Category: Planning

Are You Planning For The Past?


Every financial planner cautions clients that past performance is not an indicator of future performance. Do you know why they do that? Because it is easy to make the mistake of believing the future will be like the past. Author Anthony Kemp has said,… Continue Reading “Are You Planning For The Past?”

Change Ahead?


On Tuesday past, Pope Francis issued a document outlining his beliefs regarding modern life.  It exhorts both the church and the people to behave by a different standard.  In it, he outlines several factors which if allowed to exist, prevent the orderly achievement of… Continue Reading “Change Ahead?”

Maximize After Tax Spendable Cash


John Stuart Mill was an English philosopher and political economist.  He died in 1873 but much of his thinking has relevance to us. We are now in a position that pushes the limits that he described as existing between governments and the people.  The… Continue Reading “Maximize After Tax Spendable Cash”

Uncertainty Matters


People will not push their wealth into the future if they do not trust the future to behave in their favour or at least in ways they understand.  That business people do not have presently much faith in the future is a given.  The… Continue Reading “Uncertainty Matters”

More On Decisions


All decisions include an element of risk.  That is why some people have trouble with them.  Even people who deal with the risk part effectively and presumably make “better” decisions are sometimes wrong to do it the way they do. For the weak decision… Continue Reading “More On Decisions”

How Important Is Innovation


I recently saw a cleverly designed GIF that claimed that innovation turns dreams into reality.  If the medium is the message then some will take this message seriously.  Anyone who has done any planning knows that it is not true. Dreams turn into reality… Continue Reading “How Important Is Innovation”

In Economics, What Is “The Bezzle?”


John Kay writing in the Financial Times, 22 October 2003 pointed out an interesting condition described by Economist John Kenneth Galbraith.  The Bezzle.  A tiny “embezzle” I suppose. “John Kenneth Galbraith’s greatest contribution to economics is the concept of the bezzle, that increment to… Continue Reading “In Economics, What Is “The Bezzle?””

It Is Time To Think About Your 2014 Budget.


Benjamin Franklin understood the purpose of budgeting.  Focus on the important, but notice the trivia.  “Beware of little expenses; a small leak will sink a great ship.” Budgeting is like packing the car for a long trip.  Some things need to go in the… Continue Reading “It Is Time To Think About Your 2014 Budget.”

Is Telling The Same As Doing?


I recently read a piece that claims that telling people your goals is harmful to the achievement of those goals. That struck me as odd. The old wisdom was helpful if people were aware of what you were up to. After a little reflection… Continue Reading “Is Telling The Same As Doing?”

The Banks Will Take You Part Way


For many small businesses, especially young ones, bank financing is a key part of the financial structure.  It will pay you to understand how it works, what limits there may be, and what you can do to make it work better for you. First… Continue Reading “The Banks Will Take You Part Way”

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