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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, […]

a life changing lesson on loss

A life changing lesson on loss

The Lesson This past week a close friend of mine lost his mom.  She was in the hospital recovering from an illness, but her prognosis was good and the staff was ready to send her home.  A few hours later a blood clot took her life. In a tribute he wrote for her funeral, my […]

what makes a good life

What makes a good life?

  What makes a good life?  Now there is a question with universal appeal!  Who wouldn’t want to know, in advance, what types of things would make them healthier, happier and more fulfilled? Unfortunately, research shows that we’re not very good at predicting what will make us happy.  I call this the “I want to […]

zen and the art of retirement

Zen and the art of retirement

  I just finished reading Zen and the Art of Motorcycle Maintenance.  It’s a bestselling classic, but I must confess that I wasn’t a huge fan.  It did have a few great nuggets that made me think, however, and today I’d like to share a short passage from the book that could have a profound […]