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Coins in a jar with a plant growing out of it that symbolize saving money. L.K. Benson gives opinions on this topic.

September News from L.K. Benson

Thanks to L. K. Benson for sharing with us.

Life Lessons from Jimmy Buffett

Our family was deeply saddened by the news of Jimmy Buffett’s passing on September 1st.  Jimmy’s life and music had a tremendous impact on many. This is evidenced by the outpouring of messages and support from celebrities and fans worldwide. Lyle and his family have been self-professed “parrotheads” for over 40 years.  In this article, Lyle shares a few of his favorite song lyrics and some of the many life lessons that Jimmy shared through his music.

Memento Mori

Jimmy’s death was another reminder that nobody is immortal and one day we will all die. It is summarized in the ancient Latin phrase “Memento Mori.” While it can be difficult to think about our death or to plan for what will happen after our death, remembering our mortality is important. These reminders can help us be more present in our everyday lives. they also help our loved ones after we are gone. In this article, Chris shares some things you should consider when reminded of your mortality.

Student Loan Repayment Scams

This past June, the Supreme Court struck down President Biden’s plan to cancel up to $20,000 in federal student loan debt for qualified borrowers. As a result, millions of student loan borrowers are scheduled to start paying back their loans in October after a three-and-a-half-year reprieve. Fraudsters and scam artists have already begun to prey on vulnerable borrowers. They are posing as legitimate debt relief companies, promising to help them repay their loans. Many of them use aggressive tactics, make false claims, and charge unnecessary fees. If you are getting ready to repay your student loans, you may be contacted by companies offering to help you. Before you take action, this articles highlights some signs that you might be dealing with a student loan repayment scam.

How to Get Rich and Famous From a Stock Market Crash

You might remember Michael Burry from the movie “The Big Short” about the global financial crisis. Burry, played by Christian Bale, made a successful bet that the housing market was about to go bust. The celebrity he earned from that trade has also attracted outsized attention, and he has frequently predicted similar market crashes that have not panned out. In this article, Spencer Jakab looks at the market returns in the six months after Michael Burry’s warnings, which should make you think twice about listening to any “expert” calling for an imminent market crash.

Overconfidence: How to Fail Spectacularly

Michael Burry isn’t the only one who suffers from overconfidence, which is a natural human state. As Shane Parrish explains in this article, “One way to restrain our tendency toward overconfidence is to habitually position ourselves in such a way that renders a prediction of the future unnecessary.

You might not know with certainty when the 100-year flood is coming, but you do know with certainty it will come. And that means you should leave yourself positioned accordingly.

The purpose of positioning is to make prediction unnecessary. You are prepared, or you are not. The argument for not preparing is one of efficiency. It’s more efficient to only prepare when you need to. Being prepared all the time carries a cost.”

A quote about the psychology of money by Morgan House, "Wealth is the nice cars not purchased. The diamonds not bought. The watches not worn, the clothes forgone and the first-class upgrade declined. Wealth is financial assets that haven't yet been converted into the stuff you see.

The views expressed represent the opinions of L.K. Benson & Company and are subject to change. These views are not intended as a forecast, a guarantee of future results, an investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial or legal advice or service to any person. Please see Additional Disclosures more information.

In addition, if you are interested in buying or selling your home, contact Gigi today. Oh by the way… I’m never too busy for any of your referrals!

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