moneyFYI
Financial Freedom Is Merely Organized Common Sense
Month: May 2014
How Retirement Planning Works
Retirement planning is a two part exercise. For many years save small amounts of money and accumulate a large amount of money. Then, take the large amount and turn it back into small amounts paid out over many years. The rest is just details. … Continue Reading “How Retirement Planning Works”
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Should “Universal Healthcare” Permit Buying Services Outside The System?
When we were children, my mother never accepted “He started it.” as a viable defense. That defense should sometimes be considered. The unthinking defenders of Universal Healthcare in Canada wish to ignore obvious and important details when denying people the right to acquire and… Continue Reading “Should “Universal Healthcare” Permit Buying Services Outside The System?”
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An Overlooked Aspect of Planning
You cannot set a goal and expect to achieve it without simultaneously and specifically deciding what you will give up to achieve it. The simplest strategic plan has a minimum of two parts. What I want and what I have to get it with. … Continue Reading “An Overlooked Aspect of Planning”
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What Managers Do
What can we learn about businesses from thinking about the assembly line? Many think Henry Ford invented the idea but not so. He perfected the “moving” assembly line. There is historic evidence of an earlier version of the moving assembly line that dates to… Continue Reading “What Managers Do”
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The Art Of War And Financial Planning
Sun Tzu died almost 2,500 years ago. His thesis “The Art of War” forms the base for a philosophy of war, management and leadership. It has insights into financial success. In the context of investments, let’s look at some of what he has to… Continue Reading “The Art Of War And Financial Planning”
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Fear The Unknown
“Fear the unknown” is not very good advice. The unknown is just that, unknown. Could be good, could be bad, could be boring. You need to know how to make it become part of the known and how to retain the knowledge. That will… Continue Reading “Fear The Unknown”
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Something To Think About
Financial transition after the first death of a couple can be smooth or rocky. It depends on the preparation. Richard Atkinson commented on a recent blog I posted on LinkedIn’s Advocis Group board. He points out a sad but true and not so rare… Continue Reading “Something To Think About”
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Who Is Freda Kelly?
If you were a fully involved Beatles fan in the ’60s you might know. I am betting not. We watched a NetFlix documentary called “Good Ol’ Freda” last weekend. It is the story of Freda Kelly who, at 17, became Brian Epstein’s secretary just… Continue Reading “Who Is Freda Kelly?”
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Choices Define You
Some people have a problem with choices. I know in the business here, most of the people prefer to deal with business executives, business owners or professionals because they are in the habit of assessing information and making decisions. Many others lack the facility… Continue Reading “Choices Define You”
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You Must Deal With Both Now and Then
I saw this unattributed thought yesterday. “Success requires sacrifice. The first step to a good plan is deciding what you are willing to give up.” A frightening idea in our day. Sacrifice! Give up! I think not. I want it all and I want… Continue Reading “You Must Deal With Both Now and Then”
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