Personal Finance

Personal Finance is changing as we come to understand behavioral finance and the current economy better. One of the keys to smart investing in this era is sustainable investing, or investing in companies with vision for the growth of the future. Investing in things like emerging technologies, especially in the medical industry, will promote the kind of innovation that will provide for more million-dollar choices in the future, including the wealth of great health. Other technological advances can help us keep track of and quantify all of spending, which is beneficial to reaching financial goals. Behavioral finance remains one of the most relevant points when it comes to investing: money you never see isn't as painful to part with. One researcher, Roger Stein, has been innovating an ingenious method of risk management when it comes to investing in experimental medicine. His method will give good return options for pension plans etc., giving the everyday investor the opportunity to put their money where it can do a lot of good.

Shlomo Benartzi: Saving for tomorrow, tomorrow

Behavioral challenges and solutions to saving. Doing nothing is the default, therefore an automatic 401k contribution is the most efficient way to encourage saving. 

Chris Mcknett: The investment logic for sustainability

Investing in sustainable options could be a million dollar choice. Investing today changes tomorrow. It is easy to stick our heads in the sand when it comes to issues that effect our future sustainability, but focusing on ESG (environment, social, governments) is important for the future because it measures sustainability. Financial and ESG factors should be used to determine investing. 

Roger Stein: A bold new way to fund drug research

This investment is compelling and will improve medicine for our future. A compelling and sustainable investment opportunity for everyday investors. Investing in experimental drugs together reduces the risk and provides a noteworthy return. 

Daniel Goldstein: The battle between your present self and your future self

Good information, not extremely compelling. Commitment devices are important because they level the playing field between the future self and the present self, but they can become a crutch that weakens self-control. The savings rate has been declining over the past 10 years while the retirement risk index has been increasing. Using virtual programs to create a virtual time machine is an emerging way to remind people that the more they sacrifice now, the happier they will be later. 

John Gerzema: The post-crisis consumer

Compelling, explains good implications of the recessionThe economic crisis has changed the consumer to be more savvy and less frivolous. They keep their cars longer, utilize libraries, and create their own things. Values driven spending drives innovation and improves the future, this is a compelling hope. 

Larry Smith: Why you will fail to have a great career

Very compelling to choose your passion as your career. Choosing to pursue your passion as your career is one of the most important personal finance decisions in your life because you will have a great career.

Gary Wolf: The Quantified Self

Many million dollar choice technologies, but short and not that financial. Numbers give us a way of tracking everything in our lives including our spending, and new technology provides these numbers with much more ease. 

Joi Ito: Want to innovate? Become a "now-ist"

Not personally compelling but overall important. Technology is become smaller, cheaper, more efficient. The way we innovate has been changed forever by the internet.

Tim Jackson: An economic reality check

Not personally compelling but overall important.People are spending money they don't have to create impressions of wealth. Saving slows down economic recovery, investment should be towards a meaningful prosperity and social improvement, not things of now. Less materialism will promote true growth.

Mariana Mazzucato: Government -- investor, risk-taker, innovator

Engaging and informative but not personally compelling. The U.S. government is responsible for much of the innovation that's improved our lives recently. They have invested in projects like the internet, GPS, and touchscreens. They take many risks and can afford to do so because of the successes.