Author - Holly P. Thomas, MBA, CFP®

1
Gaining Wealth and Losing Weight
2
At What Tipping Point Does Less Become More?
3
Nudging Time And Money
4
It Won’t Happen To Me
5
Why Money Can’t Solve Your Problems

Gaining Wealth and Losing Weight

Behavior change is a funny thing. We can tell ourselves we want to change, even that we have changed, and yet still continue the same behaviors. It only takes a moment to make a choice that runs counter to our intentions, and then we have regret, or guilt, which doesn’t tend to help us make better choices next time. I think that because we have good intentions more of the time than we make bad choices, we can sometimes delude ourselves into believing we have been “good,” when we really have been quite bad.

For several years I was a …

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At What Tipping Point Does Less Become More?

A reader recently discovered a terrific online financial resource – http://www.mrmoneymustache.com. Mr. Money Mustache controverts conventional thinking (or rather, lack of it) about spending and saving. The co-authors, husband and wife, reached financial independence at the age of 30 by saving aggressively in their 20s. They are raising their kids and spending time as and where they wish. They are by no means “deprived.”

Of course, “deprived” is a self-determined definition. Related to our self-definition of “deprived” is our self-definition of “enough.” What is enough for some might be deprived for others. What is enough at one point in …

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Nudging Time And Money

Many people have a spare change jar, where they accumulate change until the jar fills and then take it to the bank or change machine to turn into bills. For them, this works as a kind of forced savings. Banks’ keep-the-change programs, where debit charges and checks are rounded up to the nearest dollar and the difference is transferred to a savings account, are based on the concept that saving in small increments adds up to big balances over time.

Ricardo Young, a 55 year old assistant grocery store manager I met recently, found the jar works better than a …

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It Won’t Happen To Me

Optimism bias. I would not label myself as “optimistic.” But I am not pessimistic, either. To me, “optimism” conjures up the chorus from the R.E.M. song: “Shiny, happy people holding hands.” Not the image of how I approach life. No, I do not believe things will get better and better, but I do not believe they will get worse and worse. I believe, like most human beings, that they will stay the same. This is one version of what behavior experts call “optimism bias.”

If it was sunny yesterday, it will be sunny today. If I am healthy today, I …

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Why Money Can’t Solve Your Problems

“I don’t know who I am or what I want. I just know I want to make more money and then I’ll figure it out and be happy.”  Ever felt this way?  At one time in my life, I sure did.

If you are reading this, most likely, you have a full tummy most of the time, shoes to protect your feet, a closet full of clothes, and an apartment or a house to keep you dry and comfy.   You were taught to read.  You have several years, maybe close to two decades, of education.  You may have participated in …

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