20 Cents from January 2010

By 2 Cents on February 1st, 2010 | Category: 20 Cents | Leave a comment

This is a list of 10 articles from January of 2010 that I thought you might find interesting. Go ahead and browse some of these websites if they are new to you and you’re certain to find a lot more great information. Enjoy!

Pop Economics had a great post asking What Investment Return Should You Plan For? I very much agree with the analysis here, as I think the conventional wisdom of 7% – 10% returns is way too optimistic, especially given the challenges we face in the near term with global debt levels where they are. Manage your risk, control what you can, and be careful what numbers you enter in those retirement calculators! Byron Wien is a seasoned expert who is often tagged with the “legendary” moniker, so a lot of people listen to what he has to say. The fact that he’s [...]

Read on and enjoy … 20 Cents from January 2010

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Your Financial Hierarchy of Needs

By 2 Cents on January 14th, 2010 | Category: Money Psychology | 11 comments
My Hierarchy

The elevator to success is out of order. You’ll have to use the stairs.

~ Joe Girard

Update: This article made it into the editor’s top 5 picks in The Carnival of Personal Finance – Support Haiti Edition @ Million Dollar Journey. Thanks Frugal Trader!

Abraham Maslow is the psychologist best known for his hierarchy of needs. He basically postulated that humans need to have more basic needs fulfilled before we try to satisfy higher level needs. If we try to attain higher self-esteem while more basic needs like steady employment or a stable family life go unmet, we will feel uncomfortable and stressed out. This goes along with the idea that discomfort means change is required.

Now I am certainly not the first to draw a parallel between Maslow’s hierarchy of human needs and our financial needs. In doing the [...]

Read on and enjoy … Your Financial Hierarchy of Needs

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