Three decades ago I started talking to people about their financial plans and goals. Broadly speaking, when it comes to matters financial, there are two distinct groups of people – those who are comfortable with money, and achieve their financial goals, and those who always seem to struggle financially. I am not making a distinction[…]

In 1954, Yale University conducted a study on goal setting as a determinant of future performance. Members of the Yale graduating class were asked if they had identified their goals for future financial worth. Three percent of the students had written goals clearly identifying a dollar value, 11 percent had formulated goals in mind, while[…]