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More Income, No Kids

Many of you have heard about the dual-income-no-kids (DINK) community. There is a growing population, gay and straight, single and married, who are opting to have a child-free life (except the occasional visits to our favorite nieces and nephews). They are wondering how to squeeze out every last dollar from their portfolio without the risk of running out. Yes, it's time to address the needs of what I will call the "more-income-no-kids" community, otherwise known as MINK.
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When Giving, How Much Is Too Much?

Generosity is a beautiful quality. Almost every religion and spiritual tradition emphasizes generosity as a worthy ideal. The Buddha considered it one of the "divine abodes" or highest spiritual values. It is said that he told his students that if they understood the power of generosity, they would not even let a meal pass without sharing it. How do we know how best to practice generosity, and how much to give without giving too much?
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Sustainable Investing

A New Industrial Revolution

The world of social entrepreneurship is changing waaayy faster than most of us realize. I spent last week with two veterans of the financial services world, collectively responsible for raising over $100 billion (yes, with a 'b') of investor assets who now want to redeploy assets for the betterment of the planet as a whole. I've met two brilliant ex-lawyers who are dedicating the second halves of their careers to helping businesses get more conscious of all their effects on the planet on the one hand, and elevating people out of poverty on the other.
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The Death of Benchmarking

Right around the time I was born, another birth was happening—one that would save investors millions of dollars in unnecessary fees while also reducing their tax bills. Yes, I'm talking about the birth of the index fund. A side effect of this creation was that performance-junkie investors and money managers could now easily compare their returns to an index and react (or overreact) accordingly. But why, almost 40 years later, do so many index fund investors compare their portfolio to a benchmark when their portfolio is the benchmark?
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30 Days of Positive Action for Your Financial Life

In order to change almost any area of our lives, we must make the new behavior a habit. Most experts say it takes between 21 to 30 days of practice to turn a new behavior into a habit. Here are my best ideas on how to help yourself achieve healthy habits. Try doing one a day. If that feels like too much, set aside one specific day each week to put one into action.
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The Mortgage Pay Down Question

On a recent trip to Boston, I had a chance to go see Paul Revere's house, the oldest standing house in Boston. During the tour, I was told that Mr. Revere put a down payment on the home in 1770, and then took out a mortgage of five years for the balance of 160 pounds. Boring to some (OK, probably most), but I found this fact fascinating. Not only were mortgages in existence 240+ years ago, but even someone who was apparently quite well-off had one!
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Spending Your Way to Happiness

Does your spending bring you happiness? According to Smart Money, people don't spend money on the right things. In fact, if pleasure is your goal, forget about buying THINGS. Instead, buy experiences, which bring us a lot more happiness.
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