The Daily Meaning

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Archive
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Behavioral Science, Meaning Travis Shelton Behavioral Science, Meaning Travis Shelton

Meanwhile, Everyone Else Is Spinning

Meanwhile, everyone else is spinning in circles. Most of the "must be nice" people around us are so busy spending money on things that don't actually matter to them that they don't leave margin to invest in things that do. This isn't some provocative theory; it's a recurring theme I've observed in countless families. It's so easy to fall into this trap!

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Parenting Travis Shelton Parenting Travis Shelton

Just Meet Them Where They’re At

Yesterday was a big day in the Shelton household. Finn and Pax's first-ever debit cards arrived in the mail. They had been counting down the days, and they couldn't have been more excited to receive them.

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Parenting, Meaning, Impact Travis Shelton Parenting, Meaning, Impact Travis Shelton

Childlike Wonder

I often wonder at what age most of us lose that zest, that imagination, and that wonder. There's a moment in life where we go from having that childlike wonder to getting hit with a blast of reality. It's like our dreams, creativity, and imagination were robbed from under our noses without us even knowing it.

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Meaning Travis Shelton Meaning Travis Shelton

Freedoms

On July 4th, 2009, I didn't exactly feel free. I had recently moved to Iowa in what can only be described as an involuntary relocation. My company in Kansas City had been shut down, everyone fired, and I had a gut-wrenching decision in front of me.

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Meaning, Impact Travis Shelton Meaning, Impact Travis Shelton

The Wrong Scorecard

I just had a heartbreaking conversation with an acquaintance. He's in his mid-50s, married, with two children who are about to graduate from high school. He confidentially shared this with me, but also asked me to anonymously write and podcast about it.

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Budgeting Travis Shelton Budgeting Travis Shelton

Just Until You Die

Truthfully, once budgeting becomes a steadying force in our financial lives, it's impossible to envision life without it. I can't even fathom going a single month without a planned and executed budget. That would feel weirder than wearing only a Speedo to work. It's unconscionable!

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Parenting, Spending Travis Shelton Parenting, Spending Travis Shelton

They’re All Right

During one such conversation, my young friend said she's heard all sorts of anecdotes about how much it costs to raise children. Some people told her it costs very little, while others say it costs an arm and a leg. My response: "They're all right."

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Investing Travis Shelton Investing Travis Shelton

Well, Well, Well

And just like that, the U.S. stock market is at a new all-time high. Remember just two months ago when people were decrying the end of America and the utter destruction of millions of Americans' retirement accounts? Those were fun times.

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Meaning, Investing Travis Shelton Meaning, Investing Travis Shelton

They Shot the Elephant

In a recent meeting with one of these couples, I was writing a bullet list of possible uses for their taxable investment account. As soon as I wrote the word "pre-60 retirement," they asked me to erase it. "We don't want to retire. We like to actually live our lives and have purpose."

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Spending Travis Shelton Spending Travis Shelton

The Market Value of Water

Social media is abuzz right now after leaked documents show a particular pair of Nike shoes costs $16/pair to manufacture, including all materials and labor. The selling price for said shoe? $180/pair. That's an 11x markup, or stated in terms of gross margins, 91% gross margin.

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