Tag: financial planning

What is Rich?


“Being rich is having money; being wealthy is having time”  Margaret Bonnano According to Forbes Magazine, this year the richest person is Bill Gates.  Good on you Bill! But that does not answer the question. Rich is different things to different people. Consider the… Continue Reading “What is Rich?”

Do You Need A Guide Or A Roadmap?


The Sante Fe and Oregon Trails and some others too, are part of history and as with other history, there are some useful lessons. Lesson 1  All of the people had a clear strategic goal.  Reach California or Oregon. Lesson 2  All of the… Continue Reading “Do You Need A Guide Or A Roadmap?”

The Despair Curve


All change is negative in the short run.  Some change is necessary to get a business to a higher level.  A problem. If a business changes something, they expect to be better for the change.  If it is a good change, they will be,… Continue Reading “The Despair Curve”

Template To Avoid Professional Liability Problems


Notice To     ________________________________________  Adviser From:           ________________________________________  Person ________________________________________  Corporation Further to your advice of  _______________________________________ Regarding  ___________________________________________________ I advise you that:  (initial each)    ____    I have listened / read and understood the matters you have communicated to me/us    ____    I… Continue Reading “Template To Avoid Professional Liability Problems”

Some Important Laws


Life is easier if we understand the limits and operating requirements The Law of Conservation of Problem Financial problems are neither created nor destroyed.  They merely change their form. You cannot receive a large amount of money and remove your financial problems.  The problems… Continue Reading “Some Important Laws”

The Swiss Army Knife


In 1891, Carl Elsener, a master cutler in the Swiss village of Ibach, invented a most innovative object – The “SWISS ARMY KNIFE”. You would be hard pressed to find someone who does not know about these.   The New York Museum of Modern… Continue Reading “The Swiss Army Knife”

Quit


In 1803, the British created a civil service position. It involved a man with a spyglass standing on the cliffs of Dover watching for Napoleon to come across the channel. If he saw the French coming, he was to ring a bell and alert… Continue Reading “Quit”

Cheap Is Too Expensive


People believe that cost and price mean the same thing.  Very wrong.  An error that can easily lead to catastrophic mistakes. When you acquire a product or service, you are trying to get value equal to or more than what you must give up… Continue Reading “Cheap Is Too Expensive”

Addition by Subtraction


Back in the 90’s, there was a story, possibly apocryphal, about the the Philadelphia Phillies and their skilled but difficult outfielder, Lenny Dykstra. On coming to the clubhouse one day, another player tells solid-citizen catcher Darren Dalton, “They traded Dykstra.” His reply.  “Good trade,… Continue Reading “Addition by Subtraction”

The KISS Method Revisited


Keep It Simple Stupid (The KISS Method) is usually good advice.  However, some things are complicated to start with, so the “keep it simple” option does not exist. Then you need the MISS method.  Make it simple stupid.  There is a limit to this… Continue Reading “The KISS Method Revisited”

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