The headlines are blaring, sound clips are plenty and online coverage seems never ending. Amidst all the financial difficulties, someone asked me what new lessons should be learned. I did not have to pause very long.
What do you do with loose change you acquire everyday? Do you drop them into canisters and forget about them? Do you count if you got the right amount in the first place? Do you leave them as a tip, finding them to be too much of a nuisance?
My wife and I work long hours and the kids are growing up with the house help. We have talked about “slowing down” but it really doesn't work. We have also considered the possibility that one of us stop working while the kids are still young.
I have been working for several years now (am 31 years old) but have been jumping from one job to another. As a lawyer, I have recently shifted my career towards working in the financial market. -- Marc
I followed the conventional advice and drew up a plan for my finances years ago. I have stuck to the plan well enough but I do not feel better off today because whatever savings we have doesn't seem enough to beat the higher food prices, higher tuition expenses, higher gas prices etc. etc. - Patricia
After few years of hubby's hard work abroad, we finally have sufficient money to start our dream house. We cannot decide if we are going to hire the labor, hire an architect/engineer, and buy the materials on our own or is it better to hire a hassle-free contractor? -- Joann
We often conclude that liquidity is not an issue for investments that we intend to hold to maturity. However, unless we have the ability to perfectly foretell the future or are well endowed, we really need to pay more attention to liquidity.
We often make the mistake of putting too much emphasis on expected return when we pick among investment options. The reality though is that we do not put enough weight on an investment’s tradeability, which in this market can often be a costly mistake.
