It’s Not Enough To Know

It’s “interesting” how some people just don’t understand how mortgage rates work. There’s a train of thought that says: “as the Fed lowers interest rates mortgage rates will come down.” That’s just not so. The Fed only controls the Fed Funds Rate, which does impact floating rate instruments, like, say, credit cards and high-yield savings…

This Friday’s external resource is not a TED Talk, but instead from Harvard Business School’s Working Knowledge blog. In a very interesting post Francesca Gino talks about how and why we get side-tracked. Why, despite out best efforts, we don’t follow though as we plan, or sometimes, not at all. Click here to read the post.

There is a saying in Tibetan, “Tragedy should be utilized as a source of strength.” No matter what sort of difficulties, how painful experience is, if we lose our hope, that’s our real disaster. – The Dalai Lama (Tenzin Gyatso, the 14th Dalai Lama) This reminds me of something I read – that really interested and…

I was talking with someone who said they weren’t really saving much anymore. He said he was using an online finances tracker that integrates with his accounts and tracks expenditures, income and assets but despite long-time use, just about everything that was coming in was going right back out. For me this begs a question:…

Habits are powerful, generally hidden, drivers of behavior. My basic understanding of habits is that there’s a cue, a response and a reward (or result) (that is seen as desirable and/or functional). Many habits are not, actually, good for us, and/or those around us. *  *  * A question some coaches (myself included) like to ask…

The “self-image” is the key to human personality and human behavior. Change the self image and you change the personality and the behavior. – Maxwell Maltz Ignoring self-image is akin to putting your car in Neutral and expecting to move forward (and, in some cases, like putting it in Reverse . . . ). It…