So, what does economics have to do with personal planning?

Peter Boettke is a professor at George Mason University.  In fact, he may have been working on his PhD while I was finishing my undergraduate degree there.

Attached is a Wall Street Journal article (08/28/2010) on Boettke.  What struck me is his current research.

“…Boettke, whose latest research explores people’s ability to self-regulate,…”

My profession is personal financial planning.  One of the challenges I had early in my profession was the traditional approaches taught as truths.  What many of the approaches failed to capture was the individual’s ability to self-regulate as new information becomes available.  We are acting beings and make adjustments all the time.  Why shouldn’t our approaches be flexible to capture these adjustments?

Thankfully, I have found an approach that helps individuals capture their passions and helps them make adjusts as new information becomes available.  As life happens, we change.  Our values and what we feel is important changes.  Capturing these variables to help make better decisions is the sign of a good confidant.

The solution, of course, is to measure your goals against your resources and making adjustments through time.  Self-regulating is what we do everyday.  It is a natural response to our surroundings and opportunities.

http://online.wsj.com/article_email/SB10001424052748703418004575455911922562120-lMyQjAxMTAwMDIwNzEyNDcyWj.html

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About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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