Financial Myths

Ensuring your prosperity in the years to come using resources you have today.

MYTH: Our Tax Systems Are Fair

I still feel the need to preface every blog post with the reminder that these blog topic headings are myths, unless I indicate otherwise.  It is certainly a myth that our tax systems are fair. Here’s another look at relative audit rates.  The wealthy have enjoyed the greatest decline in audit rates.  And this is …

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MYTH: When it Comes to Finance, Bigger is Better

The “Bigger is Better” myth is a prime example of confirmation bias, that is, seeking, retaining and believing data that supports what we already believe.  We feel more secure dealing with a a large and/or well-know financial company, well, because.  I can’t fault most members of the public for this because we are not well-trained …

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MYTH: It Is Simple To Be Healthier and Happier

I will call this a myth because I don’t think it is true for most of us, especially those of us raised in Calvinist traditions, where suffering is a sign of virtue and intelligence.  It isn’t. To the contrary, “Research suggests that the best self-help advice may have very little to do with yourself”, according …

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Myth: Venting Our Feelings is a Great Way to Appreciate the Good and Bad in Life

Remember the Primal Scream? (Not the Scottish rock band)  The theory was that if you’ve been repressing your emotions so completely and severely that you don’t even know how you feel in a given situation, letting it all out in a therapeutic setting can be beneficial.  I think the title of this post is a solid …

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Guest Column in the No Myth Zone by Frank Maselli

Frank is a brilliant, hyper-energetic, engaging presenter and teacher.  I’ve attended a couple of his seminar trainings back East.  We have completely opposite personalities- I’m fairly quiet and enjoy solitude -but Frank provides a great deal of value to all types of people.  I highly recommend his books on doing seminars. But frankly (!), his …

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