You have to ask yourself, what are the things that matter to you most in your life? If you have to have a latte every day that'snice to have right now, but if you take that latte every day right now, you may wind up eating cat food when you are 70. And you have to decide which is worse.

All the things that make us human make us terrible investors and you have to understand what they are and how to avoid them.

Do the math. Expect catastrophes. Whatever happens, stay the course.

When it comes to fund managers and market strategists, this year's hero usually turns into next year's zero.

A fast food job, for most people, should be an entry level position. If you see no path for advancement beyond that, it's time to take a real fast look at your human capital and learn a skill that will make you more money.

It's bad enough that you have to take market risk. Only a fool takes on the additional risk of doing yet more damage by failing to diversify properly with his or her nest egg. Avoid the problem-buy a well-run index fund and own the whole market.

The reason that 'guru' is such a popular word is because 'charlatan' is so hard to spell.