A Little Margin Goes a Long Way

Margin is that space between your normal and your maximum capacity.  It’s that cushion in your life between your everyday responsibilities and your absolute limits.  It’s that Saturday morning when you sleep in, or your 35-minute daily workout, or your few minutes alone with your cup of coffee in the morning before your kids wake up.  Tapping into that margin when needed is fine (and inevitable), but the closer to your limits you live, the bigger the risk of hitting a breaking point. This applies to time, career, and of course money.

The Essentials of Everyday Estate Planning

A secret last will and testament, a fifteen-year fight to remove a comatose woman’s feeding tube, a last-minute model wife who sues for the late billionaire’s estate — this is the stuff of John Grisham novels, Supreme Court cases, and Us Weekly. For the rest of us, estate planning may be less dramatic (hopefully), but it remains an essential piece of ordering your financial world.

Willpower versus Healthy Habits

This month saw the passing of psychologist Walter Mischel, best known for his famed “marshmallow experiment” on delayed gratification. The marshmallow experiment became a symbol of the power of delayed gratification for life success. What does this mean for your finances?  For starters, don’t rely on willpower for achieving your money goals. Instead spend that energy reshaping a single healthier habit next month.