Author - Danielle L. Schultz, CFP®, CDFA

1
Bernie Sanders’s “ridiculous” proposals
2
Long term care: pay and pay and pay again
3
Should you invest in stocks?
4
Is “good enough” the secret to wealth?
5
Money and happiness

Bernie Sanders’s “ridiculous” proposals

I can hardly open the Wall Street Journal without seeing an article about why Bernie Sanders’ proposals won’t work, but I’m not buying it. Sure, any sort of change at all is going to have some unintended consequences. But that’s been true of just about every single governmental policy in the last, oh, 100 years or so. Of course, some people will benefit more than others—just as they did under the Republican presidencies. But, like Bernie, I’d like to see the greatest good for the greatest number, and I’d most like to see policies that will benefit the hard working …

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Long term care: pay and pay and pay again

Think you’ve been prudent and taken care of any long term care needs by buying long term care insurance? Okay, good, but now you can start worrying again. As usual, American capitalism has found new ways to extract more bucks out of us hapless suckers, oops I mean frugal, hard working citizens.

The Wall Street Journal last week had an article describing how Medicare tracks and audits hospitals for frequent re-admissions. The idea is supposed to be that if you give correct and adequate care followed up by adequate home care, you shouldn’t be readmitting people for the same thing. …

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Should you invest in stocks?

This past weekend I went to an investor fair sponsored by the Chicago North and West Chapters of BetterInvesting. These are the people who used to be known as the National Association of Investment Clubs. I write a quarterly column—Fund in Focus­­—for the magazine, and the occasional cover story. But like so many relationships these days, mine is virtual so it was nice to meet some of my fellow authors (and they are nearly all fellows, which is a bit disappointing).

They tend to be an engaged and savvy group. Maybe this is the product of self …

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Is “good enough” the secret to wealth?

Normally the Wall Street Journal starts touting tech innovations three months before they’re on the market, and then spends the next three months reviewing how they don’t work quite right. Got to keep that market churning, no? But two recent articles about trends have me amused and bemused, and I think they relate to how much dough you hold onto.

The first one was on how people are not replacing their electronic devices as fast as they used to. Basically, after the initial kinks are worked out (and that time span is getting shorter), electronic devices pretty much work. As …

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Money and happiness

We all know money doesn’t buy happiness. We also know that having no money can really affect happiness. But can you handle money in specific ways to increase everyday happiness? I’ve been reading The Happiness Project by Gretchen Rubin, and one idea really caught my attention.

Rubin talks about two different orientations: in simplest terms, the underbuyers, who put off buying things until they run out, wait out pains or illnesses to see if they’ll go away, and never pop for the expensive haircut or premium manicure. Then, there are the overbuyers, who have far more sheer …

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