Parents might focus on tuition and room and board prices and ignore another culprit that makes school more expensive: staying in college for longer than four years. It’s a common problem, according to the National Center for Education Statistics. Just 41% of full-time students attending college for the first time earn their bachelors’ degrees in four years. Extra time at an institution is expensive. For 2019-2020, the average costs for college tuition and fees are $10,116 (public, Read on...
Get into Giving
Exactly one year ago, I wrote a post, Hardwired to Help, which told about our front-row seat in the world of pediatric cancer. My goal was two-fold: to raise awareness about pediatric cancers (September gold), but also to encourage others to find their cause, whatever that might be. A happiness study I referenced in the post showed that helping others can have a positive effect on the body by lowering blood pressure. So what holds people back from giving? According to a 2016 report by Read on...
Reflect, but Remember to Act
Crises of any kind usually require all of our attention at once. After the immediate emergency or threat passes and the brain stops pinging, reflection is possible; such was the case for me in the months following September 11, 2001. It had taken a while for the shock to wear off, but when it did, my perspective was irreparably altered and my sense of urgency was acute – for a time, anyway. On that fateful day, the World Trade Center was quite a distance from my midtown office. I (along with Read on...
Living with Money Podcast
Recently, I had the pleasure of speaking with Tim Mullooly, the host of the Living with Money podcast. There are plenty of times when I feel like I'm railing against the system, and that the industry is in need of a fire-hose spray down, but when I speak with fellow advisors who are doing right by investors it lifts me in ways I can't adequately describe. Such is the case with Tim. He and his family have their own fee-only registered advisory firm, Mullooly Asset Management. They built Read on...