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July 20, 2021

Can You Ask Better Questions?

Do I have enough? As you approach making work optional, you begin to dwell on this question. Have I saved enough? Do I have enough? It’s certainly a subjective question because what’s enough for me may not be enough for you. It all depends on how much it costs to live the life you want to live and how you are going to live when work is optional for you. But more than asking this question, I’d propose you ask yourself a second and third question: Do I have enough to do? Have I had enough? Do I have enough […]
July 20, 2021

The Meaning of Life

Love your God. Help your neighbor. Give your time and talents to worthy goals. Honor your word. Keep an open mind. Inspire your family. Treat your body like a temple, not a woodshed. Spiritual, Emotional, Mental, Physical, and Financial Strength.  Those who retire only to a life of leisure will soon find leisure to become work. As my Pastor, Adam Hamilton once said, “When fun becomes work, it’s no longer fun. I can eat 9 cookies for fun, but the 10th is work!” How many people do you know who have relocated for retirement to play golf only to find […]
November 21, 2019

Income Inequality, Taxation, and Redistribution

One of our favorite economic parables is the Fish Story, from Paul Zane Pilzer’s 1990 book, “Unlimited Wealth.” It is an excellent tool for thinking about wealth creation, inequality and redistribution. Imagine 10 people live on an island. Each day they wake up, catch two fish, eat them, and go back to bed. Its subsistence living at the most basic level. There are no savings – no stored or saved wealth. If someone gets sick and can’t fish, there’s no way to help them. No one has any extra. Now imagine two of these people dream up a boat and […]
November 14, 2019

No Recession on the Horizon

Since the earliest days of the current economic expansion, there have been naysayers asserting the US was on the brink of another recession.  Remember all the fear about another wave of home foreclosures, or a disaster in commercial real estate, or the Fiscal Cliff, or Greece potentially leaving the Eurozone, or German bank defaults, or even the inverted yield curve earlier this year?  The list goes on and on. One by one, the pessimistic theories have been proven wrong.  Yes, the US will eventually fall back into a recession.  But we don’t see it happening this year or next, and […]
August 6, 2019

Women and finance: Staying involved

In 1809, Mary Kies became the first American woman to hold a U.S. patent in her own name for her original way to weave straw with silk.    In 1825, Rebecca Lukens became the first female CEO of an industrial company in the United States, and was inducted into the National Business Hall of Fame in 1994.    In 1839, Mississippi passed the Married Women’s Property Act, which gradually strengthened women’s claims to ownership and financial independence.    Just think, this was all before women were even allowed to vote!    Women have been more than involved in business and […]
September 7, 2016

Growing Your Money