This is for the person who feels financially “gloomy.” Keep reading only if: (a) you’re convinced the economy will be bad for a while; and (b) because of that belief, you’ve put a halt to investing and all other financial moves. I understand why you feel cautious. I get wanting to be safe and watch […]
What to Do in (Financially) Gloomy Times Read More »
Should you be part of a large investment group and guarantee a large loan for a business deal? It depends on a number of factors: Remember, when farmer Brown comes into the barnyard with a hatchet in his hand, not all the chickens are at risk…just the fat ones. Consider the case of Mark Brunell.
Before You Invest in that Sweet Deal … Read More »
Remember Tee-ball? It was mostly about having fun. You could hit the ball three whole feet, run the wrong direction, and still get plenty of high fives—and a shiny trophy at the end of the season. Compare that to professional baseball. In the big leagues, nobody cares that your dad is one of the coaches,
Three Secrets for Finding the Career You Want Read More »
A man once said to me, “My friends are always talking about their financial plans, but the idea that I could create such a thing feels impossible. I’m terrible with money!” I told him, “I understand that feeling. But the truth is you could create a smart financial plan. It really is possible.” (That’s a
How to Do Anything You Can Do Read More »
A man confessed: “My business did really well last year. Unfortunately, my CPA just told me what I owe in taxes, and I’m in shock. I don’t have the money! I reinvested it in my business. If my wife finds out about this it will send her into a tailspin. Should I just handle it
How to Avoid Lost Trust Read More »
A subscriber wrote and asked: I’m retired and widowed. My two adult sons still depend on me to pay some of their bills—even though one of them has a job. (The other can’t seem to keep steady work.) I’m worried that when I’m gone, they are going to fight over my money, even though I
Adult Children Dependent on Parents Read More »
I don’t have to remind you we just celebrated Thanksgiving. For many of us, the day was full of family, feasting, football and Friday…endless advertisements about Black Friday and the “don’t you dare miss this” sales that go with it. One of my family’s simple traditions is to go around the table during the Thanksgiving
Thankful for Hope in Hard Things Read More »
“I should get on a budget.” Ever say that? It’s really an admission that budgeting isn’t easy or fun. (If it were, everyone would be doing it, right?) So, if you’re one of those who doesn’t have a budget, why bother trying to create and live by one? Because having a firm spending plan—which is
Budgeting isn’t “Rocket Surgery” Read More »
“You’re saying I should invest NOW?” Jordan almost choked as he thrust the heavy weights over his head. He and his buddy Patrick regularly solved all the world’s problems during their noon workouts. On this day, the conversation had turned to personal finance. “Dude, the stock market is HORRIBLE!” Jordan said emphatically as he set
Two “Dudes” Work Out an Investment Plan Read More »
One of my clients emailed me recently, saying “People keep sending me this video. What am I missing?” The video featured an attractive young man. He was glib, funny, a bit ironic, and full of confidence. The gist of his message was “Borrow money at 4% and invest it at 8%, and you’ll make a
The Long Hard Road to Instant Success Read More »
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