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Saving More Is Easy If You Eliminate Obstacles

Category: Financial Planning » Behavioral Finance
By Jason Brown
02/17/2022

I listened to a great show on the Hidden Brain podcast a couple months ago: Work 2.0 – The Obstacles You Don’t See. The big takeaway was that often the path to success is not about more motivation but removing obstacles. I think the podcast has had a big impact on my life already. Let me explain.

Keep Your Eyes on the Horizon and Wings Level

Category: Financial Planning » Behavioral Finance
By Reed Rinderknecht
02/09/2022

We often get asked by clients about different ideas they heard from a friend, a new exclusive deal they got invited into, or, most frequently, a specific company or stock that a friend gave them the scoop on. The reality is that a lot of the “great ideas and deals” never amount to any real return, and many end up going to zero. 

The Influence of Trust

Category: Financial Planning » Behavioral Finance
By Jason Brown
10/11/2021

A good relationship with our clients comes down to a handful of things. One of those things is whether a client trusts that we know more than they do about the type of investing we do at Foster Group.

You Will Have Forgotten Monday, July 19

Category: Financial Planning » Behavioral Finance
By Jason Brown
08/26/2021

By the time you read this, you will have most likely forgotten today. My guess is that you won’t remember what went on this day. You might remember a feeling or thought you had when you heard what was happening in the stock market. But then, you sent an email, mowed your lawn, took your dog on a walk and ate something healthy, like broccoli, for dinner.

Asking the Right Question

Category: Financial Planning » Behavioral Finance
By Ross Polking
03/13/2020
As a paramedic, my dad built a career out of caring for people, and in virtually every instance, did so by starting with one simple question: "What hurts?" For over 30 years now at Foster Group, we've been asking the same question. 

Confirming What You Know

Category: Financial Planning » Behavioral Finance
By Kyra Wells
12/17/2019
Even though I’ve been helping married clients with their money for years, I realized we needed help. Were we thinking about things in the right way? Were we asking the right questions? Were we doing a good job of listening to each other and respecting our differences? 

Money Can’t Buy Happiness, or Can It

Category: Financial Planning » Behavioral Finance
By Caleb Brown
10/29/2019
The book Happy Money: The Science of Happier Spending by Elizabeth Dunn & Michael Norton has changed the way I think and feel about spending. It’s based on academic research that identifies ways that spending can increase our joy, something I didn’t think possible before reading this book!