The author and columnist shares insights about rising interest rates and mortgage paydown, crypto and meme stocks, and his own financial journey and portfolio….(read more)

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Jonathan Clements is a well-known personal finance author and journalist who has been writing about money for over 30 years. In his book, “The Little Book of Main Street Money,” he emphasizes the importance of taking the long view when it comes to personal finance. According to Clements, this means being patient and disciplined, and focusing on the things that matter most in life.

One of the hallmarks of people who are financially successful, according to Clements, is humility. This may seem like an unusual trait for someone who has achieved great financial success, but Clements argues that it’s essential. Humility, he says, helps people stay grounded and keeps them from making impulsive, short-term financial decisions.

Clements believes that people often get tripped up by their ego when it comes to money. They think they’re smarter than the market or that they can outsmart their peers. They become overconfident, taking on too much risk, and making poor decisions as a result. Clements warns that this kind of ego-driven behavior can lead to financial ruin.

Instead, he advocates for a humble approach to money. This means recognizing that there’s a lot we don’t know, and that we can’t predict the future. It means being willing to admit when we’ve made a mistake and learning from it. It also means focusing on our long-term goals, rather than trying to get rich quick.

One of the ways that humility can help us stay on track financially is by keeping us from getting caught up in the latest financial fads or trends. Clements argues that too many people are always looking for the next “hot” investment or the next big thing in the market. They chase after returns instead of focusing on their overall financial goals. This can lead to a lot of stress and anxiety, as well as poor financial outcomes.

By contrast, a humble approach to money means being patient and disciplined. It means recognizing that there will be ups and downs in the market, and that we need to stay the course, even when things get tough. It means focusing on the things that matter most in life – like our relationships, our health, and our well-being – rather than on our bank accounts.

In the end, Clements believes that the key to financial success is focusing on the long view. This means being humble, patient, and disciplined – and remembering that the things that matter most in life can’t be bought with money. If we can keep this perspective, he argues, we’ll be much more likely to achieve financial success – and to enjoy a happy, fulfilling life along the way.