Yet, I rarely explore the philosophical aspects of money. After all, the only real value in money is what you can trade it for. If you were stuck out in the dessert with no water and $500.00, what good would money be? If you had no transportation and the water was 100 miles away, your $500.00 would be worthless. You’d probably we willing to trade it all for a thermos of water.
Continue Reading »
Even though my family was in the real estate business, I’ve bought and sold investment property and our own home many times, and my neighbor is going to sell his own home, we are using a real estate agent.
Continue Reading »
Here’s where I part with the masses, I’m concerned about Charlie’s financial well-being. As any Two and a Half Men follower knows, Charlie made $2 million per episode, the highest payday for any television sitcom star. For a humble portfolio manager, $2 million per episode is not chump change.
Continue Reading »
Let’s keep the list flowing so when you take a break, you won’t break the bank. Add more FUN ideas and let’s see how many activities we can come up with. I’ll do another follow up with the new suggestions. In the meantime, print this one out and stick it on the fridge, that way when you need a quick reward, yo won’t be tempted to overspend! Now, go back to the original article, 25 Cheap Ideas for Fun, and print that one out as well.
Continue Reading »
Many many folks believe that what you drive and wear is a measure of wealth. If someone is driving a BMW or Mercedes and wearing designer clothes, then they are wealthy. The Millionaire Next Door slams that theory down! In fact, frequently, those with ostentacious signs of external wealth carry high debt levels and tally a low net worth!
Continue Reading »
HERE’S THE GOOD NEWS!
The mall was packed!I haven’t seen it this busy in several years. Even though it is a minor shopping week-end, President’s Day, the crowds are overwhelming. Woo hoo.
Continue Reading »
I never seem to get ahead. As soon as I complete one task, there are 3 more to take its place. Fortunately, I’ve simplified my finances by sticking to a solid index based asset allocation plan. But, the simplification in one area is counteracted in another……I may have added to my responsibilities by taking on another job (teaching Corporate Finance to MBA students)
Continue Reading »
Fun and entertainment are really important. In fact, take a break from the thinking and toiling of work; refresh the mind and increase productivity.
Continue Reading »
It’s finally here…graduation day. You received your diploma. You’ve taken a few days to celebrate, and now it’s time to move on to what comes next–the rest of your life. If you’re like most new grads, you’ve probably promised that you’ll be smart about your financial future, but still aren’t sure where to begin. Here are some financial tips to help you get off on the right foot.
Continue Reading »
Delay gratification. This may be the most important tip of all. As the marshmallow example stated, delaying gratification works on so many levels; weight loss, spending, business success, academic rewards etc. Put in the effort on that term paper, or work report and then realize you’re not in charge of the results, only creating the project. You must wait for the outcome.

Continue Reading »