Let Your Money Move to Things You Care About
The strongest foundation for building a successful and satisfying financial life is a clear understanding of what is truly most important to you.
From Jim Williams: AI & ChatGPT
OpenAI's ChatGPT, a free AI platform, has gained much public attention, allowing users to generate human-like text. However, its "predictive" nature can result in the system making up information, which is a significant flaw that makes the system untrustworthy.
4 Ways to Apply the 80/20 Rule to Your Financial Pursuits
The 80/20 rule suggests that 80% of an outcome is the result of 20% of the effort put in. This rule can be applied to personal finance in the following ways.
Back to the Investment Basics Part 5: Patience and Personal Persistence
Investing is personal, and the market is vast and ever-changing. Since there's no way to control this greater force, your approach to investing should be focused on your particulars.
Jim Williams: Water Cooler Talk
Stories of miracle investment recoveries can create unrealistic expectations. Context and perspective are important in both investments and hip surgery recovery to temper day-to-day fluctuations and focus on long-term goals.
Back to the Investment Basics Part 4: The Price You Pay Matters
The stock price you pay does matter, just not in the way many investors may think. By understanding how price-setting works, we can stop trying to game the system while it’s still in play.