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The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Columbine Wealth Planning, LLC (referred to as "CWP") disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement and suitability for a particular purpose. CWP does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice,  as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall CWP be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if CWP or a CWP authorized representative has been advised of the possibility of such damages. In no event shall Columbine Wealth Planning, LLC have any liability to you for damages, losses and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.

The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Columbine Wealth Planning, LLC (referred to as "CWP") disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement and suitability for a particular purpose. CWP does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice,  as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall CWP be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if CWP or a CWP authorized representative has been advised of the possibility of such damages. In no event shall Columbine Wealth Planning, LLC have any liability to you for damages, losses and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.

  • Jeff

CWP Sunday Morning Digest - Volume 13

CWP Sunday Morning Digest March 18th, 2018 | Volume 13



Sláinte!

I trust most of you had a good time last night celebrating the dear Saint Patrick, and I assume some of you celebrated him a wee bit too much and might be nursing Saint Hangover this morning.  It's all good.  It happens to the best of us.  Just mix yourself up one of those Irish Coffees I told you about last weekend!

As you read this, I am likely toiling away on a baseball field with my older son's team as we continue to prepare ourselves for a big trip to Las Vegas in a week and a half.  It's always a good time to go test our mettle against the teams from Arizona, California, and Nevada.  Wish us luck.  Maybe even a little of that Luck of the Irish, if you will.

14 Things I Believe (Jeff Brainard's version)

Leading off in slot #1 this week is the famed Stanford professor and author of The Asshole Survival Guide, Bob Sutton with his updated masterpiece 14 Things I Believe.

In honor of this great list and work Bob put together, I'm also going to give you my version of 14 Things I Believe.  Let's jump in...

1. As I state on my website, I subscribe to the notion that the majority of money problems are fixed by spending less and saving more (and making more, for that matter).

2. I struggle with the decisions that people make to handle personal financial issues on their own, and think they'd be much better off paying a professional to help them.  And then I remember that most of the financial professionals have made it very difficult to work with them due to a variety of restrictions.  That's why I wanted to get into this business in the first place and why my pricing structure is unique - to help as many people as I can.

3.  When you reach a certain age and level of income, I find it to be a necessity to purchase beer that comes in a bottle over that which comes in a can.

4.  Most people know the fun definition of insanity, often misattributed to Albert Einstein.  I think the modern version of the definition of insanity is trying to argue with someone about their political ideology on Facebook.

5.  Speaking of political ideology, it's always good to remember the important things you should avoid talking about when meeting someone new.  Politics, Religion, and College Football.

6.  There are very few people that care about your Fantasy Football Team, or whether your March Madness bracket is busted and it's probably not your wife/husband.

7.  We need more people willing to listen to people's problems as opposed to people that tell others how they're going to fix all of their problems. 

8.  Life doesn't have to be fair.  Please teach your kids this early or they will become very difficult to deal with as adults.  Adversity isn't a bad thing.

9.  Nice guys don't have to finish last.  And bad guys who win are still a**holes, not heroes.

10.  Everyone tells you to set goals to achieve success.  Goals are worthless without a methodical system that will guide you on a daily basis toward achieving those goals.  

11. Be grateful for what you have, and understand that luck has a lot more to do with your success than anything else.

12.  Treat all people with compassion, because you are no better nor worse than any other human being and you deserve to be treated with compassion, too.

13.  I believe work is something that you do to complete tasks and make things better, not a place where you sit at a desk for 9 hours a day.

14.  Quit telling everyone how busy you are.  It annoys other people and it makes you seem disorganized and cranky.  Try shifting your focus to all the great opportunities your life has provided you.

I think I believe a lot more things than that, but that's a good start.

Lifestyle Creep

Closing out our week in slot #2 is Peter Lazaroff discussing lifestyle creep and how to avoid it.

Lifestyle creep is a tough one for me.  On one hand, I agree that you should avoid things that you don't really need.  Case in point - I made the decision to purchase a BMW in the prime of my career because I thought, "hey, you deserve that."  Which is really stupid.  

What's also really stupid about it is what few people will tell you about a good luxury vehicle -- once it comes off it's warranty, not many people will pay you what you think it's worth if you want to sell it, and the cost of upkeep and maintenance is extraordinarily high.  Lame.

I also have seen many people over the years continue to reach and extend for a new house as their careers progress.  This is a really expensive habit, and one I would strongly discourage you on.  Find a house that you love that is right for your family and that you can afford, then stay there.  If you don't want to do that, you're probably better off renting in short increments.

On the other hand...I really don't think paying for better tickets to a concert or taking vacations constitutes as lifestyle creep.  And reference item #3 from my list above for what I think you should do about paying a little extra for beer in a bottle.  Get the big things right - your house, your car, where you send your kids to college - and you'll be fine.

That's all for this week.  What 14 things do you believe?  Feel free to send them to me.

Be great this week and never stop being kind!


Additional Reading




How to Avoid Lifestyle Creep - by Peter Lazaroff


14 Things I Believe (Updated for 2018) - by Bob Sutton