So Many Financial Choices

If you’ve ever been to The Cheesecake Factory, you know they have a 21-page menu with 250 items.

That’s a lot to choose from.

Too much, if you ask me.

This is the paradox of choice, which suggests that the more options we have, the less satisfied we feel with our decision

I’ve written about this very idea before, over 10 years ago.

Psychologist Barry Schwartz wrote an entire book about it.

The subtitle of his book is “Why More is Less.”

Learning to choose is hard. Learning to choose well is harder. And learning to choose well in a world of unlimited possibilities is harder still, perhaps too hard.  – Barry Schwartz

Here’s a good overview of Schwartz’s book.

Whether you’re sitting down for a meal at The Cheesecake Factory, figuring out what to watch on Netflix, or making financial planning decisions, more choice isn’t always as appetizing as it may seem.

Thank You!

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Russ Thornton

My name is Russ. I’ve been delivering personal financial advice to clients and families for more than 30 years and have helped countless women get ready for retirement, care for their families, protect their wealth—and most importantly, live great lives.‍

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Many women simply don't get around to long-term financial planning. These are smart ladies who manage their household budget efficiently, spend responsibly, and contribute regularly to their savings. But ask them where they want to be in 10, 15 or 25 years, and whether their current savings and investments are on track to achieve those goals, and they draw a blank. Why is it, when we have a huge financial services industry centered around helping people answer these very questions, that planning for our financial future is so problematic?
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