Headine: How the rules have changed

TFA: none of the rules have changed

So much wrong in TFA, I don't know where to start. There's the financial advisors not dealing with emotions. Money is the most emotional subject, particularly in (romantic) relationships. If an advisor isn't addressing their clients' emotional state, they're not just not among the best financial advisors, but actually among the worst.

"People would yell at me and say, 'How can you tell people to keep six to 12 months of their living expenses in an account that's paying no interest?'"

You fire those clients. 1, we're adults. They can question your advice, they may not understand your advice, but if they're yelling, you cut them off. Period. 2, if you really can't help them understand the need for an emergency fund, either they're thick or you're really bad at explaining. Either way, you can't help someone in that situation.

And lastly, TFA is an ad for their book.

Shaggy_C: The rules are the same as they always are. Those who prepare for the worst are rewarded when it comes to pass.

If you were sitting on a stack of cash in 2020, you could have swept up stocks at a 50% discount, bought a house at a sub-3% mortgage rate, and gone on a generationally cheap trip to Europe in 2022 with the Euro and GBP hitting dollar parity. You could then park all of that sweet, sweet handout stimulus money in a savings account and would now be earning 3% interest.

If you had spent like a drunken sailor in the years leading up to 2020, well...it was probably a tough time.

But the "rules" are the same today as they were in Aesop's time.

[today.uconn.edu image 615x383]

"The ant, he eat the grasshopper."