4 Comments
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Daniel Pope's avatar

Great piece. Underneath most spending hesitation sits one honest question: what if I run out? Fair question. But if your plan already answers it and you're still skipping the appetizer, that's fear talking, not math.

Russ Thornton's avatar

Thanks for reading and sharing your thoughts, Daniel.

People shouldn't overlook the role emotions play in our money decisions

James W. Watkins III's avatar

Hotta admit, with the0 uncertainty created by the current administration, hard to argue against the saving for a rainy day" argument. JMO

Russ Thornton's avatar

Thanks, Jim.

There's always uncertainty regardless of the administration.

And I'm not suggesting overspending, but spending up to a level that works within a client's financial plan while maintaining a comfortable margin of safety.

For those inevitable rainy days...