Why money lessons are expensive...

In school, you are given a lesson then a test. In life, you are given a test and then...

In school, you are given a lesson then a test. In life, you are given a test and then you learn a lesson. And money lessons can be expensive. The more you can do to continually educate yourself about how to build and protect your wealth, the better position you will be in. Whether it's a market downturn, economic contraction, or an unexpected event in your own life. Here are a few resources this week to help you make smart choices with money… First Up Are you worried about paying your bills or how to respond to future market downturns? I teamed up with Linkedin to share my thoughts on how to respond to a pay cut, tips for those concerned about an economic downturn, and how to respond financially in different stages of life (like a college grad vs. those ready to retire). Helpful time stamps: 4:15: How to respond if you have recently taken a pay cut 9:50: How different people in different stages of life should think about finances right now 15:20: My tip for those who concerned about future downturns in the economy Watch the interview on "Business Unusual" here. Is now the time to buy individual stocks? You may look at stocks with steep declines and think to yourself, "There's no way those companies are going out of business. This dip is temporary and it's inevitable that they'll bounce back." But any time you start making investment predictions like these, you're in dangerous waters. Optimists will prevail. We are facing risks unlike any we've dealt with in our lifetimes. Being told you're in danger triggers all your evolutionary defense mechanisms intended to keep you safe. Unfortunately, none of these instinctive reactions are useful in the arena of long-term investing. What I Am Reading Here is a quick look into what has been on my digital desk these last few weeks… The Anatomy of a Rally (Howard Marks) Interview with Marc Andreesen (The Observer Effect) News by the Ton: 75 Years of U.S. Advertising (Benedict Evans) Stop Preparing for the Last Disaster (Farnam Street) To making money simple, Peter Lazaroff Schedule a call to work with me.

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Peter Lazaroff, P.O. Box 440113, Saint Louis, MO 63144, United States