Money Is Emotional Pathfinder operates on 10 principles originating from books “Money Mastery” by Alan Williams and Peter Jeppson and “The Richest man of Babylon” by George Clason as well as information I’ve learned over the years Principle No 1: money is emotional When we make and spend money, it’s an emotional event When we get a raise, we celebrate When we get laid off, our routine and activities are often derailed because of it Most of our spending patterns are ...

Why, What And When You Need Estate Planning Sitting down with a financial advisor to plan the transfer of all of your personal assets upon the event of your death to your chosen beneficiaries is called estate planning Successfully planning your estate with a professional ensures that your assets are transferred to your chosen beneficiaries as quickly and with as minimal tax consequence to them as is legally possible The modern process of estate planning begins with you making an inventory of all of your assets and creating ...

Escape Debt - Consider Who Your Friends Are Certain people are bad for your debts Have you ever noticed how certain people encourage you to spend more heavily than others? You know, those who are always urging you to 'stick it on your card, because you deserve a treat' But what about the 'treat' when the statement arrives? When people go shopping together they tend to egg each other on to spend money that they don't have You see something that you vaguely like the look of ...

(us) How To Pull Back And Bounce Back From A Bad Trade Everyone makes mistakes in the markets But, how do you bounce back and pull back from a bad trade? There's really no such thing as a perfect trader, and don't believe anyone who says they've never had a loss They have, and if they are any good, they've learned from their mistakes, and then put the mistakes behind them The key to success is learning how to pull back First, you have to understand ...

Chapter 11 Bankruptcy - Breathing Ground For Debtors Signing in for a bankruptcy is the last resort for a person who has borrowed some amount of money and is in no means of paying the debts made Filing for bankruptcy can cause both mental and emotional burdens to a person and so with the debtor's credit history When one declares bankruptcy, one should get ready for deliberate explanation to a judge or trustee how he get himself into such a situation The person in one way or ...

The Five Debt Triggers For Women The average American is over $7,100 in debt (not including a mortgage) and three out of five families can't afford to pay off their credit cards each monthStill, as a culture we keep spending-on clothing, luxury cars, gourmet meals, electronics, CDs, you name it-and some would surely argue that spending is an integral part of being American (even President Bush asked Americans to keep spending as our patriotic duty after the September 11th attacks)But ...

Mortgage 101 - Rational Decision Making A big part of getting approved or rejected in the mortgage process lies in your ability to make rational, unemotional decisions It's essential that you separate yourself from the emotional issue of getting a house and approach the whole process like a business People get a bit goofy when it comes to money especially when it comes to their money and in the case of the getting a mortgage you're talking about the most money anyone will ever spend As a result, ...

The Psychology Of Markets We know that greed and fear rule the markets But did you know that when investors gets too greedy, markets usually fall, and when investors are overcome with fear, markets usually rise So how can when we monitor investors emotions and take advantage of investors emotional extremes? Welcome to the world of investor sentiment analysis Investor psychology has been analysed for at least 250 years Charles MacKay wrote his book, 'Extraordinary Popular Delusions And The Madness Of Crowds', in 1841, describing, among other manias, the ...

Winning The Game Of Retirement Consider yourself an athlete in the sport of investing Physical endurance is important when it comes to the sprint, however mental poise will see you through the long run An investor can have the most reliable information available, but with the absence of emotional control, you may fail to reach the goal You should strive to be the Tiger Woods of investing and when you reach the eighteenth hole, your score is based on the portfolio's value Upon retirement, you will know ...

Seven Deadly Trading Mistakes - Part Two In part one of this series, we looked at the problem of continually switching trading strategies in the hope of finding something better, and why that can never bring us long-term success in our trading In this second article, I'm going to talk about a closely related problem many traders suffer from - a lack of planning Mistake Number Two - Not Having a Trading Plan "If you fail to plan, then you plan to fail" I don't know who first ...