One of the best places to invest your savings from your first paycheck is the retirement accounts: a 401(k) and Roth IRA. Why? Because investing $10,000 per year in your retirement accounts starting in your 20s will make you a millionaire in your 60s! What are 401(k) and Roth IRA? […]
» Read more
I often get asked, how do I start Reflection practice? How did I make it a regular part of my life? Starting regular reflection practice and continuing it can be frustrating. Over the years, I have realized that beginning the practice as a conscious and structured process helps in making […]
» Read more
What are social norms? According to the Oxford reference dictionary, social norms are “Common standards within a social group regarding socially acceptable or appropriate behavior in particular social situations, the breach of which has social consequences.” Social norms are unwritten rules of conduct; they are not legally binding rules, but […]
» Read more
When I talk to younger colleagues at work, the question “enjoy now or save for retirement” often comes up. When we hear about planning for retirement in our 20s most of us cringe. We immediately think about the frugality required to save for an unknown future which is decades away. […]
» Read more
Risk tolerance is defined as “an individual’s willingness to take risk when a possible outcome is negative”, according to the CFA Institute Research Foundation. In other words, risk tolerance is the willingness to accept negative outcomes in pursuit of favorable rewards in the future. The investment time horizon is one […]
» Read more
What is unconscious bias? Unconscious bias is learned social stereotypes that reside in our subconscious mind. They influence daily decisions in our lives, like where we live, the friends we make, or the people we hang out with without our realizing. Unconscious biases stem from the experiences we gain throughout […]
» Read more
All investments are associated with Risk. Even the safest investments such as the U.S. Treasury securities issued by the US Department of Treasury and Certificate of Deposits (CDs) issued by FDIC-insured banks or credit unions are associated with risk, Inflation Risk. What is Inflation? Inflation indicates a decrease in the […]
» Read more
Reflection is an essential part of accepting ourselves. This journey of training our minds we are on is not about being idealistic. It is not about blaming society or our parents for the things that work or do not work in our lives. Instead, it is about accepting ourselves without […]
» Read more
We human beings are social creatures and desire acceptance. We need to be accepted by our parents, family, friends, colleagues, and communities. Social acceptance brings comfort and security. Having a sense of a safety net helps ease the fear of the unknown, the fear of being lonely. From the time […]
» Read more
Why training your mind is important? Better health, meaningful relationships, achieving our full potential, and above all finding peace and joy was our motivation to start Training our Mind. Our Mind is the most powerful tool we have that stays with us from the time we are born. It controls […]
» Read more