moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: decision making
Buying A First Home
For most people, buying a home is the largest single expenditure they will make in their lifetime. As with most financial things, there is a mystique, dare I say spin, about the surrounding information. Let’s look at some of the details: Bi-monthly and weekly… Continue Reading “Buying A First Home”
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How Much Should Gold Sell For?
J.P. Morgan is reputed to have said, “A thing is worth what it will fetch.” That seems objective. Nonetheless, there are two fundamental premises that underlie the statement. Those premises may alter the statement’s “meaning” for you. “What it will fetch” is a synonym… Continue Reading “How Much Should Gold Sell For?”
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Liveware Fails
A computer systems designer’s view of the world is that the hardware works, the firmware works, and the software works. It is the liveware that causes the problems. It is not so different when it comes to investing. We are all, every one of… Continue Reading “Liveware Fails”
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Life Insurance Lets You Die Neat
Will Rogers once said that, “Just because a thing is common sense, does not mean it will be common practice.” Not much has changed in the 80 years since. As an example, the most valuable asset most people have is the ability to earn… Continue Reading “Life Insurance Lets You Die Neat”
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Life Is Like Juggling.
I found a scholarly paper on Juggling. ORG that points out that while many people can juggle 9 balls, and a few can juggle 12, no one can presently juggle 13 balls. It claims that 15 may be possible, but the problem is how… Continue Reading “Life Is Like Juggling.”
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On Keeping Up
Future Shock Happened a Long Time Ago. Setting the amount of human knowledge as one unit in the year 1, we find two units by about 1500, 4 units by about 1750 and 8 by about 1900. The progress accelerates sharply around here. 16… Continue Reading “On Keeping Up”
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Building Your Practice – Part 1 – Customer Service
Financial Services is a relationship intense business. If you handle relationships poorly or even just adequately, you may get seriously adverse blow-back. Here a few things to think about as you build your practice, your systems and your methods. Tomorrow we will talk about… Continue Reading “Building Your Practice – Part 1 – Customer Service”
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What Business Are You In?
Theodore Levitt, was a marketing professor at the Harvard Business School. This point is from 1956. (Note to self: The more things change, the more they remain the same.) “The railroads did not stop growing because the need for passenger and freight transportation declined.… Continue Reading “What Business Are You In?”
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Simple Works
If you don’t like how the government behaves, then you should behave differently than they do. A good place to start would be, “spend less than you earn,” and “pay down debt” Debt is a call on the future. By itself, it adds nothing… Continue Reading “Simple Works”
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Business Fundamentals Should Affect How You Think
A given technique may be crucial in one business and unimportant in another. It is smart to know which ones you need to know. One of the important ones is noticing which pays better for you, – Effectiveness or Efficiency. Efficient is doing things… Continue Reading “Business Fundamentals Should Affect How You Think”
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