moneyFYI
Financial Freedom Is Merely Organized Common Sense
Category: Decision Making
A Financial Plan In Five Acts
Act I – Establish the Mission Establish your vision in terms of what it means for your life. Not necessarily a number. (What lifestyle, what security, with whom, when, where, why one way instead of another) Assess your resources Assess the real world backdrop. … Continue Reading “A Financial Plan In Five Acts”
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Ice Cream Will Always Melt In The Sun?
It used to. Not necessarily now. Lower price does not indicate better value. This story from Cincinnati has gotten national coverage and demonstrates the point. Why a Walmart ice cream sandwich just won’t melt It happened in summer. Ice cream should melt, but the… Continue Reading “Ice Cream Will Always Melt In The Sun?”
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Price Is A Poor Proxy For Value
Investment fund management fees are neither too high nor too low when you analyze them in isolation. They are just a number. Fees are the price of doing business in a particular way. That price could be very high or very low depending on… Continue Reading “Price Is A Poor Proxy For Value”
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Legal Advice Re: Litigation
This comment appeared today on the article, Things Lawyers Know. Anyone who is puzzling litigation should read what Toronto lawyer, Aaron Schwartz has to say and then pay attention. From all of us, thank you Aaron. You can find more at http://www.aaronschwartzlaw.com Read the… Continue Reading “Legal Advice Re: Litigation”
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Getting What We Deserve
Most defendants in criminal cases do not wish to get what they deserve. We have, in the past half century, lost track of the idea of achieving what we deserve. That idea has moved more towards getting what we want. Easy credit, government programs… Continue Reading “Getting What We Deserve”
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Can A Solution Be A Problem?
Which situation would likely cost you more? Having someone on staff who had great solutions but no problems to attach them to Having a problem with no one who knows how to solve it I asked several business people this question earlier in the… Continue Reading “Can A Solution Be A Problem?”
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Marketing Has Changed
Many new products are beyond the experience of potential users and as the result they decide “No!” often to their disadvantage. The marketer has failed. You might want to give some thought to what that means and what you can do about it. Do… Continue Reading “Marketing Has Changed”
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Low Price Can Mean High Cost
Many people seem to have trouble understanding that price and cost are not the same thing. Most use the terms interchangeably. That can end badly. People must learn that what they are seeking is value and what they give up to get that is… Continue Reading “Low Price Can Mean High Cost”
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Do Not Give The Gun To The Dog
Financial planners are like hunting dogs. When you go hunting, you choose what to hunt, when to go and where to go. You may take a dog. When you are hunting, a dog is a wonderful asset, but when it comes time to shoot,… Continue Reading “Do Not Give The Gun To The Dog”
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Seeking To Be In Control Is A Weak Goal
Is being in control over-rated? If control is required, is it your personal responsibility to impose order for others? In my personal view, the answers are yes it is over-rated and it is usually not my responsibility to impose order. I usually don’t know… Continue Reading “Seeking To Be In Control Is A Weak Goal”
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