Byron Moore, CFP® and Mike Jones

Shreveport Times columns

Are you cut out to be an entrepreneur?

By Byron Moore, posted April 30, 2018
Originally published in the News Star and the Shreveport Times on Sunday, April 29, 2018.
 

husband wife negotiating_250.jpgQuestion: My wife and I are having a disagreement and want your input. I very much want to own and run my own business. I have had three different jobs in three years, each in a different field. I tell her I am trying to find the right field to suit me. She just wants me to settle down and hold a steady job. This sounds like torture to me. What should I do?

Answer: It has been said that every entrepreneur has committed employment suicide – that they are terminally unemployable.

Cost of healthcare

By Byron Moore, posted April 23, 2018
Originally published in the News Star and the Shreveport Times on Sunday, April 22, 2018.
 

grocery_sm.jpgQuestion: I was in the hospital recently and got my bill. It was unbelievable. Then I got something from the insurance company saying I didn’t have to pay that much. But I still have a very high deductible and a big co-pay. I don’t understand how the hospital says I owe one thing and the insurance company another. Who is right?

Answer: There is very little right about the process you’ve just experienced.

Imagine a world in which all the grocery stores were full of the best that money could buy (kind of like we have here in real life). The only thing these stores don’t have is a price tag. There are no price tags indicating how much any of the items in the store will cost you.

Cost of debt less than cost of human nature

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

worried couple discussing finances_250.jpgQuestion: Someone talked me into consolidating a bunch of credit cards I had with high interest rates. Now I have no idea how I ever made it when paying on all those cards each month. They said I would be able to save the money, but I haven’t been able to. What do I do now?

Answer: Begin by telling yourself the truth.

Financially sick, well or fit?

By Byron Moore, posted April 9, 2018
Originally published in the News Star and the Shreveport Times on Sunday, April 8, 2018.
 

overweight running_sm.jpgQuestion: I know that I am financially sick. I am not sure how to start a budget. My credit score is a total mess. I cannot even figure out how I got here. How do I get well?

Answer: When you’re driving, it’s a good idea to keep your eyes looking forward, with occasional glances into the rearview mirror to see where you’ve come from.

Facing facts is hard; denying them is harder

By Byron Moore, posted April 4, 2018
Originally published in the News Star and the Shreveport Times on Sunday, April 1, 2018.
 

Couple communicating about money_sm.jpgQuestion: My wife and I do not communicate well about money. I think she is too sensitive and she would probably say I am hard-headed. Every time one of us brings it up we usually fight. So we keep putting off dealing with it. We’ve got too much debt and we aren’t making any progress towards retirement. How do people like us deal with this?

Answer: How do “people like us” usually deal with these kinds of issues? They usually don’t.

They put it off until the problem is bigger and more difficult to resolve.

But that is a horrible strategy, especially when a solution is so simple to come by.

Why did you do that? Understanding our financial decision making

By Byron Moore, posted March 26, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 25, 2018.
 

decision making - thinking_sm.jpgQuestion: I have seen my own parents and some of my friends do some things financially and otherwise that just seem obviously dumb. Or at least shortsighted. The example I’m thinking of when they buy things with a credit card that will then charge them 18% for the privilege. But it could be any number of things. Why do you think people make these kinds foolish financial decisions?

Answer: Economists like to say people are rational.

Whenever I read that, I think, “Sure are…sometimes. But other times, they are fearful, other times resentful, other times prideful and once in a while, just plain dumb.”

Understanding financial side effects

By Byron Moore, posted March 19, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 18, 2018.
 

side effects_sm.jpgQuestion: Do you pay taxes on money you make when it’s in a mutual fund?

Answer: Generally speaking, yes.

I’m pretty sure every program on network television is currently being funded by drug company commercials.

What is the biggest unknown about retirement?

By Byron Moore, posted March 12, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 11, 2018.
 

red carpet_sm.jpgQuestion: I’m not the kind of person who likes surprises. In your experience, what is the biggest surprise facing most retirees and what can I do to get ready for it now?

Answer: Wow. That could be a long list.

Like the Oscars, an announcer might read from a cue card, “And the nominees for Biggest Surprise in Retirement are…” (drum roll, please)…

Your debt is proof you can save money

By Byron Moore, posted March 5, 2018
Originally published in the News Star and the Shreveport Times on Sunday, March 4, 2018.
 

credit card online shopping_sm.jpgQuestion: I have gotten into so much credit card debt that I don’t think I can ever save any money. How can I turn this around?

Answer: Actually, you are already saving money. You’re just doing it in reverse… and for someone else.

Budgeting made easy – stop budgeting, pt. 2

By Byron Moore, posted February 26, 2018
Originally published in the News Star and the Shreveport Times on Sunday, February 25, 2018.
 

abacus_sm.jpgQuestion: I keep trying to figure a budgeting system that will work for me. But I keep failing. Do you have a favorite app to recommend?

Answer: Most people hate budgeting for the same reason I hate counting calories. Eventually, you just get tired of fiddling with all the details and in a moment of frustration, you fall back into old habits.

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