Byron Moore, CFP® and Mike Jones

Wisdom on Wealth

Are You Afraid of the Wrong Thing?

By Byron Moore, posted July 17, 2018

The following segment first aired on KEDM 90.3.

When it comes to fiances, are your fears misplaced?

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Repeat Offender

By Byron Moore, posted July 16, 2018
Originally published in the News-Star and the Shreveport Times on Sunday, July 15, 2018.

I’m a repeat offender.Back pain_small.jpg

A two-time loser. Maybe three. Incorrigible. I wonder if there’s a registry somewhere I’ve need to be on.

It started about fifteen years ago. I decided I would switch things up in my exercise routine by taking up cycling. Unfortunately, the borrowed bicycle I was using wasn’t the right height for me (who knew bicycles came in sizes?). As a result, I aggravated my middle-aged back. It was my first foray into the world of back pain.

But it wouldn’t be my last.

Like any good ex-jock, I determined to push through the pain. That was a mistake.

I spent the next several months in a doomed loop of exercise, injury, lay off just long enough to feel better but not get better, rinse and repeat. If you’ve ever suffered from chronic back pain, you know there is no shortage of opinions as to how to effectively treat the issue. You’ve spent many sleepless nights reading up on this stuff, unable to rest due to your pain.

Tax Cuts v. Tariffs

Posted July 12, 2018

Mike and Byron discuss the recent tax cuts and tariffs.

 

 

Mortgage Choice - Economic or Emotional?

By Byron Moore, posted July 10, 2018

The following segment first aired on KEDM 90.3.

How do you balance your emotions with sound economics when it comes to a mortgage?

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Suicide by Shortcut: Denial, Decoys, or Dedication

By Byron Moore, posted July 9, 2018
Originally published in the Shreveport Times on Sunday, July 8, 2018 and the New-Star on Monday, July 9, 2018.

Drowning Piggy Bank_small.jpg

The problem with the conveniences of a short cut are the consequences in the long-term. 

Reese and Kyle were one of the 40% of first time home buyers who hadn’t saved any money (at all!) for a down-payment. What to do?

No problem! Crowd sourcing to the rescue! HomeFundMe showed them how to solicit donations from parents and friends (online, so it was cool) so they wouldn’t actually have to go through the yucky process of saving money. 

Another option they had, according to the Wall Street Journal story about them, was borrowing the down-payment from Loftium. All they had to do was agree to rent out a room in their house on Airbnb and share the income. 

Is it just me, or does anyone else remember what happened ten years ago when we let a lot of people buy houses with no skin in the game? What happens when hard times come and they cannot (or no longer wish) make the mortgage payments? See ya!

Will My Family Be Okay Without Me?

By Byron Moore, posted July 3, 2018

 

Many people wonder how much life insurance they should own. While there are many factors which go into this decision, I find the concept of human life value to be one of the most helpful. This video does a nice job of explaining this concept.

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Thinking Like an Investor

By Byron Moore, posted July 2, 2018
Originally published in the News Star and the Shreveport Times on Sunday, July 1, 2018.

 

“Should I be worried?”Stock Market Question_small.jpg

In my world, you get this phone call on a regular basis. I’m actually glad to get it, because it gives me an opportunity to remind folks what we are doing and what we are not doing.

“The market was doing so well last year, now it’s really slowed down. Should I be worried?”

He was right. The stock market did extraordinarily well in 2017, much to the surprise of nearly everyone. Depending on which measuring stick you use, the United States stock market was up anywhere from 21% to 28% in 2017.

Now, things seem to have taken a pause. Is it North Korea? Or corn prices? What about all these new tariffs? The new tax law? The president? The congress? The Illuminati exercising secret mind control over the markets?

The Path to Financial Maturity

By Byron Moore, posted July 2, 2018

The following segment first aired on KEDM 90.3.

How can you or your children  learn financial maturity?

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What You Must Do If You Want to Sell Your Small Business (Part 2) (5:09)

By Byron Moore, posted June 26, 2018

The following segment first aired on KEDM 90.3.

Learn how to develop the people who are the key to your small business.

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What Were You Thinking?

By Byron Moore, posted June 25, 2018
Originally published in the News Star and the Shreveport Times on Sunday, June 24, 2018.

 

She had promised herself she wouldn’t cry in my office.Will and Testament_small.jpg

“What was he thinking?” she asked, taking a deep breath and pausing to hold back the tears.

It wasn’t supposed to end this way. Her husband had started his business from scratch, striking out on his own when he was just 32. They worked as a team to raise a family and start a business. It was so tight in those early years, but all she could remember were the good times.

Within ten years he was hiring more staff and opening a second location to serve the needs to a growing clientele. He was a supplier to a specialty niche in his industry and he became known for his responsiveness and customer service.

For years the business had been successful, as far as she knew. There was always enough money and even though his travel schedule was at times demanding, he seemed to strike a balance between hard work and time with her.

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