An Introduction

Hi. Welcome to BourGroup and my blog. Phil

Phil Bour is a CERTIFIED FINANCIAL PLANNER(tm) professional since 2004, a Magna Cum Laude college graduate and an accounting professional for over 35+ years. I love numbers, statistics and economic history.

I am also an Enrolled Agent (EA) to represent taxpayers before the Internal Revenue Service and to prepare tax returns.

"Phil"osophy: I believe that you can manage your money on your own (not necessarily through individual stock selection but through mutual funds, ETF's and other solutions) once you receive some one-time, professional guidance. Why pay annual fees when there may be little added value? For additional information, first read the "An Introduction" label at the left. Then move on to others.

Friday, August 5, 2011

Is It A Return Problem?

Thank you to Rick Adkins and his July 2011 article in the Journal of Financial Planning entitled "Guilt, Ego and Monthly Paychecks Threats to Wealth Building". There he states "...most of us don't have a 'return' problem, we have a savings rate problem caused by a consumption problem..."

Even with the market volatility, or because of it, saving and investing still needs more attention. So pay attention. Don't be like the lyricist/singer in a great blues song (title unknown) that says "...I'm so broke, I can't even pay attention..."