Jonathan Clements: 'It's in Wall Street's Interest to Make Everyday Investors Think That They Are Stupid'

<p>Our guest on today's podcast is Jonathan Clements, the founder and editor of the website HumbleDollar. Clements has been a prolific and influential writer over his several-decade career. Prior to starting HumbleDollar, he was the longtime money and investing columnist for The Wall Street Journal, where he wrote more than 1,000 columns. After he left The Journal, Clements spent six years heading up investor education at Citi Personal Wealth Management. He has also authored seven investment books and a novel, including the Jonathan Clements Money Guide, How to Think about Money, and From Here to Financial Happiness.</p> <p> <p><strong>Background Information</strong></p> <ul> <li><a href="https://humbledollar.com/about/jonathan-clements/" target="_blank">Jonathan Clements bio</a></li> <li><a href="https://humbledollar.com/" target="_blank">HumbleDollar</a></li> <li><a href="https://humbledollar.com/books/" target="_blank">Books by Jonathan Clements</a></li> </ul> <p><strong>Related Links</strong></p> <p><strong>Frugality and Setting Financial Goals</strong></p> <ul> <li><a href="https://en.wikipedia.org/wiki/FIRE_movement" target="_blank">FIRE Movement Wikipedia entry</a></li> <li><a href="https://humbledollar.com/money-guide/spending/" target="_blank">HumbleDollar's Spending Guide</a></li> <li><a href="https://humbledollar.com/money-guide/saving/" target="_blank">HumbleDollar's Saving Guide</a></li> <li>"<a href="https://www.wsj.com/articles/can-money-buy-happiness-heres-what-science-has-to-say-1415569538" target="_blank">Can Money Buy Happiness?</a>" by Andrew Blackman (Nov. 10, 2014, <em>The Wall Street Journal</em>)</li> </ul> <p><strong>The Role of Advisors in Improving Outcomes</strong></p> <ul> <li><a href="https://www.morningstar.com/articles/932105/kitces-the-model-has-to-change-again" target="_blank">Michael Kitces on "The Long View" podcast</a></li> <li><a href="https://humbledollar.com/money-guide/great-debates/" target="_blank">Great Debates</a> on HumbleDollar's s