Illusion of Control is the deeply held belief that we can control the otherwise uncontrollable. It is the same behavior that a person shooting dice might exhibit. They will throw it harder, blow on the dice, hand them to a
Mental accounting occurs when a person views various sources of money as being different from others. This looks different for different people, but a few examples are money earned at a job may be viewed differently than money from an
If you’re lucky enough to have previously started investing in your teens consider yourself way ahead of the curve. For the majority of people Investing 101 is for you. Most of us start investing in our mid to late 20s,
At the foundation of any planning conversation is saving and saving automation can help make that easier and promote good money habits. Those that start saving early and do it throughout their entire working days are setting themselves up for
Unfortunately stocks aren’t basic, and they are the single most important and predictable way to expand your net worth. So here is our take: We are fundamental investors, we believe that to determine the value of something you have to
Planning for both your short term goals while being cognizant of your long term aspirations is really difficult to grasp especially when you’re unsure of what the future “budget” is or should look like. At InSight, our mission is to
We get it, debt is tough. We recommend being aggressive and process oriented with the below steps. Step 1: Is it accretive or erosive? Is it something that is helping you grow your net worth or is it hurting your
Have you wondered, should I be Combining my 401(k)s? your not alone and we have written the below guide to whether or not its going to be right for you and your strategy. After a decade working with clients the
Making a large purchase is intimidating but there are a few ways to make it easier. I am a believer in taking on debt if it’s accretive in nature, meaning it’s helping my net worth grow. Making a big purchase
You should save if you don’t want to be reliant on an employer or the government to support you. For those like myself that love what they do for a living, I still don’t want to have to work. At
The younger you’re the more difficult it is to save because your income isn’t very high. However, here are some general guidelines to help you out. The younger you are the more compounding will help you. General Rule: The lower
Today is the last day that Tesla will not be part of the S&P. S&P Dow Jones Indices has announced Tesla’s addition Friday after the market close. Tesla will officially trade as a member of the S&P 500 by the
