Context matters

Happy New Year!!

Resolutions, plans, goals, budgets – how often have you seen them in the headlines in the past week??? And how often have you thought “I gotta get me some of those – after …” (fill in the blank). When I saw the headline of Ron Lieber’s column in last week’s NYTimes, “An Annual Checkup for Your Financial Health” , I almost skipped it, assuming it was going to be “more of the same” – and that would have been my mistake. Thank you, Mr. Lieber, for giving us context – reminding us that the Dow Jones represents 30 stocks, that reaching 18,000 means it was up slightly more than 5% this year, and that making incremental changes can make a big difference over time. Above all, thank you for reminding us that context matters – and that – just like your personal, physical health, your personal financial health is just that: yours alone. And it is affected first and foremost by what you do with it – or to it – every day. So, what will today bring?

Happy New Year.

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Finance Is Personal: Making Your Money Work for You in College and Beyond

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(Dr. Tomas Chamorro-Premunzic, professor of business psychology at University College London, visiting professor at Columbia University, vice president of research and innovation at Hogan Assessments, and the co-founder of

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