The Battle Over a Fiduciary Standard for Financial Advisors

The Battle Over a Fiduciary Standard for Financial Advisors

When the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010, few people expected the heated debate that would ensue over applying a regulatory uniform standard for professional financial advisors .

The Securities and Exchange Commission (SEC) is the agency tasked with drafting a fiduciary or uniform standard to ensure that financial advisors are indeed placing the interests of their clients before their own. The proposed rule has the support from the White House and particularly from Neal Wolin, Obama’s Deputy Treasury Secretary. […]

What Motivated You To Be Financially Responsible

What Motivated You To Be Financially Responsible

This is an article by Shane of BeatingBroke.com as part of the Yakezie Blog Swap. This swaps’ topic is “What motivates you to be financially responsible.”

Motivation is a funny thing. It’s a word that we give to many things, all of which are things that drive us to do something. Often, when someone is particularly good at something, or, succeeds at something, we say that person was “motivated”. I like to use a term called Financial Intentionality. What it really boils down to is that our intentions for our money are what give us our motivation. They are what drive us to earn, save, and spend that money. […]