Comments on: The Simplicity Premium http://www.behaviorgap.com/the-simplicity-premium/ Exploring the relationship between people and their money. Fri, 16 Jul 2010 16:53:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: briceachang http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-937 briceachang Sat, 30 May 2009 10:38:22 +0000 http://www.behaviorgap.com/?p=912#comment-937 A few months ago, a client of mine was telling me about an experience he had one day at work. He is a ER doctor at a hospital that backs right up to some of the most beautiful mountain trails in the world. During his lunch break he was heading out for a run and passed the physician break room and saw his colleagues (that also love to run in the mountains) <a href="http://www.thrift-savings-plan.net" rel="nofollow">thrift savings plan</a> watching CNBC. He said that he just laughed as he headed out for a great, worry-free run. He realized then that he spent hardly any time thinking about this stuff anymore because he knew that someone else was. A few months ago, a client of mine was telling me about an experience he had one day at work. He is a ER doctor at a hospital that backs right up to some of the most beautiful mountain trails in the world. During his lunch break he was heading out for a run and passed the physician break room and saw his colleagues (that also love to run in the mountains) thrift savings plan watching CNBC. He said that he just laughed as he headed out for a great, worry-free run. He realized then that he spent hardly any time thinking about this stuff anymore because he knew that someone else was.

]]> By: briceachang http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-219 briceachang Sat, 30 May 2009 05:38:22 +0000 http://www.behaviorgap.com/?p=912#comment-219 A few months ago, a client of mine was telling me about an experience he had one day at work. He is a ER doctor at a hospital that backs right up to some of the most beautiful mountain trails in the world. During his lunch break he was heading out for a run and passed the physician break room and saw his colleagues (that also love to run in the mountains) <a href="http://www.thrift-savings-plan.net" rel="nofollow">thrift savings plan</a> watching CNBC. He said that he just laughed as he headed out for a great, worry-free run. He realized then that he spent hardly any time thinking about this stuff anymore because he knew that someone else was. A few months ago, a client of mine was telling me about an experience he had one day at work. He is a ER doctor at a hospital that backs right up to some of the most beautiful mountain trails in the world. During his lunch break he was heading out for a run and passed the physician break room and saw his colleagues (that also love to run in the mountains) thrift savings plan watching CNBC. He said that he just laughed as he headed out for a great, worry-free run. He realized then that he spent hardly any time thinking about this stuff anymore because he knew that someone else was.

]]> By: briceachang http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-404 briceachang Sat, 30 May 2009 03:38:22 +0000 http://www.behaviorgap.com/?p=912#comment-404 A few months ago, a client of mine was telling me about an experience he had one day at work. He is a ER doctor at a hospital that backs right up to some of the most beautiful mountain trails in the world. During his lunch break he was heading out for a run and passed the physician break room and saw his colleagues (that also love to run in the mountains) <a href="http://www.thrift-savings-plan.net" rel="nofollow">thrift savings plan</a> watching CNBC. He said that he just laughed as he headed out for a great, worry-free run. He realized then that he spent hardly any time thinking about this stuff anymore because he knew that someone else was. A few months ago, a client of mine was telling me about an experience he had one day at work. He is a ER doctor at a hospital that backs right up to some of the most beautiful mountain trails in the world. During his lunch break he was heading out for a run and passed the physician break room and saw his colleagues (that also love to run in the mountains) thrift savings plan watching CNBC. He said that he just laughed as he headed out for a great, worry-free run. He realized then that he spent hardly any time thinking about this stuff anymore because he knew that someone else was.

]]> By: Business & Finance Blogs » Blog Archive » Daily Links: Real World Edition http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-218 Business & Finance Blogs » Blog Archive » Daily Links: Real World Edition Sun, 05 Apr 2009 16:56:07 +0000 http://www.behaviorgap.com/?p=912#comment-218 [...] at Behavior Gap, Carl Richards has some thoughts about the simplicity premium. He argues that people are rightfully willing to pay a little bit more to simplify their lives, [...] [...] at Behavior Gap, Carl Richards has some thoughts about the simplicity premium. He argues that people are rightfully willing to pay a little bit more to simplify their lives, [...]

]]> By: thinkingcarl http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-217 thinkingcarl Fri, 03 Apr 2009 22:56:16 +0000 http://www.behaviorgap.com/?p=912#comment-217 Good point Brian. Setting the course is not nearly has hard as making the<br>necessary course corrections along the way. Good point Brian. Setting the course is not nearly has hard as making the
necessary course corrections along the way.

]]> By: thinkingcarl http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-403 thinkingcarl Fri, 03 Apr 2009 20:56:16 +0000 http://www.behaviorgap.com/?p=912#comment-403 Good point Brian. Setting the course is not nearly has hard as making the<br>necessary course corrections along the way. Good point Brian. Setting the course is not nearly has hard as making the
necessary course corrections along the way.

]]> By: Brian B http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-216 Brian B Fri, 03 Apr 2009 20:21:36 +0000 http://www.behaviorgap.com/?p=912#comment-216 The acts of choosing what mutual funds/stocks/ETFs, etc. to use, what type of life insurance to buy, which college savings plan is appropriate are not that complicated. They're pretty simple. But as Carl says, the difficulty comes in taking the long view and putting them together in a cohesive strategy.<br><br>The REALLY hard part is getting started. Sometimes I think that's the most valuable service I provide in my practice. Left to their own devices, most people won't ever take action... because they think it's hard and complex... the old "paralysis by analysis." Once you get started you build momentum. It becomes clear how easy it really is.<br><br>The other thing a qualified planner provides is accountability. Regular reviews highlight progress (or lack thereof) toward goals. A planner can be the "bad guy" that tells you you're spending too much and not saving enough. Not being the cause of that marital conflict yourself has got to be worth something, right? The acts of choosing what mutual funds/stocks/ETFs, etc. to use, what type of life insurance to buy, which college savings plan is appropriate are not that complicated. They're pretty simple. But as Carl says, the difficulty comes in taking the long view and putting them together in a cohesive strategy.

The REALLY hard part is getting started. Sometimes I think that's the most valuable service I provide in my practice. Left to their own devices, most people won't ever take action… because they think it's hard and complex… the old “paralysis by analysis.” Once you get started you build momentum. It becomes clear how easy it really is.

The other thing a qualified planner provides is accountability. Regular reviews highlight progress (or lack thereof) toward goals. A planner can be the “bad guy” that tells you you're spending too much and not saving enough. Not being the cause of that marital conflict yourself has got to be worth something, right?

]]> By: Brian B http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-402 Brian B Fri, 03 Apr 2009 18:21:36 +0000 http://www.behaviorgap.com/?p=912#comment-402 The acts of choosing what mutual funds/stocks/ETFs, etc. to use, what type of life insurance to buy, which college savings plan is appropriate are not that complicated. They're pretty simple. But as Carl says, the difficulty comes in taking the long view and putting them together in a cohesive strategy.<br><br>The REALLY hard part is getting started. Sometimes I think that's the most valuable service I provide in my practice. Left to their own devices, most people won't ever take action... because they think it's hard and complex... the old "paralysis by analysis." Once you get started you build momentum. It becomes clear how easy it really is.<br><br>The other thing a qualified planner provides is accountability. Regular reviews highlight progress (or lack thereof) toward goals. A planner can be the "bad guy" that tells you you're spending too much and not saving enough. Not being the cause of that marital conflict yourself has got to be worth something, right? The acts of choosing what mutual funds/stocks/ETFs, etc. to use, what type of life insurance to buy, which college savings plan is appropriate are not that complicated. They're pretty simple. But as Carl says, the difficulty comes in taking the long view and putting them together in a cohesive strategy.

The REALLY hard part is getting started. Sometimes I think that's the most valuable service I provide in my practice. Left to their own devices, most people won't ever take action… because they think it's hard and complex… the old “paralysis by analysis.” Once you get started you build momentum. It becomes clear how easy it really is.

The other thing a qualified planner provides is accountability. Regular reviews highlight progress (or lack thereof) toward goals. A planner can be the “bad guy” that tells you you're spending too much and not saving enough. Not being the cause of that marital conflict yourself has got to be worth something, right?

]]> By: thinkingcarl http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-215 thinkingcarl Wed, 01 Apr 2009 22:02:15 +0000 http://www.behaviorgap.com/?p=912#comment-215 Amen Derek.<br>I still remember sitting in a investment committee meeting and listening to<br>advisors debate which was the right allocation to emerging markets: 17.5% or<br>20%. It really doesn't matter if when we realize that a planners primary job<br>is simplifying peoples lives and helping them make smart decisions about<br>money. Amen Derek.
I still remember sitting in a investment committee meeting and listening to
advisors debate which was the right allocation to emerging markets: 17.5% or
20%. It really doesn't matter if when we realize that a planners primary job
is simplifying peoples lives and helping them make smart decisions about
money.

]]> By: thinkingcarl http://www.behaviorgap.com/the-simplicity-premium/comment-page-1/#comment-401 thinkingcarl Wed, 01 Apr 2009 20:02:15 +0000 http://www.behaviorgap.com/?p=912#comment-401 Amen Derek.<br>I still remember sitting in a investment committee meeting and listening to<br>advisors debate which was the right allocation to emerging markets: 17.5% or<br>20%. It really doesn't matter if when we realize that a planners primary job<br>is simplifying peoples lives and helping them make smart decisions about<br>money. Amen Derek.
I still remember sitting in a investment committee meeting and listening to
advisors debate which was the right allocation to emerging markets: 17.5% or
20%. It really doesn't matter if when we realize that a planners primary job
is simplifying peoples lives and helping them make smart decisions about
money.

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