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Behavioral Finance 101: Why Smart People Make Dumb Money Decisions

Behavioral Finance 101: Why Smart People Make Dumb Money Decisions

by Doug Stevenson Bowdoinham Maine | May 26, 2025 | Doug Stevenson Bowdoinham Maine, Finance

If money is just math, why do so many intelligent people make poor financial choices? The answer lies in behavioral finance—a field that studies how psychological biases and emotional reactions influence financial decisions. Understanding these behaviors can help you...
The Invisible Costs of Debt: How Interest, Time, and Behavior Affect Your Bottom Line

The Invisible Costs of Debt: How Interest, Time, and Behavior Affect Your Bottom Line

by Doug Stevenson Bowdoinham Maine | Apr 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance

Debt often starts with good intentions—a new car, an education, or a home. But what begins as a necessary financial step can easily turn into a long-term burden if not managed carefully. While the monthly payment may seem manageable, the real cost of debt is often...
Beyond Budgeting: How to Build a Financial System That Supports Long-Term Goals

Beyond Budgeting: How to Build a Financial System That Supports Long-Term Goals

by Doug Stevenson Bowdoinham Maine | Apr 24, 2025 | Doug Stevenson Bowdoinham Maine, Finance

Budgeting is often the first piece of financial advice we hear—and for good reason. It’s a foundational tool that helps track spending and keep expenses in check. But if your financial aspirations go beyond paying monthly bills, a basic budget may not be enough. To...
Financial Freedom vs. Financial Independence: Understanding the Key Differences

Financial Freedom vs. Financial Independence: Understanding the Key Differences

by Doug Stevenson Bowdoinham Maine | Feb 20, 2025 | Doug Stevenson Bowdoinham Maine, Finance

Many people use the terms “financial freedom” and “financial independence” interchangeably, but they are not the same. While both concepts revolve around having control over your finances and reducing financial stress, they have distinct...
The Financial Benefits of Going Green: Sustainable Investing Explained

The Financial Benefits of Going Green: Sustainable Investing Explained

by Doug Stevenson Bowdoinham Maine | Jan 28, 2025 | Doug Stevenson Bowdoinham Maine, Finance

Sustainable investing is no longer just a trend; it has become a critical approach for investors looking to align their financial goals with environmental and social values. This strategy, often referred to as Environmental, Social, and Governance (ESG) investing,...
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  • Behavioral Finance 101: Why Smart People Make Dumb Money Decisions
  • The Invisible Costs of Debt: How Interest, Time, and Behavior Affect Your Bottom Line

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