency conditions that could otherwise create havoc for families. Read the rest of this entry »

Is “strategic default” for you? Would you walk away from your home and mortgage responsibilities?

Sunday, June 20th, 2010 by editor

Moral dilemmas are not easy. They make us get in touch with what’s most important to us and how we will make choices based on our values of right and wrong.

As a psychologist specializing in money management, I have worked with children and families on this issue and have been fascinated with how people of all ages justify what they do. The psychologist that is the grandfather of psychological studies on morality and moral judgments is Kohlberg. What he learned over the years is that there are stages of moral development and critical thinking which allow people to make appropriate decisions for themselves, their needs and causes in relation to what’s good and appropriate for society at large. He learned that there were people who made decisions based on the absolute of right and wrong, but many others who used their own barometer of what was right and wrong for them. People will do what they feel they need to do and justify it according to what was most important in their individual situation, but not all. So just like so many other variables in life, we humans differ on the morality scale as well. Read the rest of this entry »

Home Ownership Still Has Emotional Appeal

Tuesday, April 20th, 2010 by admin

Our home is our castle, our core value of security for ourselves and our family. It is a foundation of security and survival—our most basic need fulfilled. It also symbolizes and fulfills a higher need of meaning; i.e. that we have achieved a symbol of success in providing for ourselves and those we love. Read the rest of this entry »