Sunk costs are a mental trap that we can easily fall into. We can convince ourselves that we somehow have to make up for or recover from some mistake that we’ve made. We must make good on that deal or fix that problem before moving forward. The ultimate irony is that focusing on sunk costs keeps us from moving forward.
Inflation is a constant conversation right now. It’s all over the news and media. People want to know how bad it will get and what it means. What is the Fed going to do about it? James will talk about the practical understanding of inflation and how to think about it in this environment.
Retirement is a big step. Some retirees transition to this season of life very well, while others struggle. If you are beginning your retirement phase or getting close, this episode will help you avoid some of the biggest mistakes so that your retirement is healthy and happy.
You might have expected a post-pandemic, post-lockdown world to move a bit slower, but it somehow pushed us deeper into the need for productivity! In this week’s episode, James looks at the ways we define ourselves by our output, how we can go against this impulse, and 4 questions to help you maintain a healthier mindset.
Wealthquest has stretched its legs from Cincinnati to Chicago and Naples – we’re growing! So we’ve had to bring in some new faces. Take a look below and meet some of our recent hires.
Why do we believe pessimists and shrug off optimists? In this week’s episode, James makes a case for optimism and uncovers the reason we believe pessimists more than optimists.
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Living a Rich Life: The No-Regrets Guide to Building and Spending Wealth, by James Lenhoff
Latest Episode of The Rich Life Podcast
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