Investment Help

If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.

Thursday, March 15, 2012

Need Help Saving?

Need help saving?  Give it to me, I'll save it for you.  Just joking!

Seriously, though, a problem people have saving is that they view their older selves as strangers.  After all, they have never met their older selves!  This is the interesting research finding produced by Hal Ersner-Hershfield et al. detailed in Social Cognitive and Affective Neural Science.  I learned about it at the Investment Fiduciary site.  It is reasonable that, if we see our older self as a stranger, it makes it more difficult to save - especially for retirement.

Today there is a way to overcome this hurdle because there is (you guessed it!) an app that will take a current picture and age it digitally so you can meet your future stranger self!  The app is a $0.99 iPhone app called AgingBooth.

You can see my aging picture on the main page to this blog :)

I hope they come up with an app soon that makes us all younger so we can save more at an earlier age!

4 comments:

  1. Conflicting advice here! :)

    "Need help saving?"

    "if we see our older self as a stranger it makes it more difficult to save"

    "an app that will take a current picture and age it digitally so you can meet your future stranger self!"

    Hey you want me to save or not?! ;)

    ReplyDelete
    Replies
    1. Good point. I need another sentence in there. If we meet our older self then our older self is no longer a stranger and it is easier to save for our older self. I hope that makes it clearer.

      Delete
  2. I don't want to see my older self yet. It may take away my enjoyment of food, amongst other things JK :-)

    ReplyDelete
    Replies
    1. I don't think you need to see your older self. From reading your blog I know you have a nice balance and have thought out the relationship between saving, frugality, and earning an income.

      Delete