Category: Planning

Is Apple The New General Motors?


A recent article in Business Insider indicates the time between replacements of mobile phones is starting to lengthen.  Horror of horrors the upgrade cycle has reached 22 months.  That is potentially very adverse for the manufacturers. There are reasons for the time becoming longer… Continue Reading “Is Apple The New General Motors?”

How Long?


J.D. Souther is an American musician who collaborated with the Eagles throughout the 1970’s.  He is credited as co-writing such hits as “Best of My Love” and “Heartache Tonight.”  In 1972 he who wrote the song “How Long” for his own first album.  Not… Continue Reading “How Long?”

Should You Believe What Your Risk Profile Says?


I don’t know about you but my risk profile says I am risk aware, risk tolerant and risk capable.  That is, of course, a lie.  I may be aware and possibly capable but I guarantee you I am not risk tolerant.  I am firm… Continue Reading “Should You Believe What Your Risk Profile Says?”

Your Primary Succession Plan Is For Emergencies


Everyone puts off business succession planning until it is almost too late. Some wait longer than that. Whether you think your succession plan begins the day your child is born or whether it begins the five years before retirement or whether it, like Henry… Continue Reading “Your Primary Succession Plan Is For Emergencies”

Mowing The Lawn Is Not Exponential


Last weekend it occurred to me that one of the reasons I like mowing the lawn is that it is linearly measurable. Linear is our natural thought form. It is also the reason so many financial plans fail. Another reason I like it is… Continue Reading “Mowing The Lawn Is Not Exponential”

Can You Distinguish Between Mozart and Meat Loaf?


Financial literacy is an interesting subject. I think that is like the curse of “interesting times.” What does it mean? On Monday, Richard Charter of fee based financial planner Newport Private Wealth in Toronto, phoned about one of my blog articles. Financial Planning and… Continue Reading “Can You Distinguish Between Mozart and Meat Loaf?”

Buying Tools For A Purpose


The purpose of a tool is to assist in the achievement of some goal. It is a tactical device. There may be special skills required to operate it effectively but not always. Unless you are a tool designer or maker, tools are for what… Continue Reading “Buying Tools For A Purpose”

Financial Planning and Garden Sheds


Financial planning is like building a garden shed.  Building it is simple enough that you and a helper can do it, but complicated enough that you will need to be organized.  There are three layers to the plan just as there are three layers… Continue Reading “Financial Planning and Garden Sheds”

Financial Plans Are Not Facts


Financial plans are in their simplest description a model of the future as related to the money parts of our life.  The key is that they are a model.  They are not fact.  They may not even be close to reality. You and I… Continue Reading “Financial Plans Are Not Facts”

Now and Then


Planning is about addressing a client’s hopes, fears and expectations.  Recall that they can not spend the same dollar or the same hour twice.  Further recall that optimized and perfect are not synonyms.  Once we carry those two ideas into the planning sphere it… Continue Reading “Now and Then”

%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this:
%d bloggers like this: