HumbleDollar/Five Freedoms

JAN. 25, 2020

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Five Freedoms

By Jonathan Clements

FOR THREE YEARS, I lived on Roosevelt Island, in the middle of New York City’s East River. It’s a wonderful place—a quiet, friendly, low-crime oasis in the middle of one of the world’s largest, most frenetic cities.

During my time there, the Franklin D. Roosevelt Four Freedoms Park opened on the island’s southern tip. The park is named after a 1941 FDR speech, where he articulated “four essential human freedoms”: freedom of speech, of worship, from fear and from want.

FDR’s speech was inspiring. Managing money is altogether more prosaic. Still, I’d argue that our pursuit of money is also about a hunger for freedom—with five dimensions:

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Latest Articles

BELOW ARE the six articles published by HumbleDollar since last week's newsletter:

Why do investors persist in trying to beat the market? Drawing on the work of behavioral finance expert Meir Statman, Robin Powell lists eight key reasons.
If you want to raise money-savvy kids, set a good example, talk about your own finances and tell family stories that illustrate the values you hope to instill.
How many different ways can we mess up financially? To complement last week’s list of investment sins, John Lim offers a dozen personal-finance sins that we should all strive to avoid.
After her husband's death, Catherine Horiuchi grappled with her family's spending: "Do I cancel Netflix, since we no longer sit on the sofa after the kids go to bed and watch a movie together?"
Want to make the most of your health savings account? Rick Connor discusses his HSA strategy.
"Personal finance is bedeviled by paradoxes, so no individual—no matter how rational—can always make optimal decisions," argues Adam Grossman, who cites seven conundrums.

This newsletter, a product of Jonathan Clements LLC, contains the opinions and ideas of its author. It is distributed with the understanding that the author is not engaged in rendering legal, financial or other professional services. If a reader requires expert assistance or legal advice, a competent professional should be consulted. While the author has endeavored to ensure that this newsletter is timely and accurate, the author makes no representations or warranties with respect to the accuracy or completeness of the contents. The author specifically disclaims any responsibility for any liability, loss or risk, personal or otherwise, which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this newsletter.

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