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The first week of 2016 was the worst opening week for the US Stock market in history. The Dow Jones Industrial Average was off by 6.2% crushing its historical drop of 5.6% in 1978. And the S&P 500 wasn’t any better giving up 21 points or 6% for the week!  That drop blew through the …

Continue reading “The Importance of Contracts”

She raced up in her soap-suds covered car to the car wash attendant screaming, “Look at my car!  It didn’t even spray me off as I went through.”  And the reason the car wash hadn’t “sprayed her off” was that she didn’t keep pace. You see, instead of putting her car in neutral to go …

Continue reading “What Happened At The Car Wash”

Ask any affluent person who has prospered… not through inheritance, generosity or corporate welfare, and they will advise you the best thing you can do for your future is to save more today.  Saving more is definitely a major necessity if you desire to be better off tomorrow than you are today.  However saving more …

Continue reading “The 1-2 Punch To Becoming More Prosperous”

Today, Monday morning, its easy to appreciate that the Broncos handily beat the Panthers in yesterday’s big game.  But going into the game the Panthers were the ones heavily favored to win.  And that is why it is so difficult to speculate on the future. 7 months ago Jeb Bush and Hillary Clinton were heavily …

Continue reading “When Things Don’t Go As Expected”

It’s amazing!  Most people choose never to push against what they perceive to be the prevailing behavior, norm or belief of their current culture.  Tragically, going with the flow has become the predominant behavior when it comes to money and finances as well.  And this #1 hazard prevents people from discovering the truth about many …

Continue reading “The  #1 Hazard of “Going With the Flow””

Return on investment is typically reported as simple averages rather than compound annual growth rates or internal rates of return.  This is dangerous. And here is why. Take an average rate of return of 5.86%.  This average is the result of multiple returns over multiple time periods where each individual return is added to the …

Continue reading “The Dangers Associated With Anticipating Averages”

The recent college campus criticisms concerning higher wages, free tuition and gratis medical care could be comical if they weren’t so absurd.  Who can logically explain why these demands have become so popular or how they could ever be funded if they became custom is yet to be discovered.  The ones making these insane entreaties …

Continue reading “Unwilling, Unable and Underpaid?”

Most Americans are glad 2015 is behind them.  That’s because so many of them fell short of their financial goals for the year according to a new Capital One study[i].  Despite being determined to do better, i.e., paying down debts and saving more money, most people failed.  For instance: Only 3 out of every 10 …

Continue reading “Personal Finances Fell Short in 2015”

On January 1, 2016 my father kept his appointment with the only assignment each of us has to turn in at the end of our lifetime.  Though he suffered little pain, as one member family put it, “He really hadn’t been living for a number of years.” No one really likes to talk about death.  …

Continue reading ““10 Things You Need to Do Before You Die””

The number one thing to know is this: More and more Americans are rightfully concerned about wage and income disparity but few see that government has any real solution to this concern.  This is a step in the right direction because although many members of low-income households work heroically and unwaveringly at very low wages …

Continue reading “3 Things You Must Overcome in Order to Make More Money”