Podcasts about humbledollar

Today on the podcast, we welcome back Jonathan Clements. Jonathan was one of our first guests when we launched this podcast, and today marks his third appearance. He's the founder and editor of HumbleDollar, and he has written or edited several books about money and investing, including My Money Journey and How to Think About Money. Earlier in his career, Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper's personal finance columnist and six years at Citigroup, where he was director of financial education for the bank's US Wealth Management arm. This past June, Jonathan shared his devastating recent cancer diagnosis, and he's been writing candidly about the experience on HumbleDollar. We'll link to those posts in the show notes. I wanted to conduct today's interview solo because Jonathan's work has been hugely influential to me personally, and he also wrote the foreword to my forthcoming book. I couldn't be more grateful.BackgroundBioHumbleDollar“Jonathan Clements: ‘It's in Wall Street's Interest to Make Everyday Investors Think That They Are Stupid,'” The Long View podcast, Morningstar.com, July 31, 2019.“Jonathan Clements: ‘Humility Is a Hallmark of People Who Are Financially Successful,'” The Long View podcast, Morningstar.com, Dec. 26, 2023.BooksMy Money Journal: How 30 People Found Financial Freedom—And You Can TooFrom Here to Financial Happiness: Enrich Your Life in Just 77 DaysHow to Think About MoneyArticles“Turned Upside Down,” by Jonathan Clements, humbledollar.com, Oct. 5, 2024.“Never Quite Enough,” by Jonathan Clements, humbledollar.com, Sept. 21, 2024.“Opinion: Living Was Easy. Dying Is Harder,” by Jonathan Clements, washingtonpost.com, Aug. 28, 2024.OtherHow to Retire: 20 Lessons for a Happy, Successful, and Wealthy Retirement, by Christine Benz, Forward by Jonathan ClementsEGFR Exon 20 Insertion Mutation and Lung Cancer“FDA Approves Amivantamab-vmjw for EGFR Exon 20 Insertion-Mutated Non-Small Cell Lung Cancer Indications,” fda.gov, March 1, 2024.“Jonathan Guyton: What the Crisis Means for Retirement Planning,” The Long View podcast, Morningstar.com, June 17, 2020.“Bill Bernstein: Revisiting the Four Pillars of Investing,” The Long View podcast, Morningstar.com, July 11, 2023.“Jason Zweig: Temperament Is Everything for Most Investors,” The Long View podcast, Morningstar.com, June 29, 2021.

On today's Special Edition, Clark welcomes longtime friend and colleague, Jonathan Clements. A London born, Cambridge University graduate, financial writer Jonathan Clements is the founder and editor of HumbleDollar.com and author of "From Here to Financial Happiness," "How to Think About Money" and seven other books. His vast experience and contributions include serving as financial education director and teacher in various capacities, and as the personal finance columnist for The Wall Street Journal. Mentioned on the show: HumbleDollar: Home Humble Dollar - The C Word NY Times - A Money Guru Bet Big on a Very Long Life. Then He Got Cancer. Washington Post - Opinion Living was easy. Dying is harder. Living Will and Durable Power of Attorney: Frequently Asked Questions Wills & Funerals Archives - Clark Howard Have a Kid in College? You Need These Legal Documents in Place Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Longtime personal finance journalist Jonathan Clements — the editor at Humble Dollar, and former columnist at the Wall Street Journal — discusses how his outlook and feelings about money have mostly been reinforced since he was diagnosed in May with terminal lung cancer, and how he his focusing his time, money and energy now to make the most of his time and help his family make the most of his life savings. Clements says he is not bitter about spending a lifetime amassing retirement money for a retirement he won't get to experience, and discusses how even the best estate planning may be insufficient when it comes to helping the family move forward. Steve Sosnick, chief strategist at Interactive Brokers, says that the yield curve has uninverted with recent rate cuts, but the danger sign it was flashing remains bright because recessions never happened until the curve normalized. He questions whether the economy will be strong enough to justify double-digit earnings expectations for equities, which could lead to lower — and possibly more volatile — returns for stocks. Plus, Kyle Guske, investment analyst at New Constructs revisits three past Danger Zone picks, and kicks them out of the club, noting that conditions have changed to where the companies — while still not attractive enough to be considered buys — have changed enough that they no longer  meet the Danger Zone standard for potential trouble ahead.

Today we're rerunning our episode with Jonathan Clements who is a dear personal friend and a friend of our community. He recently posted on his blog, HumbleDollar, about his final lap around the sun yesterday. Let's send him our love.  

The former personal finance columnist for The Wall Street Journal and current editor of the excellent HumbleDollar.com talks career, money lessons, and how he's approaching the next phase of his work life.  The Money Pit Things I Have Picked Up Learned by Being Burned - Short pod series about how teachers got burned then got wise to the 403(b) Meridian Wealth Management 403bwise.org Nothing presented or discussed is to be construed as investment or tax advice. This can be secured from a vetted Certified Financial Planner (CFP®). 

On the podcast today, we welcome back Jonathan Clements, who was among our first guests when we launched this podcast back in 2019. Jonathan is the founder and editor of HumbleDollar, and he is also the editor of a new book called My Money Journey, which is a compilation of essays from 30 individuals about how they found financial freedom. Jonathan also sits on the advisory board of Creative Planning, one of the country's largest independent financial advisors and is the author of nine personal finance books. Earlier in his career, Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper's personal finance columnist and six years at Citigroup, where he was director of financial education for the bank's U.S. Wealth Management arm.BackgroundBioHumbleDollarMy Money Journey, edited by Jonathan ClementsCurrent Conditions“What I Don't Own,” by Jonathan Clements, humbledollar.com, March 4, 2023.“Happy Talk,” by Jonathan Clements, humbledollar.com, Nov. 19, 2022.“Behaving Badly,” by Jonathan Clements, humbledollar.com, Sept. 18, 2021.“Nine Roads to Ruin,” by Jonathan Clements, humbledollar.com, March 6, 2021.“New Rules for Success,” by Jonathan Clements, humbledollar.com, Nov. 26, 2022.“Pay It Down,” by Jonathan Clements, humbledollar.com, Aug. 17, 2019.Indexing, Retirement, and Real Estate“Four Questions,” by Jonathan Clements, humbledollar.com, Feb. 22, 2020.“Jonathan's Portfolio,” by Jonathan Clements, humbledollar.com.“Mix and Match,” by Jonathan Clements, humbledollar.com, Dec. 4, 2021.“Risking My Life,” by Jonathan Clements, humbledollar.com, Aug. 8, 2020.“Jonathan's Retirement,” by Jonathan Clements, humbledollar.com.“How to Overhaul Your Retirement Portfolio in Just 7 Days,” by Jonathan Clements, money.com, Jan. 3, 2019.“The Long Game,” by Jonathan Clements, humbledollar.com, Feb. 4, 2023.“Jonathan's Homes,” by Jonathan Clements, humbledollar.com.Theory and Thrift“Helpful in Theory,” by Jonathan Clements, humbledollar.com, Feb. 11, 2023.“Don't Overdo It,” by Jonathan Clements, humbledollar.com, Jan. 23, 2021.Other“Jonathan Clements: ‘It's in Wall Street's Interest to Make Everyday Investors Think That They Are Stupid,'” The Long View podcast, Morningstar.com, July 31, 2019.“Credit Scores and Committed Relationships,” by Jane Dokko, Geng Li, and Jessica Hayes, federalreserve.gov, August 2015.Morningstar Investment Conference 2023If you're looking for even more investing insights, data, and analysis, join us at this year's Morningstar Investment Conference, April 25 through 27 in Chicago. We have a great agenda this year, featuring top financial minds from market gurus like Liz Ann Sonders to great investors like Steve Romick to retirement planning experts like Mary Beth Franklin and Dr. Laura Carstensen. There's something for everyone looking to tackle the challenges and opportunities for investors in the current market. We're in-person only this year. So, check out the link in our show notes to register. We're looking forward to seeing you in Chicago.

As retirement age draws near, having a well-structured and enduring financial plan becomes even more important. And it's not merely about accumulating wealth. It's about transforming that wealth into a retirement lifestyle that is both comfortable and satisfying. One key element proven to make a substantial difference in the quality of retirees' lives is having a predictable income.In this episode, David is joined by Jonathan Clements, a financial writer and the founder and editor of HumbleDollar. He is the author of personal finance books, including My Money Journey and How to Think About Money. Jonathan also sits on the advisory board of Creative Planning, one of the country's largest independent financial advisors. His 20 years of working at the Wall Street Journal and his role as director of financial education at Citigroup gave Jonathan extensive experience and knowledge of the financial industry.Jonathan joins David to discuss how annuities can redefine investors' retirement journey. He emphasizes the importance of making consistent investment decisions to achieve financial independence. He also explores retirement planning, including the need for predictable income and the benefits of annuities.Key Takeaways[01:19] - The origin of HumbleDollar and its evolution.[05:09] - What Jonathan's book, My Money Journey, is all about.[10:04] - Risk tolerance and behavior as investors age.[12:45] - The challenges of retirement and the complexity of decumulation.[17:41] - Why people have a negative perception of annuities.[23:01] - How advisors can have effective conversations about annuities with retirees.[30:28] - The importance of spousal benefits and managing finances in old age.[33:21] - Personalizing annuity allocation.[38:36] - Improvements in the financial industry over the years.[40:30] - Potential changes in retirement definition and workforce participation.[43:08] - Jonathan's advice on how to become a better advisor.

Today we're talking with Jonathan Clements, the founder and editor of the personal finance website HumbleDollar and author of nine personal finance books. Earlier in his career, Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper's personal finance columnist, and six years at Citigroup, where he was director of financial education for the bank's U.S. wealth management arm.  Today we are interested in speaking with Jonathan about topics he covers in two of his books: "How to Think About Money" and his most recent book "My Money Journey: How 30 People Found Financial Freedom – And You Can Too."  Note that one journey described in this book is that of a person who “makes a comeback in midlife.” Connect with us! @catchinguptofi  buy CUtFI a coffee Resources mentioned on the show: Humble Dollar The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed by James M Dahle Saving Our Retirement by Bill Yount How to Think About Money by Jonathan Clements My Money Journey: How 30 People Found Financial Freedom - And You Can Too by Jonathan Clements What is the Easterlin paradox? Catching Up to Fi Episode 039 with Mark Trautman  Catching Up to FI Episode 019 with Fritz Gilbert Catching Up to FI Episode 022 with Jordan Grumet Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life by Jordan Grumet The Seven Stages of Money Maturity: Understanding the Spirit and Value of Money in Your Life by George Kinder   Disclaimer: We are not lawyers, financial advisors, accountants or tax experts. Please consult your own professional advisors before making any important decisions. Our content is for entertainment and education purposes only.

This week's retirement reading is from HumbleDollar titled, What We Lose. Listen in as Casey Weade breaks down the article and shares what he thinks! Today's episode can also be accessed by visiting RetireWithPurpose.com/388.  Show Notes: RetireWithPurpose.com/388 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

Today, I'm joined by Mike Drak. Mike's a 38-year veteran of the financial services industry and an award-winning blogger, retirement coach, and public speaker.  You may have read Mike's articles and contributions on some of our favorite blogs, such as Booming Encore, HumbleDollar, and MarketWatch. He's also the author of several books, including Longevity Lifestyle By Design, Victory Lap Retirement, and Retirement Heaven or Hell: 9 Principles for Designing Your Ideal Post-Career Lifestyle. In our conversation, Mike shares the shocking experience he had after getting laid off from the banking industry at the age of 59, why the ideal retirement isn't always spent on a cruise ship or a golf course, and how to get strategic as you plan your transition from the working world as you know it into retirement with your identity and passion intact. GET A FREE COPY OF MIKE'S BOOK, LONGEVITY LIFESTYLE BY DESIGN: REDEFINING WHAT RETIREMENT CAN BE  Here's all you have to do... Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes. Step 2.) Text BOOK, that's BOOK to 866-482-9559 for a link to our book request page, complete the form and we will ship you the book for free. It's that simple! In this podcast interview, you'll learn: Why not having to work ever again doesn't always make us happy–and how Mike created his “victory lap” after exiting his main career. How to start planning and creating a lifestyle that will work for you as you approach retiring. What “retirement hell” is, who experiences it, and how to ensure your needs are met to try to avoid it. How a financial advisor can help you avoid retirement shock.  How retirees find new peers and new communities, even at advanced ages.  What you can do to identify your values and determine exactly what you want from this–and the next–stage of your life.  Show Notes: RetireWithPurpose.com/387 Rate & Review the Podcast: RetireWithPurpose.com/review Sign Up to Casey's Weekend Reading Email! Sifting through the copious amount of conflicting financial advice and retirement information can be daunting - but it doesn't have to be! Each week, Casey makes it super easy. He hand-picks 4 of the most important articles you need to read, that are beneficial to you whether you're at, near, or in retirement! If you want them sent straight to your inbox, sign up by visiting RetireWithPurpose.com/weekend-reading

Jonathan Clements is the founder and editor of HumbleDollar. He's also the author of a fistful of personal finance books, including My Money Journey and How to Think About Money, and he sits on the advisory board of Creative Planning, one of the country's largest independent financial advisors. Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper's personal finance columnist. Between October 1994 and April 2008, he wrote 1,009 columns for the Journal and for The Wall Street Journal Sunday. He then worked for six years at Citigroup, where he was Director of Financial Education for Citi Personal Wealth Management, before returning to the Journal for an additional 15-month stint as a columnist. An avid bicyclist, Jonathan was born in London, England, and graduated from Cambridge University. He worked for Euromoney magazine in London before moving to the New York area in 1986. He now lives in Philadelphia, close to his daughter, son-in-law and grandson. Prior to joining the Journal in January 1990, he covered mutual funds for Forbes magazine. Jonathan has written a novel and nine personal finance books, and also contributed to six others. This episode of the podcast is hosted by Jon Luskin, CFP®, a long-time Boglehead and financial planner. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.  Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.   This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes Bogleheads on Investing with William F. Sharpe: Episode 59 Bogleheads® Live with Mike Piper: Episode 36 How I Invest 2022 by Meb Faber Should Equity Exposure Decrease In Retirement, Or Is A Rising Equity Glidepath Actually Better? Bogleheads® Live with Bill Bengen: Episode 35 Bogleheads® Live with Christine Benz: Episode 37 2023 Conference - The John C. Bogle Center for Financial Literacy John C. Bogle Center for Financial Literacy Bogleheads® Forum Bogleheads® Wiki Bogleheads® Reddit Bogleheads® Facebook Bogleheads® LinkedIn Bogleheads® Twitter Bogleheads® on Investing podcast Bogleheads® YouTube  Bogleheads® Local Chapters Bogleheads® Virtual Online Chapters Bogleheads® on Investing Podcast Bogleheads® Conferences Bogleheads® Books The John C. Bogle Center for Financial Literacy is a 501(c)3 nonprofit organization. At Boglecenter.net, your tax-deductible donations are greatly appreciated. Jonathan Clements is the founder and editor of HumbleDollar. He's also the author of a fistful of personal finance books, including My Money Journey and How to Think About Money, and he sits on the advisory board of Creative Planning, one of the country's largest independent financial advisors. Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper's personal finance columnist. Between October 1994 and April 2008, he wrote 1,009 columns for the Journal and for The Wall Street Journal Sunday. He then worked for six years at Citigroup, where he was Director of Financial Education for Citi Personal Wealth Management, before returning to the Journal for an additional 15-month stint as a columnist. An avid bicyclist, Jonathan was born in London, England, and graduated from Cambridge University. He worked for Euromoney magazine in London before moving to the New York area in 1986. He now lives in Philadelphia, close to his daughter, son-in-law and grandson. Prior to joining the Journal in January 1990, he covered mutual funds for Forbes magazine. Jonathan has written a novel and nine personal finance books, and also contributed to six others. This episode of the podcast is hosted by Jon Luskin, CFP®, a long-time Boglehead and financial planner. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance, and relevant information to other investors of all experience levels at no cost. The organization supports a free forum at Bogleheads.org, and the wiki site is Bogleheads® wiki.  Since 2000, the Bogleheads' have held national conferences in major cities around the country. There are also many Local Chapters in the US and even a few Foreign Chapters that meet regularly. New Chapters are being added on a regular basis. All Bogleheads activities are coordinated by volunteers who contribute their time and talent.   This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012. Your tax-deductible donation to the Bogle Center is appreciated. Show Notes Bogleheads on Investing with William F. Sharpe: Episode 59 2023 Conference - The John C. Bogle Center for Financial Literacy John C. Bogle Center for Financial Literacy Bogleheads® Forum Bogleheads® Wiki Bogleheads® Reddit Bogleheads® Facebook Bogleheads® LinkedIn Bogleheads® Twitter Bogleheads® on Investing podcast Bogleheads® YouTube  Bogleheads® Local Chapters Bogleheads® Virtual Online Chapters Bogleheads® on Investing Podcast Bogleheads® Conferences Bogleheads® Books The John C. Bogle Center for Financial Literacy is a 501(c)3 nonprofit organization. At Boglecenter.net, your tax-deductible donations are greatly appreciated. 

Jonathan, the founder, and editor of HumbleDollar, joins us again on the NGPF Podcast to speak about his new book: My Money Journey, How 30 People Found Financial Freedom And You Can Too. Producer's Note: This is a podcast episode you don't want to miss!

Last year I was asked by personal finance writer Jonathan Clements, who founded and edits the blog to submit an essay about my own financial journey. The process required considerable personal reflection. His recently published book My Money Journey – How 30 People Found Financial Freedom provides many interesting stories. It inspired me to conduct interviews with other contributors. This is the third episode of a series of talks with these writers. My guest Dr. John Lim is a practicing radiologist and financial educator, who is fascinated with behavioral finance. In his essay “A Costly Education”, John tells stories about his own mistakes as an overconfident investor, and the lessons he learned. John's passion for spreading financial literacy can be seen through his offering classes at the hospital where he works, and at a local university. He is a regular contributor to HumbleDollar, and John has published a book, How to Raise Your Child's Financial IQ: The Most Important Things.

On this edition of the Book Club, Jonathan Clements talks about his newest book, My Money Journey: How 30 People Found Financial Freedom and You Can Too. Jonathan wrote for the Wall Street Journal for 18 years, is the Founder and Editor of Humble Dollar, and is the author of 8 books. You can learn more about Jonathan at HumbleDollar.com, Twitter, Facebook and LinkedIn. Get your copy of My Money Journey HERE You can learn more about us at LifeBlood.Live, Twitter, LinkedIn, Instagram, YouTube and Facebook, or you'd like to be a guest on the show, contact us at contact@LifeBlood.Live.  Stay up to date by getting our monthly updates. Want to say “Thanks!” You can buy us a cup of coffee https://www.buymeacoffee.com/lifeblood

Last year I was asked by personal finance writer Jonathan Clements, who founded and edits the blog https://humbledollar.com/, to submit an essay about my own financial journey. The process required considerable personal reflection. His recently published book My Money Journey – How 30 People Found Financial Freedom provides many interesting stories. It inspired me to conduct interviews with some other contributors. This is the first episode of a series of talks with these writers. My first guest Dick Quinn rose from a modest background to become a successful compensation and benefits executive. Reading his essay Driven to Succeed, he exudes a determination to be financially independent while having a positive sense of family and self. Retired since 2010, Dick and his wife have visited 44 countries.  He frequently writes for HumbleDollar and has his own blog https://quinnscommentary.net/. 

Perth Tolle, founder of Life and Liberty Indexes -- the basis for the Freedom 100 Emerging Markets ETF -- says that companies based in countries run by autocrats are held back in many different ways, not the least of which is that they must compete for the favor of the government and the people in power, rather than being able to focus on serving the market and customers, and that investors who want to avoid much of the headline-making geopolitical risk present globally today from creeping into their portfolio will make freedom a factor in where they invest. Also on the show, forensic accountant Tracy Coenen, introduces us to Jackie and Derrick, the main characters in her book 'Find Me the Money,' and discusses financial dishonesty and the breakdown of joint financial control in marriage. Plus, former Wall Street Journal personal finance columnist Jonathan Clements -- now the editor at HumbleDollar.com -- discusses his new book, 'My Money Journey: How 30 People Found Financial Freedom and You Can Too,' and in the Market Call, Matt Lockridge, head of U.S. value for Westwood Holdings talks about finding the right kind of underpriced stocks to benefit from current market conditions.

On the podcast today, we welcome back Jonathan Clements, who was among our first guests when we launched this podcast back in 2019. Jonathan is the founder and editor of HumbleDollar, and he is also the editor of a new book called My Money Journey, which is a compilation of essays from 30 individuals about how they found financial freedom. Jonathan also sits on the advisory board of Creative Planning, one of the country's largest independent financial advisors and is the author of nine personal finance books. Earlier in his career, Jonathan spent almost 20 years at The Wall Street Journal, where he was the newspaper's personal finance columnist and six years at Citigroup, where he was director of financial education for the bank's U.S. Wealth Management arm.BackgroundBioHumbleDollarMy Money Journey, edited by Jonathan ClementsCurrent Conditions“What I Don't Own,” by Jonathan Clements, humbledollar.com, March 4, 2023.“Happy Talk,” by Jonathan Clements, humbledollar.com, Nov. 19, 2022.“Behaving Badly,” by Jonathan Clements, humbledollar.com, Sept. 18, 2021.“Nine Roads to Ruin,” by Jonathan Clements, humbledollar.com, March 6, 2021.“New Rules for Success,” by Jonathan Clements, humbledollar.com, Nov. 26, 2022.“Pay It Down,” by Jonathan Clements, humbledollar.com, Aug. 17, 2019.Indexing, Retirement, and Real Estate“Four Questions,” by Jonathan Clements, humbledollar.com, Feb. 22, 2020.“Jonathan's Portfolio,” by Jonathan Clements, humbledollar.com.“Mix and Match,” by Jonathan Clements, humbledollar.com, Dec. 4, 2021.“Risking My Life,” by Jonathan Clements, humbledollar.com, Aug. 8, 2020.“Jonathan's Retirement,” by Jonathan Clements, humbledollar.com.“How to Overhaul Your Retirement Portfolio in Just 7 Days,” by Jonathan Clements, money.com, Jan. 3, 2019.“The Long Game,” by Jonathan Clements, humbledollar.com, Feb. 4, 2023.“Jonathan's Homes,” by Jonathan Clements, humbledollar.com.Theory and Thrift“Helpful in Theory,” by Jonathan Clements, humbledollar.com, Feb. 11, 2023.“Don't Overdo It,” by Jonathan Clements, humbledollar.com, Jan. 23, 2021.Other“Jonathan Clements: ‘It's in Wall Street's Interest to Make Everyday Investors Think That They Are Stupid,'” The Long View podcast, Morningstar.com, July 31, 2019.“Credit Scores and Committed Relationships,” by Jane Dokko, Geng Li, and Jessica Hayes, federalreserve.gov, August 2015.Morningstar Investment Conference 2023If you're looking for even more investing insights, data, and analysis, join us at this year's Morningstar Investment Conference, April 25 through 27 in Chicago. We have a great agenda this year, featuring top financial minds from market gurus like Liz Ann Sonders to great investors like Steve Romick to retirement planning experts like Mary Beth Franklin and Dr. Laura Carstensen. There's something for everyone looking to tackle the challenges and opportunities for investors in the current market. We're in-person only this year. So, check out the link in our show notes to register. We're looking forward to seeing you in Chicago.

There's been a lot of interest in the topic of bank runs lately, and in today's episode, we take a look at the most relevant research to help us better understand why they happen and how they can be avoided. Our conversation unpacks the 2022 Nobel prize-winning work of Douglas Diamond and Philip Dybvig and examines the three primary risks that banks need to navigate to avoid a bank run related crisis. We discuss the immense value that banks provide and how they keep the economy moving, before reflecting on how their most valuable services are inexorably tied to the risk of bank runs. You'll also learn about the role of the media in triggering a bank run, and how the problems that arise with bank runs can be addressed through a combination of deposit insurance, bank regulation, and a diverse customer base — all of which are designed to keep depositors from panicking simultaneously. We also revisit a past conversation with Jonathan Clements, before catching up with him in real time to discuss his new book My Money Journey: How 30 People Found Financial Freedom - and You Can Too. Tune in for an in-depth look at bank runs, the value of writing your money story, and a timely reminder that when you're making a deposit, you're actually lending money to the bank.   Key Points From This Episode:   •    An introduction to the topic of bank runs including an overview of the Nobel prize-winning work done on the subject in 2022. (0:02:12) •    The three primary risks you need to manage as a bank in order to be a successful business. (0:07:28) •    Why liquidity, illiquidity, and duration risk can pose a problem, even for healthy banks. (0:12:47) •    How news stories can create unwarranted panic and cause a bank run, even if a bank isn't experiencing problems. (0:16:02) •    The multiple equilibria of banks as outlined in the Diamond and Dybvig paper. (0:16:31) •    How deposit insurance can function as a solution, at least in part, to bank runs. (0:19:34) •    What the Diamond and Dybvig paper teaches us about the Silicon Valley Bank (SVB) bank run. (0:21:35) •    The difference between households and banks, and the lessons households can learn from the narrative around bank runs. (0:22:59) •    A quick recap of our conversation with Jonathan Clements and a review of his new book My Money Journey: How 30 People Found Financial Freedom - and You Can Too. (0:27:16) •    We welcome Jonathan Clements back onto the show to discuss his new book and why he wrote it. (0:32:00) •    What readers can expect to learn from Jonathan's book, like the impact parents have on your financial beliefs, and what inspires people to reassess their finances. (0:34:31) •    The impact of early habits on our finances. (0:38:36) •    Jonathan's insights into the financial service industry, its complexity, and how our risk tolerance can shift over time. (0:40:19) •    Why regret in financial decision-making is virtually unavoidable and the value of writing your money story. (0:44:22) •    Past and upcoming meetups, feedback from our listeners, and a reminder of our 23 in 23 Reading Challenge. (0:47:42)       Participate in our Community Discussion about this Episode: https://community.rationalreminder.ca/t/episode-247-bank-runs-plus-jonathan-clements-on-my-money-journey-episode-discussion/22878   Book From Today's Episode: My Money Journey: How 30 people found financial freedom - and you can too — https://amzn.to/439D5Hw   Links From Today's Episode: Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.  Rational Reminder Website — https://rationalreminder.ca/ Shop Merch — https://shop.rationalreminder.ca/ Join the Community — https://community.rationalreminder.ca/ Follow us on Twitter — https://twitter.com/RationalRemind Follow us on Instagram — @rationalreminder Benjamin on Twitter — https://twitter.com/benjaminwfelix Cameron on Twitter — https://twitter.com/CameronPassmore Jonathan Clements on Twitter — https://twitter.com/clementsmoney Jonathan Clements on LinkedIn —https://www.linkedin.com/in/jonathanclements Jonathan Clements on Facebook — https://www.facebook.com/ClementsMoney Jonathan Clements — http://HumbleDollar.com Episode 55: Jonathan Clements — https://rationalreminder.ca/podcast/55 'Bank Runs, Deposit Insurance, and Liquidity' — https://www.journals.uchicago.edu/doi/10.1086/261155 'Liquidity Risk, Liquidity Creation, and Financial Fragility: A Theory of Banking' — https://www.jstor.org/stable/10.1086/319552 'Why didn't Canada have a banking crisis in 2008 (or in 1930, or 1907, or . . .)' — https://www.jstor.org/stable/43910017 'Long-Horizon Losses in Stocks, Bonds, and Bills: Evidence from a Broad Sample of Developed Markets' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3964908  

Award-winning personal finance columnist Jonathan Clements discusses the number one topic among his HumbleDollar newsletter readers and a strategy to ease the burden. WEALTHTRACK episode 1936 published on March 03, 2023 In this second week of the winter fund-raising season for Public Television, we are revisiting a very popular interview from award-winning personal finance reporter and HumbleDollar editor Jonathan Clements. He addresses the new financial realities of higher interest rates and inflation and the impact they are having on portfolios and financial planning. This is an additional excerpt that didn't make it in the original interview. --- Support this podcast: https://anchor.fm/wealthtrack/support

We are in the midst of a sea change in our financial lives. Here are the headlines: -Inflation is surging for the first time in years and has reached the highest level in forty years. -The Federal Reserve is embarking on the fastest and steepest tightening cycle in decades. -Value stocks are outperforming growth stocks after lagging them by record amounts for nearly a decade and a half. Is it time to make some changes to our financial plans? Our guest this week is an award-winning personal finance journalist who has been a WEALTHTRACK regular since our launch in 2005. He is Jonathan Clements, the founder, and editor of HumbleDollar, a free weekly online newsletter devoted to telling you “everything you need to know about money.” It is worth visiting. Clements was the personal finance columnist at The Wall Street Journal for 20 years and is the author of several personal finance books, including From Here to Financial Happiness and How To Think About Money. Clements will give us his perspective on the much-changed financial climate we find ourselves in, and offer portfolio and financial planning adjustments for rising interest rates and inflation. WEALTHTRACK #1917 broadcast on October 21, 2022. More Info: https://wealthtrack.com/portfolio-financial-planning-adjustments-for-rising-interest-rates-inflation/ Humble Dollar: https://humbledollar.com/ Bookshelf: From Here to Financial Happiness: https://humbledollar.com/book/from-here-to-financial-happiness/ How To Think About Money: https://amzn.to/3SmS3TF My Money Journey: https://humbledollar.com/book/my-money-journey/ --- Support this podcast: https://anchor.fm/wealthtrack/support

Planning for retirement is essential. But what if your retirement planning is upended by events beyond your control? Imagine if one day you lost your job as an executive after almost thirty years at a multibillion-dollar company. How would you react? When it happened to my guest today, he decided to walk - more than twenty miles home. He shares the experience in his book The Long Walk Home: How I Lost My Job as a Corporate Remora Fish and Rediscovered My Life's Purpose. That day was a catalyst for a more fulfilling life and a return to what he truly wanted to do. Jim Kerr joins us from Pennsylvania. ________________________ Bio James Brian Kerr led global communications and public relations for Fortune 500 technology firms before leaving the corporate world in late 2021 to pursue his passion for writing and storytelling. He blogs on financial freedom, fatherhood, men's health and the pursuit of an authentic life at peaceableman.com. His articles have appeared in HumbleDollar, MarketWatch, Elephant Journal and elsewhere. His fiction and poetry have appeared in the Sewanee Review, Red River Review, The Poet, Short Story Town and other journals. The Long Walk Home (Blydyn Square Books) is his first published book. __________________________ For More on James Kerr The Long Walk Home: How I Lost My Job as a Corporate Remora Fish and Rediscovered My Life's Purpose Blog: PeaceableMan.com __________________________ Podcast Episodes You May Like Navigating An Unexpected Career Change – Maggie Craddock A Tapas Life – Andy Robin Are You Ready to Shift Gears?- Richard Haiduck With the Freedom to Retire, Where Will You Plant Your New Tree? – Don Ezra ____________________________ Wise Quotes On Having a Challenge List Instead of a Bucket List "That term bucket list is obviously is tongue in cheek, but it it's kind of dark. So I like a challenge list. I don't look at whatever number of years that I have ahead of me as walking toward the bucket. I'd rather I'll be challenging myself with new things. I think it's important to stay active, to continue to challenge ourselves both physically and mentally after we leave the full-time working  world. We don't want to atrophy - at least we don't want to atrophy early. The things that are important to me are on my list. And I got a long list. I love to write and I want to get some books and articles published. I have a new one out. That's my first one. So I'm excited about that. I've got a bunch of articles published. I want to get more articles out - and it's not about just getting pieces out there, but it's about really trying to inspire and move people. That's my mission in the second part of my life." On Repassioning Instead of Retiring  "I resist the word retirement. There are some people who love the word retirement. I don't. Retirement to me means you're stepping away from life in many ways and from work or purpose. And that's not really what I do. Repassion is the word that I use, because it's about really devoting myself to my passions. I've spent a lot of time getting my financial house in order so that I can focus on my passions." _________________________ About Retirement Wisdom A 20+ year retirement is a terrible thing to waste. How will you invest your time after you leave the world of full-time work? Working with an experienced coach and a proven process can help you explore new options, test opportunities and create a portfolio of rewarding activities and interests. Beware of quick fix solutions. Schedule a call to find how how the Designing Your Life process (developed by Bill Burnett & Dave Evans at Stanford) can help you unlock a new direction.  One and One and small group programs are available. Take the first step toward your new life today. ___________________________ About Your Host  Joe Casey is an executive coach who also helps people design their next life afte...

Since the future is essentially unknowable, this week's podcast guest focuses on what is knowable and controllable, mainly our own reactions. He is veteran personal finance journalist Jonathan Clements, a former colleague of mine at The Wall Street Journal who was its personal finance columnist for nearly 20 years. The author of several books including From Here to Financial Happiness and How to Think About Money, Clements is the Founder and Editor of HumbleDollar, a free weekly newsletter devoted to telling you “everything you need to know about money.” Veteran personal finance journalist Jonathan Clements explains why the most successful approach to dealing with turbulent markets is to stay invested. WEALTHTRACK #1836 published on March 04, 2022 --- Support this podcast: https://anchor.fm/wealthtrack/support

Episode 200! I can't believe I've made it to this landmark episode. Thank you all for joining me on this journey and I hope you'll join me for the next 200. I enjoy looking back and reminiscing on previous episodes, but I don't have to go too far back to find my most recent favorite. Episode 199 is one of my most recent favorites. In it, I interviewed world-renowned Disney expert, Lou Mongello, to discuss multigenerational Disney trips. Check it out if taking the grandkids to Disney is on your bucket list.  In this episode, we're covering two retirement headlines. The first is from Investment News and it describes how some leading retirement experts question whether advisors should rethink their assumptions about retirement spending when creating financial plans. The 2nd retirement headline is from HumbleDollar.com titled Secret Sauce. This article describes the aspects of work that we want to hang onto, those that we might not, and it outlines six steps to design a successful and ideal retirement. Outline of This Episode [2:22] How we should rethink our assumptions about retirement spending [9:30] How to plan your retirement withdrawal rate [11:20] To have a successful retirement, you need to have an understanding of work People in retirement live differently Mary Beth Franklin recently wrote an article for Investment News about retirement spending. She sourced a study completed by the Employee Benefit Research Institute (EBRI) which analyzed the spending of 2000 retirees. The study found diversity in the way people live in retirement based on financial status, retirement goals, demographics, and spending habits. Mary Beth's article focuses on the results for those that were classified as affluent and comfortable retirees. Not many affluent retirees plan to spend their savings In the article, affluent retirees were defined as those with financial assets exceeding $320,000 and an annual income of $100,000 or more. Most of them were also mortgage-free with zero debt. Their most common sources of income were defined as employer benefit plans, Social Security, and personal savings. They reported that they feel they have saved enough for retirement and only 1 in 3 plans to spend all or a significant portion of their savings.  Comfortable retirees may spend only a small portion of their assets Comfortable retirees had mid-levels of financial assets between $99,000 and $320,000 and an annual retirement income of less than $100,000 a year. Many still had a mortgage and other debts. Most of these people cited workplace retirement savings and Social Security as their major sources of income. Almost 75% of these comfortable retirees said that their retirement savings are sufficient or more than meet their needs, however, more than half of them plan to grow, maintain, or spend only a small portion of their assets.  Why are affluent and comfortable retirees hesitant to spend their retirement savings? The study found that the Baby Boomer generation wishes to retain assets rather than spending them down. So the question is, why don't these retirees wish to spend their retirement savings? This may be due to the fact that their Social Security income or pension provides enough to meet their expenses, but it could also be due to an inability to switch gears from accumulation to decumulation. Another reason may be that many retirees don't know how to determine a sustainable withdrawal rate that considers future uncertainties, and this lack of knowledge makes them wary to spend their nest eggs.  I think the key to confidently spending and living off your savings is to understand how much it costs for you to live for a year in retirement. Listen in to hear how you can learn how to calculate your spending so that you can determine your sustainable withdrawal rate in retirement.  Resources & People Mentioned Retirement Repair Shop with Mary Beth Franklin Investment News article Secret Sauce from HumbleDollar.com Employee Benefit Research Institute study Connect with Benjamin Brandt Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com/ Follow Ben on Twitter: https://twitter.com/retiremeasap Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter Subscribe to Retirement Starts Today on Apple Podcasts, Stitcher, TuneIn, Podbean, Player FM, iHeart, or Spotify

Clark speaks with admired colleague, finance expert JONATHAN CLEMENTS - founder and editor of HumbleDollar, author of personal finance books and former personal finance columnist for The Wall Street Journal, among other accomplishments. They discuss the core attributes of financial success, working part time in retirement, prioritizing debt, marriage & money, saving late in life, paying for college, divorce - financial strategies for life's stages and rebounding from life's setbacks. Want more money advice? Sign up for Clark's free daily newsletter! Learn more about your ad choices. Visit megaphone.fm/adchoices

On today's show, I talk with Jonathan Clements, the author of How to Think About Money, and runs the HumbleDollar.com website. Prior to that, he wrote the Personal Finance column in the Wall Street Journal for many years.In this episode, we explore the role money plays in the Good Life.IN THIS EPISODE, YOU'LL LEARN:The three things money can do for us when it comes to happinessHow our instincts often work against us when it comes to managing moneyWhy investing in “friends and family” might be the best investment we ever makeWhy we should spend our money on experiences over possessionsWhy gratitude enhances happinessWhy striving for our goals is more important than relaxingWhy we should pursue money in our 20s and our passion in our 50sBOOKS AND RESOURCESHow to Think About Money by Jonathan ClementsCapital One. This is Banking Reimagined. What's in your wallet?Browse through all our episodes (complete with transcripts) here.Support our free podcast by supporting our sponsors.CONNECT WITH JONATHAN CLEMENTSTwitter: @ClementsMoneyWebsite: www.humbledollar.comLinkedIn: https://www.linkedin.com/in/jonathanclements/GET IN TOUCH WITH SEAN MURRAYSean's Twitter AccountSean's LinkedIn AccountEmail: Sean@TheInvestorsPodcast.comWebsite: RealTime Performance, Inc.Weekly Newsletter: RealTime Performance NewsletterHELP US OUT!Help us reach new listeners by leaving us a rating and review! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

I dagens avsnitt försöker vi visa möjligheterna som finns på marknaden om man resonerar matematiskt istället för irrationellt. Vi dyker också ner i varför det är irrationellt att försöka spekulera i aktier som ICA, Axfood, Netflix och medicinföretag som utvecklar vaccin. Dessutom försöker vi ge lite tröst till dig som ångrar dig över att ha köpt för tidigt, för sent eller inte alls. I förra avsnittet gick vi genom att de flesta investerare i dagsläget kommer att antingen 1) köpa för tidigt, 2) köpa för sent eller 3) inte köpa alls. Extremt få kommer att köpa på botten och det handlade då bara om tur. Därför gäller det att många gånger formulera sin strategi på ett sådant sätt att den fungerar både för en själv och utan att behöva svar på omöjliga frågor såsom "Kommer börsen gå ner mer i framtiden eller har vi passerat botten?" En sådan omformulering gjordes av Bill Ehart som skrev på bloggen HumbleDollar: "It’s not about buying at the bottom, it’s about buying when the market gives you opportunities. And 25% to 30% off the high is a good opportunity." En annan omformulering gjordes av Nick Maggiulli på bloggen OfDollarsAndData. Han började med att ställa frågan: "När tror du att börsen har återhämtat sin nedgång?" När man har svarat på den frågan räknar man ut den förväntade årliga avkastningen från idag och till det tillfället. Gör man den matematiken - som vi gör i avsnittet - konstaterar man att även med en relativt lång tidshorisont borde man investera vid dessa nedgångar på -20, -25 och -30 % som vi har sett. Kombinerar man det dessutom med förra veckans resonemang i avsnitt 146 om att faran är inte så stor med att vara för tidig, så börjar en ganska tydlig bild målas upp. På många sätt är det enkelt men absolut inte lätt. Särskilt eftersom känslorna tenderar ställa sig i vägen. Med bloggrannen Lars "Cornucopia" Wilderängs hjälp slår vi dessutom hål på många av de "myter" som finns där ute om att man kan välja ut aktier som kommer att gå bättre i framtiden än andra. I dagsläget har ju många flockats till branscher såsom livsmedel och dagligvaruhandel (tänk ICA, Axfood m.fl.) eftersom även om vi inte reser så kommer vi behöva mat. Liknande resonemang finns kring t.ex. Netflix och vaccinföretag. Lars plockar sönder argumenten så pass bra att vi citerar honom rakt av. Det går inte göra bättre själv än vad han gjorde. Fondförvaltaren Andreas Brock kallade vid ett tillfälle börsen för "Ångerns tempel". Man kan ALLTID ångra något i sitt sparande. Vi har valt ut några kommentarer från bloggen, särskilt från läsare som upplever ånger, att de gjorde fel, blev dumförklarade av sin omgivning och eller motsvarande. Men kanske de inte alls gjorde så fel som de själva tror.

With Jonathan Clements, Founder of HumbleDollar.com

Jonathan Clements, formerly personal finance columnist for the Wall Street Journal and now founder and editor of HumbleDollar, has long provided a voice of sanity in the money-crazed media. In this podcast (19:08), the legendary columnist addresses how financial advisors can add value to the clients they serve; tells why the paycheck is the central organizing principle of our finances; and explains how investors need to attain a level of excitement to stay on track to achieve their goals. He also shares a riveting tale of the enormous family fortune he didn’t inherit.

Det är högst individuellt hur rik man känner. Därför svarar vi alla t.ex. olika på frågan "vad är mycket/lite pengar för dig?". I dagens poddavsnitt går vi genom ett sätt att se på det med hjälp av sex olika nivåer av rikedom. Dessa nivåer har vi inte hittat på själva utan de är resultatet av den diskussion som pågått på nätet sedan augusti. Då intervjuades nämligen grundaren till kommunikationsverktyget Slack, Stewart Butterfield, i podden "How I built this". På frågan om alla hans ekonomiska bekymmer var lösta nu när han var miljardär resonerade han om olika nivåer av rikedom. Dessa nivåer har sedan förfinats av andra ekonomibloggare såsom Ben Carlson, HumbleDollar, OfDollarsAndData m.fl. för att landa i följande: 1. Alla utgifter spelar roll 2. Det spelar ingen roll vad livsmedel kostar 3. Det spelar ingen roll vad resturangbesök kostar 4. Det spelar ingen roll vad resor kostar 5. Det spelar ingen roll vad boendet kostar 6. Inga utgifter spelar någon roll Det intressanta med dessa nivåerna är att de blir relativa och kopplar både det matematiska och känslomässiga på samma sätt. Att t.ex. få 100 000 kr kan göra att man förflyttar sig från nivå 1 till nivå 2. Men 100 000 kr kommer göra att man går från nivå 4 till nivå 5. I avsnittet diskuterar vi även hur t.ex. jag och Caroline kan ha olika syn på vilken nivå vi själva befinner oss på - beroende på om man tittar på siffrorna eller känslan. Vi diskuterar även den relativa påverkan av ett enskild beslut på de olika nivåerna, hur det hänger ihop med humankapitalet och att vi ändå behöver ha en reality check. De flesta människor i Sverige befinner sig på lägre nivå än man tror. Svea Ekonomi släppte en undersökning som visar att 27 % av svenskarna klarar inte en oväntad utgift på mer än 5 000 kronor. För var femte svensk går smärtgränsen redan vid 3 000 kronor. Dessutom, bara var tionde person äger aktier i Sverige och hushållens totala medianportfölj, den mittersta portföljen efter storleksordning, för privatpersoner boendes i Sverige, låg på 42 000 kr. Även om det inte känns så, så är tillhör du förmodligen en väldigt liten andel av den rikaste delen av den svenska befolkningen eller är på väg dit. Annars hade du inte följt vår kanal. Det är bara värt att komma ihåg att när man ibland pratar om den rikaste procenten i världen/Sverige, så vill man gärna tro att det är någon annan.

In a Morningstar podcast interview, Jonathan Clements of the HumbleDollar website, and formerly of the Wall Street Journal, expressed a dystopic view of what has become of American retirement. He maintains that 60 percent of Americans are not financially in good shape for retirement; and even among the 40 percent who are, some, like his late father, don’t have good retirement experiences. This podcast (6:30) argues this situation cries out for amelioration by America’s financial advisors, through actions to increase solvency of the 60 percent and via pilot retirements for the 40 percent in good financial shape.

Our guest on today's podcast is Jonathan Clements, the founder and editor of the website HumbleDollar. Clements has been a prolific and influential writer over his several-decade career. Prior to starting HumbleDollar, he was the longtime money and investing columnist for The Wall Street Journal, where he wrote more than 1,000 columns. After he left The Journal, Clements spent six years heading up investor education at Citi Personal Wealth Management. He has also authored seven investment books and a novel, including the Jonathan Clements Money Guide, How to Think about Money, and From Here to Financial Happiness. Background Information Jonathan Clements bio HumbleDollar Books by Jonathan Clements Related Links Frugality and Setting Financial Goals FIRE Movement Wikipedia entry HumbleDollar's Spending Guide HumbleDollar's Saving Guide "Can Money Buy Happiness?" by Andrew Blackman (Nov. 10, 2014, The Wall Street Journal) The Role of Advisors in Improving Outcomes Michael Kitces on "The Long View" podcast Great Debates on HumbleDollar's site "Hire an Advisor?" by Jonathan Clements (HumbleDollar) Bogleheads.org Whether Investors Undermine Their Results With Bad Behavior DALBAR's Quantitative Analysis of Investor Behavior "Taking Us for Fools," by Jonathan Clements (Dec. 1, 2018, HumbleDollar) "Maybe Investors Aren't Stupid After All," by Jonathan Clements (March 31, 2004, The Wall Street Journal) "Just How Dumb Are Investors?" by Jason Zweig (May 9, 2014, The Wall Street Journal) "A Warning to the Advisory Profession: DALBAR's Math is Wrong" by Wade D. Pfau (May 6, 2017, Advisor Perspectives) "Mind the Gap 2018" by Russel Kinnel (Aug. 21, 2018, Morningstar.com) Retirement Decumulation "Reducing Retirement Risk with a Rising Equity Glide Path" by Wade D. Pfau and Michael Kitces (Journal of Financial Planning) "Initial Conditions and Optimal Retirement Glide Paths" by David M. Blanchett (Journal of Financial Planning) "Cut Stocks or Add to Them? A Key Decision for Your Retirement Plan" by Christine Benz (July 25, 2019, Morningstar.com) HumbleDollar's Retirement Guide "Immediate Fixed" (HumbleDollar blog post) Asset Allocation and Investing HumbleDollar's Investing Guide  "Our Humble Opinion: Asset Allocation" (HumbleDollar blog post) "Market Portfolio" (HumbleDollar blog post) "Investors Have Fewer Reasons Than Ever for Home Bias" by Ben Johnson (June 7, 2019, Morningstar.com)

Jonathan Clements (founder, HumbleDollar.com, former Wall Street Journal personal finance writer) on portfolio rebalancing, reducing risk and doing a Roth conversion. Plus, Joe and Big Al answer your money questions: when is the best time to get into the market? When is the best time to retire? Can you start a Roth IRA for your Dad? And should you roll your 401(k) into a traditional or Roth IRA? Finally, some YMYW compliments and complaints. Transcript & show notes: http://bit.ly/YMYW-232

Joining us on the podcast today is Jonathan Clements, former Wall Street Journal columnist, founder of HumbleDollar and author of From Here to Financial Happiness, How to Think About Money and several other books. Jonathan is a well-known name in the world of personal finance as he has been giving financial advice for more than 20 years. Today he talks about the role of stories in shaping people’s understanding of and relationship with money by sharing an anecdote from his own childhood. He discusses how his investment philosophy has changed in favor of index funds, why investing is much simpler than people tend to believe and then he gives us a glimpse into his own investment portfolio and the financial decisions he is making in his personal life. Jonathan also offers a balanced perspective on home ownership from an investment point of view, advises on the things worth spending money on and then we debate the age-old question of whether money can in fact make you happy.   Key Points from This Episode: Working as a financial journalist on Wall Street for more than 20 years. [0:02:01.0] How old family stories taught Jonathan to be thrifty and careful with money. [0:02:28.0] How his philosophy and the investment world has changed over the years. [0:06:09.0] The hardest part of investing is accepting how simple it is! [0:07:39.0] Why Jonathan tilts towards value in his own investment portfolio. [0:11:12.0] Considering the many sides to home ownership as an investment. [0:13:57.0.] How his partial retirement has affected how he thinks about his portfolio. [0:17:43.0] What HumbleDollar is about and dealing with the human side of money. [0:19:58.0] Three things to do to get more happiness from your money. [0:24:17.0] What people should be talking more about in finance. [0:30:46.0] And much more!

On this edition of the Book Club, Jonathan Clements, former personal finance writer for the Wall Street Journal and Founder of HumbleDollar.com joins us to about his book “From Here to Financial Happiness: Enrich Your Life In Just 77 Days.” Listen to learn how five to 10 minutes a day could change your relationship with money forever! For a copy of From Here to Financial Happiness, click HERE You can learn more about Jonathan at HumbleDollar.com, Twitter, Facebook and LinkedIn. If you’d like to take part in the our discussion group, you can learn about it it here as well as MoneyAlignmentAcademy.com. Interested in starting your own podcast?  Click HERE Please subscribe to the show however you’re listening, leave a review and share it with someone who appreciates good ideas. You can learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.  Check out Money Alignment Academy as well!

Our guest this episode is Jonathan Clements, a previous WSJ columnist, the blogger behind HumbleDollar.com, and the author of 8 books (7 financial and a novel) including one of my all time favorites, How to Think About Money. From Jonathan, "There are those who think the goal of investing is to beat the market and amass as much wealth as possible, that street smarts and hard work ensure investment success, and that the road to happiness is paved with more of everything. And then there are those who get it. Want a more prosperous, less stressful financial life?" Listen to this episode. Creighton University believes in equipping physicians for success in the exam room, the operating room, and the boardroom. If you want to sharpen your business acumen, deepen your leadership understanding, and earn your seat at the table, Creighton’s Executive Healthcare MBA is for you Specifically tailored to busy physicians, advanced clinicians, or working healthcare executives, our program blends the richness of on campus and the flexibility of online learning. Earn a Creighton University Executive MBA 18 months, 45 credit hours, and four, four-day on campus residencies. Learn in a deeply collaborative, peer to peer cohort, and elevate your expertise. Visit www.creighton.edu/CHEE to learn more.

On this show, George shares his thoughts on the origins of the term “starter homes” and how the American Dream of home ownership has changed and evolved over the past 70 years. Find the blog post at HumbleDollar. Do Your Part By Doing Your Best Please subscribe to the show however you’re listening, leave a review and share it with someone who appreciates good ideas. You can learn more about the show at GeorgeGrombacher.com, MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.

What follows is a summary of the Investing panel discussion held at the NGPF Summit in mid-March 2019 in San Francisco. The all-star panel included Bill Bernstein, financial theorist, neurologist, and financial adviser/author, and Jonathan Clements, WSJ columnist, author, educator and blogger at the HumbleDollar.com.  

Jonathan Clements, editor of HumbleDollar.com, talked about the lessons he has learned from the five market crashes he has lived through, most notably the 30-year crash in Japan that forever changed how he invests so that no matter what the next big downturn looks like, he is prepared to get through it. Also on the show, Ruth Gretz and Peter Lang of HighTower Advisors discuss the importance of correctly setting up beneficiary designations, Mike Foy of J.D. Power discusses his firm's most recent survey of self-directed investors, and James Abate of the Centre Funds talks infrastructure stocks in the Market Call

On this show, George shares his thoughts on the good and bad that comes with things being given away for free and how you can take advantage of the many free financial resources and continue moving in the direction of your financial goals. Find the blog post at HumbleDollar. Do Your Part By Doing Your Best Please subscribe to the show however you’re listening, leave a review and share it with someone who appreciates good ideas. You can learn more about the show at GeorgeGrombacher.com, MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.

On this show, we talked about why determining your current and future priorities is an integral step towards financial success as well as the many variables to consider with Adam Grossman, CFA and Founder of Mayport, a flat fee financial planning and investment firm.  Listen to learn a strategy for investing in the stock market during both good and bad times! For the Difference Making Tip, scan ahead to 17:01! You can learn more about Adam at Mayport.com, Twitter, HumbleDollar and LinkedIn. Please subscribe to the show however you’re listening, leave a review and share it with someone who appreciates good ideas. You can learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.

On this show, George shares his thoughts on the necessity of clarifying and crystalizing your core values, why it’s important, what’s at stake if you don’t, and how to go about it. Find the blog post at HumbleDollar. Please subscribe to the show however you’re listening, leave a review and share it with someone who appreciates good ideas. You can learn more about the show at GeorgeGrombacher.com, MoneyAlignmentAcademy.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.

On this show, we talked about the probability of beating the market, why your savings behavior is more important than rate of return and how to break the cycle of overconsumption with Jonathan Clements, Founder of HumberDollar.com, author of From Here To Financial Happiness and many other books.  Listen to learn the three primary ways money can help you lead a happier life! For the Difference Making Tip, scan ahead to 17:17. You can learn more about Jonathan at HumbleDollar.com, LinkedIn, Facebook, and Twitter. Please subscribe to the show however you’re listening, leave a review and share it with someone who appreciates good ideas.  You can learn more about the show at GeorgeGrombacher.com, or contact George by clicking here.

My guest on the show today is Jonathan Clements, founder of HumbleDollar.com and prolific author of personal finance books. His new book is From Here to Financial Happiness: Enrich Your Life in Just 77 Days. Why 77 days you ask? Well I wanted to know that too, so I ask Jonathan during this conversation. From Here to Financial Happiness is described as a day-by-day guide for anyone dreaming of a better life. Whether you’re dealing with debt, uncertain about retirement or simply want to get a grip on your finances, this book can put you on the road to happiness with a simple 11-week journey. Just 5-10 minutes a day to think about money, your habits, your goals, and your dreams. What steps can you take today to get your finances on track? What bad habits, bad investments, and misconceptions should you let go of? Jonathan Clements sits on the advisory board and investment committee of Creative Planning, one of the largest independent financial advisors in the US. He spent almost 20 years at The Wall Street Journal and worked for six years at Citigroup, where he was Director of Financial Education for Citi Personal Wealth Management. Here’s my conversation with Jonathan Clements, author of From Here to Financial Happiness, in episode 383 of Informed Choice Radio.

http://www.alainguillot.com/jonathan-clements/ Jonathan Clements has spent the last 33 years writing and thinking about money out of which he spent almost 20 years at The Wall Street Journal, where he was the newspaper’s personal finance columnist. He's the founder of the website HumbleDollar.com, he has written a novel and eight personal finance books, and also contributed to five others. We spoke about His latest book is From Here to Financial Happiness and How to Think About Money. Easterlin paradox: Easterlin argued that life satisfaction does rise with average incomes but only up to a point. Beyond that, the marginal gain in happiness declines. Tips from Jonathan Don't put yourself in a situation where you are at a comparative disadvantage with other people. Comparing yourself with people who have more will make you unhappy. Invest in experiences, not on things.

Jonathan Clements is our guest in Episode 3. Jonathan is the founder and editor of HumbleDollar. During his long career as a financial writer he has worked for Euromoney, Forbes, and The Wall Street Journal. He is also the author of eight personal finance books, his latest being From Here to Financial Happiness. This interview dives into Jonathan's career, his books, the FIRE movement, how money can buy you happiness, investment fees and why he was an early advocate for low-cost index funds. The podcast is approximately 55 minutes long.   This podcast is hosted by Rick Ferri, CFA, a long-time Boglehead and investment adviser. The Bogleheads are a group of like-minded individual investors who follow the general investment and business beliefs of John C. Bogle, founder and former CEO of the Vanguard Group. It is a conflict-free community where individual investors reach out and provide education, assistance and relevant information to other investors of all experience levels at no cost.   The organization's free website is Bogleheads.org and the wiki site is Bogleheads® wiki. Bogleheads sites are operated by volunteers who contribute time and talent. Donations help defray operating costs.   Since 2000, the Bogleheads' have held national conferences in major cities around the country and currently meet in Philadelphia in the autumn of each year. There are 56 Local Chapters in the US and three Foreign Chapters that also meet regularly. New Chapters are being added on a regular basis.   This podcast is supported by the John C. Bogle Center for Financial Literacy, a non-profit organization approved by the IRS as a 501(c)(3) public charity on February 6, 2012.     

With Jonathan Clements, Founder of HumbleDollar.com

This is a special "Wealth Actually" podcast.  I spoke with an author and educator that has had a major impact on financial literacy and wealth management.  He is also a terrific guy to boot!  Over the course of our discussion, While I felt like I was nodding my head in agreement a lot (that's the whoosh near the microphone), My guest's nuanced views on wealth and his consistent and deep writing taught me a lot about the importance of great advice, clear thinking and long-term planning. Jonathan Clements is the founder and editor of HUMBLEDOLLAR.COM. He’s also the author of eight personal finance books, including his latest, “From Here to Financial Happiness.”  Born in England and educated at Cambridge University, Jonathan spent almost two decades at The Wall Street Journal in New York, where he was the newspaper’s personal finance columnist. He also worked for six years at Citigroup as Director of Financial Education for the U.S. wealth management business.  You can find him on on Twitter (@ClementsMoney) and Facebook (https://www.facebook.com/ClementsMoney) FROM HERE TO FINANCIAL HAPPINESS Background: Tell us a little bit about your background How did your career evolve? How did writing become a part of it? "From Here to Financial Happiness . . . in 77 Days" Where did the need for this book come from? "Just because it's not complicated doesn't mean it's easy!" The Power of Compounding- why it's vital. I'm impressed with the structure of the book and breaking down self-improvement steps in a series of days.  How did you decide on that? Enjoyed the saving for retirement section.  It has to happen first even though it's a liability that is farthest away. What works and what doesn't when trying to teach financial discipline to people whose After tax, After fee, After Inflation (spending); why is it so hard for wealth managers to frame things in these terms? Estate planning - necessary for everyone Friendly debate . . . whole life insurance as a way to save for LTC (instead of LTC insurance);  The emergence of HSA's . . . Where should you expect an advisor to add value?  Robo-advice, tax advice, sounding board, investment performance State of the wealth management industry . . . fee compression, business models, the role of the advisor, consolidation, service standards Humble Dollar- terrific blog on investing and general financial literacy- what can we do as a country to help make people make better decisions? Contact How can we get a hold of "From Here to Financial Happiness." How do we find out more about your other writings? How do we keep track of your whereabouts? To find my book, "Wealth, Actually", click below! https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1/dp/1619618605/ref=sr_1_2?s=books&ie=UTF8&qid=1539574775&sr=1-2&keywords=wealth+actually  

This is a special "Wealth Actually" podcast.  I spoke with an author and educator that has had a major impact on financial literacy and wealth management.  He is also a terrific guy to boot!  Over the course of our discussion, While I felt like I was nodding my head in agreement a lot (that's the whoosh near the microphone), My guest's nuanced views on wealth and his consistent and deep writing taught me a lot about the importance of great advice, clear thinking and long-term planning. Jonathan Clements is the founder and editor of HUMBLEDOLLAR.COM. He’s also the author of eight personal finance books, including his latest, “From Here to Financial Happiness.”  Born in England and educated at Cambridge University, Jonathan spent almost two decades at The Wall Street Journal in New York, where he was the newspaper’s personal finance columnist. He also worked for six years at Citigroup as Director of Financial Education for the U.S. wealth management business.  You can find him on on Twitter (@ClementsMoney) and Facebook (https://www.facebook.com/ClementsMoney) FROM HERE TO FINANCIAL HAPPINESS Background: Tell us a little bit about your background How did your career evolve? How did writing become a part of it? "From Here to Financial Happiness . . . in 77 Days" Where did the need for this book come from? "Just because it's not complicated doesn't mean it's easy!" The Power of Compounding- why it's vital. I'm impressed with the structure of the book and breaking down self-improvement steps in a series of days.  How did you decide on that? Enjoyed the saving for retirement section.  It has to happen first even though it's a liability that is farthest away. What works and what doesn't when trying to teach financial discipline to people whose After tax, After fee, After Inflation (spending); why is it so hard for wealth managers to frame things in these terms? Estate planning - necessary for everyone Friendly debate . . . whole life insurance as a way to save for LTC (instead of LTC insurance);  The emergence of HSA's . . . Where should you expect an advisor to add value?  Robo-advice, tax advice, sounding board, investment performance State of the wealth management industry . . . fee compression, business models, the role of the advisor, consolidation, service standards Humble Dollar- terrific blog on investing and general financial literacy- what can we do as a country to help make people make better decisions? Contact How can we get a hold of "From Here to Financial Happiness." How do we find out more about your other writings? How do we keep track of your whereabouts? To find my book, "Wealth, Actually", click below! https://www.amazon.com/Wealth-Actually-Intelligent-Decision-Making-1/dp/1619618605/ref=sr_1_2?s=books&ie=UTF8&qid=1539574775&sr=1-2&keywords=wealth+actually  

HumbleDollar.com's Jonathan Clements (former Wall Street Journal) helps us stop spending money the wrong way and shows us how to enrich our financial lives in just 77 days with his new book, From Here to Financial Happiness. Big Al has 3 things you need to do now if you want to retire in 5 years, and Joe and Al answer your questions: why are there required minimum distributions on employer-sponsored Roth accounts, and can Elizabeth’s husband contribute to his defined benefit pension plan AND his company 401(k)? Transcript and show notes: http://bit.ly/YMYW-186