First off, Big Thank You to everyone who cheered on our AE crew as we conquered 29029!!
It was a life changing experience for all of us and even more importantly we raised over $100,000 for The Jones Project!
“Pain is mandatory, but suffering is optional” – Colin O’Grady
A lot of items in the financial news these days from Student loan forgiveness to still-increasing inflation.
Response rates are still up, events are still filling, and people are still looking for guidance during this turbulent time!
- Cody dropped another great podcast with Col. Scott Mann: Pinpoint your Purpose
- He shares some incredible points around how to lead your team with empathy and truly hearing their story.
BTW: Only 84 workdays left this year…Let’s go!
Here are your Quick Hits:
What Do Investors Believe They Can Do But Can’t?
- “It is often said that a useful measure of happiness is the gap between reality and expectations. A similar approach can be adopted for identifying poor investment decisions.”
- This miscalibration leads us into activities and behaviours that we really should avoid.
- “Far more valuable is being humble about the challenges of financial markets and aware of our circle of competence. We need to avoid being our own worst enemy.”
Biden Student-Loan Forgiveness Raises Inflation, Budget Risks – WSJ
- “President Biden’s decision to cancel up to $20,000 in student debt for millions of borrowers will have broad economic consequences, including on inflation, consumer behavior and government budgets, though the degree of those effects is uncertain.”
- “pouring roughly half trillion dollars of gasoline on the inflationary fire.”
- “Biden’s student loan forgiveness plan may win Democrats some votes, but it fuels inflation, foots taxpayers with other people’s financial obligations, [and] is unfair to those who paid their own way,”
Inflation Widens Married Couples’ Money Lead Over Their Single Friends
- It is better, financially, to be married than single, as has almost always been the case. But the money gap between young married couples and singles has widened, thanks to inflation and rising home prices.
- The median net worth of married couples 25 to 34 years old was four times as much as the median net worth of single households in 2010.
Disney Vs Inflation
