‘Psychology of Money’ author Morgan Housel follows the same morbid success measure as Warren Buffett—a “reverse obituary”

‘Psychology of Money’ author Morgan Housel follows the same morbid success measure as Warren Buffett—a “reverse obituary”

Material success can be measured in a multitude of ways: cars, luxury items, and followers. But behavioral finance expert Morgan Housel has an unusual exercise to do so: a reverse obituary.  “It’s a little bit morbid, but it’s to write what you want your obituary to say, and then try to live your life up…

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JPMorgan tells Americans to stop chasing $1,000,000 in savings — so how much money should you really save?

JPMorgan tells Americans to stop chasing $1,000,000 in savings — so how much money should you really save?

For most Americans, the “magic number” for retirement is $1.26 million, according to Northwestern Mutual. However, it’s easy to forget that retirement isn’t about hitting a specific dollar target but about replacing your current income so that you can sustain your lifestyle without the need to work. This crucial difference was highlighted in a recent…

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