Risk Management (Without Insurance)

Insurance is not the only way to manage risk. In the near future I will be an expert* on risk. In fact, I’m actively working on that goal now. My dissertation in Behavioral Economics and Financial Planning will be based entirely on an individual’s perceptions and measurement of risk. But what is risk? What does it actually mean? And what are the ways we can manage risk? Can we manage risk without insurance?

free climberRisk management can become a dirty word in financial circles. Although planning for and understanding risk is fundamentally necessary in all aspects of life, many individual’s interaction with sellers of insurance and risk management products are less than savory. Insurance, and especially life insurance, is seen as an entry point into the risk management industry and fraught with many inherent conflicts of interest. The underlying assumption for many individuals is that risk is managed with insurance. Sure, insurance plays an important role, but risk management is much more than simply insurance.

Risk is a broad subject. It can be thought about in terms of physical risk (safety, war, etc), financial risk, business risk, health risk, or even environmental risk. For the scope of this article, I’ll focus on personal risk, which we have some capacity to control. Continue reading Risk Management (Without Insurance)

Real Food and Plant Based Diet

Nutrition makes me come alive. I enjoy it so much that I try my best to live a healthy lifestyle everyday. I’m passionate about helping others understand nutrition and implement  changes into their own lives as well. It’s one way that I can extend love to others. Giving them the information and tools to live a healthy life and feel good from the inside out. It’s not easy, but it’s so worth it! Once you decide, take action and start to experience the benefits, you will find that there is a motivation that will start to well up inside of you. Then it will come more naturally.

So, why am I telling you this? As a Registered Dietitian, I want to give the best nutrition advice I can. And I’ve come to the conclusion that nutrition is constantly changing and becoming more and more confusing for the average consumer. What is the best diet? I get asked that all the time. It’s hard to pick one, but it is difficult to beat the simplicity of eating real food and mostly plants. And I want to tell you why.

“Let food be thy medicine and medicine be thy food” -Hippocrates

Why a Plant Based Diet?
produceI know after reading those words, there is already some push back. I hear you. I like meat too. And dairy. And eggs. A plant based diet seems impossible to many of us. Especially living in America and constantly being bombarded with the idea that we deserve fried chicken, a nice filet, or the next triple patty burger. But, have you ever considered what you are actually putting into your body when you eat that kind of stuff? There is a lot of speculation, but I won’t get into that in this post. Our bodies run off of the food we eat. We need good, nutritious fuel to keep us going. When it all comes down to it, I have realized whole foods (fruits, vegetables, and whole grains) are truly the building blocks of a healthy diet. As Michael Pollan said in The Defense of Food, “Eat food. Not too much. Mostly plants”. Continue reading Real Food and Plant Based Diet

The Bliss Point of Personal Consumption

On a scale of 1 to 10, how good are you at extracting maximum satisfaction from each dollar you spend? How well do you perform when you measure yourself? If you were to spend $100, what would give you the most joy? Take a few moments to brainstorm: What in your monthly spending gives you the most joy? The least? What spending is mindless and what is mindful?

old cokeHave you ever had a drink that was too sweet? In the book Sugar, Salt, Fat, researchers discuss the exact amount of sugar it takes to make people crave sodas. Too little sugar and the individuals prefer sweeter; however, too much sugar makes people sick. There is a point where the joy of consumption is maximized- the Bliss Point. It’s a Goldilocks’ dilemma. What about alcohol? There is a point where alcohol makes you feel a buzz, but if you consume too much you are guaranteed to feel terrible. Money works in the same way. Consuming too little leaves us feeling deprived, yet consuming too much leaves us feeling gluttonous and overindulgent. The quicker you can examine yourself and determine your personal bliss point, the greater satisfaction you will be able to experience. Continue reading The Bliss Point of Personal Consumption

I Need More Than a (Financial) Pill

Everybody wants a pill. People want a quick and easy fix. It takes real work to dive under the surface and address the true challenges we face. We are often too tired, too lazy, and too comfortable to initiate any type of real change in our life. We don’t want to change, we just want our problems fixed. So, we ask for a pill. The trouble is, even when we get a pill, we end up just treading our symptoms instead of actually addressing the underlying problems in our lives. Sure, it makes us feel better for the moment, but does it actually make our lives better?

Debt, weight loss, relationship communication, stress, poor sleeping habits, addictive substances? Sure, a pill will fix all of those.

money pill“I don’t want to work any more or spend any less but I’d like to get rid of this debt. I don’t want to eat any differently or exercise at all, but help me lose 50lbs. I want my relationship to be better with my _________ but I don’t want to be uncomfortable working though current and past issues. I want to feel healthy and wake up feeling good on weekend mornings but I’m not ready to give up cigarettes or alcohol. We see it all around us. We see it in ourselves. We often have major issues that need to be addressed but rarely have the emotional fortitude to address the challenges head on. It is a lot easier to take a pill. It is much harder to fix ourselves. Continue reading I Need More Than a (Financial) Pill