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What
I Learned from Ebenezer Scrooge |
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‘It’s not
about the money’ are words most people would not expect to
hear from their financial planner. But if you were sitting
across from Rick Kahler, a CERTIFIED FINANCIAL PLANNER™
professional based in Rapid City, South Dakota, chances are
that those are exactly the words he would say at some point
during the conversation. That’s not because Kahler thinks
money is irrelevant. Far from it. It’s because he’s
convinced that many financial problems have more to do with
our unconscious beliefs and attitudes about money than with
our bank accounts or credit card companies. “It’s the
relationship you have with money that is the key,” he says.
Together with co-authors Ted and Brad Klontz, he’s written a
book that takes one of the most notorious misers in literary
history, Ebenezer Scrooge, as a model for how to uncover and
change problematic beliefs about money. Read
the complete article
from best-selling author James Geary.
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Don't
Gamble With Your Future: How Monte Carlo Simulations Can Help
in Retirement Planning |
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Here’s a pop
quiz. Imagine you walk into a financial planner’s office and
the planner says she would like to run a Monte Carlo
simulation on your money—say, the savings and investments
you plan to retire on. Do you: A) Suggest the planner contact
Gamblers Anonymous? B) Call the police to report a robbery in
progress? C) Exit the office as quickly as possible? Or D)
Tell her exactly what your assets are and let her spin the big
wheel? Strange as it may seem, the correct answer is D. Monte
Carlo simulations are one of the best tools financial planners
have to help people determine whether their retirement nest
eggs are likely to last for the duration of their retirement. Read
more about Monte Carlo simulations.
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Reader
Survey |
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CFP Board
published the first “It’s Your Turn” eNewsletter in
October 2003 in an effort to provide information to people
interested in learning more about financial planning.
Subscribing to the eNewsletter is simple - all we ask for is
an e-mail address.
As the eNewsletter has reached its third anniversary,
we’d like to learn more about you. Who are you? What are
your interests? What ideas do you have about how we can
improve the eNewsletter? To answer those questions, we’ve
put together a reader survey so you can let us know how
we’re doing and what we can do to make the eNewsletter
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and hope that those of you who haven’t will take the
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The survey is available here
and should take no more than 5 minutes to complete.
We hope CFP Board’s eNewsletter is something you look
forward to reading, and your responses to our survey will help
us make it just that.
Take
Our Survey
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Resources
on CFP.net |
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There are many
resources on the Internet with helpful and interesting
information that can help you improve your financial
situation. From the Web sites of government agencies that
regulate financial planners and financial service providers to
the Web sites of consumer protection groups and financial
educators – there is an abundance of material available for
people who want to increase their financial literacy.
CFP Board has updated its list of online resources to
provide you with more detailed information about the
organizations and Web sites that may have resources of
interest to you. Check
out the updated resource information.
If you come across a Web site not on our list that you
believe would be helpful to others looking for financial
education resources, we hope you’ll drop
us a line and provide
us your suggestion.
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About
This eNewsletter |
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You
are receiving this e-mail because you subscribed to CFP Board's
eNewsletter. Periodically, CFP Board will e-mail you "It's Your
Turn," which includes information about financial planning,
consumer alerts, financial planning tools and resources and much
more. Suggestions and feedback are welcome at
mail@CFP-Board.org.
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