Could You Fail The Marshmallow Test And Still Save Money?


Pele Young was a dolphin trainer at the Oceanaria Colombia.

It’s on a tiny island off the Colombian coast of Cartagena. Tourists arrived a few times a day.

“That was a great time in my life,” she remembers. “I slept in a shack without running water. My entire wardrobe consisted of one long t-shirt and a bunch of bathing suits. I fell asleep to the sound of the dolphins playing in their enclosures. I loved every minute of it.” Pele didn’t want to leave.

But her father was getting worried.

Image by Pixabay

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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3 Responses

  1. Andrew says:

    Hi Andrew,
    I currently have a portfolio of 30% STI ETF, 30% VEA, 30% VOO, and 10% Bond funds. I have been monitoring every month, and given the recent changes in the world such as Brexit, Trumps election, Singapores economy slowing down, is this portfolio still going to be viable? I am looking into VSS, other vanguard ETFs that are performing better than say VEA/STI ETF, which has not been increasing at all. VOO is doing fine though. Would your advice be to just stick to what I have forever? Thanks so much!

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