Learning to be gritty

April is National Financial Literacy Month, so I’ve been reading stories of everyday people working through money struggles. My favorite read this month has been Make Your Kid A Money Genius (Even If You’re Not) by Beth Kobliner. The ability to stick with it and persevere matters more than your IQ and educational background. Studies show that grit leads to a more satisfied life, as well as higher income and net worth. And here’s the best part: grit can be learned, both by kids and adults.

Is your investing plan boring enough?

Ten years ago, Warren Buffett bet $1 million that a passive index fund would outperform a basket of actively-managed hedge funds selected by his counterpart in the wager.  Buffett was right.  Boring doesn’t mean mindless.  Be thoughtful about where you hold your accounts, what you invest in, who you receive advice from, and how much risk you’re willing to take.

Best of 2017: Book Recommendations

Bill Gates reads 50 books a year. Warren Buffett reads 500 pages a day. Unsurprisingly, studies show a correlation between voracious reading and success. While I’m not quite at the pace of Gates or Buffett (though listening to audiobooks at 2x certainly helps), this year I did read about a dozen books on personal finance and healthy habits. Two stand out as must-reads for just about everyone, regardless of season of life or level of income, to transform the way you view, use and enjoy your wealth.