moneyFYI
Financial Freedom Is Merely Organized Common Sense
Tag: Financial plan
The Cart Before The Horse Problem
You demand failure when you do things in the wrong order
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Motivated Financial Action
Tactics don’t motivate. The strategic layer in planning is where motivation lives.
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Knowing The Future Is Impossible
There is seldom wisdom in a bank’s television commercial. Here is an exception. ALLY Bank Thomas Sargent is a Nobel Prize winning economist. 2011. His specialties are macroeconomics, monetary economics, and time series econometrics. Super-simplified, the study of how money behaves in large economic… Continue Reading “Knowing The Future Is Impossible”
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‘Ish Works
Lawyers use Latin to describe certain concepts. They know the meaning of words will not change over time and they know there will be no new words introduced. Not so much with English. Our grand-daughter Kathryn visited with us a week or so ago. … Continue Reading “‘Ish Works”
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What Must Be True For A Plan To Work?
In developing a plan to attach financial parameters to your life plan, at some point you must begin a success algorithm. A process that studies your wishes and resources and then asks a simple question. What must be true for this to play… Continue Reading “What Must Be True For A Plan To Work?”
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Life Is A Financial Tug of War
Financial planning is a like a tug of war contest. Liabilities and obligations tugging against your resources and the ability to get more. Photo from Wikipedia. If you were the leader, how likely would you be… Continue Reading “Life Is A Financial Tug of War”
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Money Might Buy Happiness
All parents tell their children pretty much the same things. One of them is, “Money won’t buy happiness.” On the surface that is true, but upon examination it may be false. Happiness is not a good or service, it is the result of properly… Continue Reading “Money Might Buy Happiness”
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A Lesson About Financial Planning From Hockey and Poker
Fundamental information comes in many forms. The deep messages are the same no matter the field of study. For example, there are some who do not see the connections among life planning, poker and professional hockey. Let me offer you some guidance. What is… Continue Reading “A Lesson About Financial Planning From Hockey and Poker”
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LEGO and Financial Planning
It is Christmas time and grandparents are looking for the right gift for the little ones. A superior purchase is LEGO because it does not play with itself. The children don’t ignore the toy and play with the box. LEGO requires thought and persistence… Continue Reading “LEGO and Financial Planning”
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Short and Sweet
When does precision become so complicated that the fundamental idea is lost? The point is important when trying to communicate a proposed course of action and perhaps to clarify a past course of action. Completeness and complexity often defeat the purpose. Confusion destroys the… Continue Reading “Short and Sweet”
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