“What’s clear… is that competing ways of spending—where one partner spends freely and the other doesn’t spend freely enough—can lead to serious conflict.” Hal Hershfield
At HIG, a considerable part of our job is helping couples discuss their finances openly and create their family’s plan together. Sounds simple – but we have seen the benefits firsthand. Our clients say having a third party help navigate this tricky topic can have a massive impact on their self-reported relationship satisfaction, as well as the likelihood of achieving their financial goals.
If you’re curious how you can level up your financial harmony at home, check out this piece by Hal Hershfield, courtesy of our friends at Avantis (an evidence-based mutual fund and ETF investment firm). Hal is a Professor of Marketing and Behavioral Decision Making at UCLA’s Anderson School.
Long-term readers know we read The Wall Street Journal regularly. Those same readers know we are after something more than the earnings reports and IPO news – enduring wisdom when we can find it. In particular, we’re fans of columnist Jason Gay. His latest piece is a masterful application of satire. In it, he’s poking fun at how frenetic today’s world is training us to become. The subtext? Be a contrarian. Slow down. Pay close attention. Reflect. Then respond. In short, take the long view. See what you think.
“Freaking out—as in freaaaaaaaking ouuuuttt!!!—is now an industry and national pastime, as routine as a lakeside sunrise over Door County. Perspective, equilibrium, inner calm—those are the habits of suckers. Today we freak out about the slightest disruptions to our daily routines; We freak out about cynical provocations on social media; We freak out over a daily buffet of micro-controversies so meaningless they’re usually forgotten within 36 hours… Nobody gets clicks and famous for taking a long view; hell has to be served in a handbasket, preferably with a clever baiting headline. If you haven’t freaked out about at least three things you’ve read by 9 a.m., you’re not doing it correctly.”
It is never too early to start teaching children about taking the long view! Katie Ackerman snapped this photo of her daughter in a perfect pose (Sally, 4) on Dillon Reservoir in Colorado. Follow us on Instagram to see more shared images from our team, or tag us in your own.