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metrics that matter

Metrics that matter

I just finished watching the new Ken Burns documentary on Vietnam.  During the war, Secretary of Defense Robert McNamara had commanders and soldiers in the field collecting vast amounts of data each day that was then put onto punch cards and fed into a mainframe computer for analysis.  The hope was that by measuring hundreds […]

bezos

Retirement lessons from the world’s richest person

Jeff Bezos became the richest person in the world last week.  In a little over 20 years, the founder of Amazon.com went from no money (or very little) to more money than anyone.  Warren Buffett once called him “the most remarkable business person of our age.”  That’s like Michael Jordan calling you the best basketball […]

surprises in retirement

4 Unexpected emotions in retirement

I’ve helped many people transition into retirement over the years and when I ask a new retiree how things are going, the response is generally positive.  That said, retirement is a huge transition and there are always unexpected feelings or emotions that crop up.  That doesn’t necessarily mean that there’s something wrong with your retirement.  […]

sunk cost

Don’t throw good life after bad

In business, a sunk cost is a cost that has already been incurred and can’t be recovered.  Economists tell us that we shouldn’t factor these costs in when making a rational decision about how to proceed.  Since we’re human and hate losses, however, we often use these previous costs as justification to invest more. The […]

Systems and Habits

Systems and Habits

Quick review I’m doing a 3-part series on how to overcome obstacles and achieve the real, significant and lasting change necessary to live the life you want, both now and in retirement.  It’s a 3-part series, because we’re covering 3 big ideas.  Idea #1 was minimalism: Deciding what doesn’t belong in your life—stuff, expenses, obligations, […]