Byron Moore, CFP® and Mike Jones

Wisdom on Wealth

Stressful succession

By Byron Moore, posted July 14th, 2014

The following column was published in The News Star on Saturday, July 12, 2014.

Question: I own a business and my son has been with me in it for about ten years. I would like to think that one day I could go to the house and he could run it and eventually inherit it from me. But it just doesn’t seem like he’s catching on to what it will take to run this business. It takes a lot! It would break his heart to not get the business one day, but I’m not sure he can handle it? What do I do?

Answer: Do you feel like you’ve got to choose between your son and your business? A broken heart or a broken business? Some choice!

Intra-family loans

By Byron Moore, posted July 7th, 2014

The following column was published in The News Star on Thursday, July 3, 2014.

Question: We’ve gotten deeper into debt than I would have ever imagined possible. In addition to my house, we’ve got two car loans and four credit cards. We’re not behind on anything, but I’m paying nearly half my paycheck on loan payments! My parents offered to help, but with interest rates so low, they are struggling with lower income themselves. What do you suggest?

Answer: Cut out the middle man.

Podcast - Tightwad married to a spendthrift

By Byron Moore, posted July 2nd, 2014
The following segment first aired on KEDM 90.3 on Wednesday, June 4, 2014.
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Podcast - Your most valuable asset

By Byron Moore, posted June 30th, 2014
The following segment first aired on KEDM 90.3 on Wednesday, May 28, 2014.
 
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Habits of thrift

By Byron Moore, posted June 30th, 2014

The following column was published in The News Star on Saturday, June 28, 2014.

Question: My wife and I have struggled to be able to save money. There are just so many things that come up and we just don’t have that much money left over. How do other people do it?

Answer: One way to get the wrong answer every time is to ask the wrong question.

Reacting vs. responding to financial disagreements

By Byron Moore, posted June 23rd, 2014

The following column was published in The News Star on Saturday, June 21, 2014.

Question: Finances are a very volatile subject in our home. We’ve gotten to the place that whenever the topic comes up, I can feel myself getting mad. We actually do fairly well with most of the big stuff, but some little things can just set us both off. Any suggestions?

Answer: It sounds like you are both reacting.

Givers, takers and other kinds of inheritors

By Byron Moore, posted June 19th, 2014

Question: We have two children. Just to be blunt, one is a giver and the other is a taker. We own a business they both work in and I am worried that when we are gone, our taker will overwhelm our giver. How do we keep that from happening?

Answer:  Ever since Cain and Abel, siblings have been rivaling and causing their parents grief.

Investing Truth No. 8: Good news! Historically markets have risen over 2/3 of the time

By Mike Jones, posted June 19th, 2014

Most people think of investing as a personal activity that directly impacts their individual future.  However, most of what we are taught is really only applicable to investors en masse, i.e. the market-at-large, and over large periods of time.  Over the next several months I will share 10 points that I believe every investor should know prior to committing funds to any investment program.

Did you know that, since 1926, the annual return of the S&P 500 has risen 63 out of 87 years?

Income inequality

By Byron Moore, posted June 16th, 2014

The following column was published in The News Star on Saturday, June 14, 2014.

Question: I hear and read a lot about income inequality. There have always been rich people and poor people. I don’t really see myself as rich or poor. It doesn’t bother me that somebody makes more money than I do. Why is this a problem now? Has something changed?

Answer: It depends on whom you ask.

Has gold lost its shine?

By Byron Moore, posted June 9th, 2014

The following column was published in The News Star on Saturday, June 7, 2014.

Question: What’s happening with the downslide in the market price of gold? When can we expect gold’s price to increase?

Answer: The last time I wrote a column addressing the price of gold was 2007. At the time, gold was trading for about $700 an ounce. At this writing, gold is trading for a tad above $1200 an ounce. That’s about 8% growth per year.

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