“Never trust the advice of a man in difficulties.” –Aesop Most people nowadays turn to the Internet for financial advice on a score of subjects. Want to know how long to grill a salmon? Do situps really get you a ripped six-pack? Does my dog have fleas? How much money do I need to retire? … Read more
“We want to start them thinking that they’re responsible for their own career.” –Jürgen Klinsmann Editor’s note, 11/21/2016: Since Klinsmann was fired today, remember rule A#1 (ahead of the rules below): never alienate the people who pay you a paycheck. For those of you who do not know who Jürgen Klinsmann is, he was the … Read more
Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.” –Benjamin Franklin One of the first things that they teach you in any personal finance course is how to calculate your net worth. For those of you who do not know how to … Read more
“I’m willing to admit that I may not always be right, but I am never wrong.” –Samuel Goldwyn When I started out in financial planning, I had a pretty solid line about debt and on which side of it I stood. After all, I am a proponent of the there is no such thing as … Read more
“By the time I have money to burn, my fire will have burnt out.” –Unknown I was speaking with a friend recently, and this friend bet that I would become bored in retirement. “You’ll go start some other company because you have the entrepreneurial fire burning within you,” my friend said (I paraphrase). “Nope. I’ll … Read more
“Wal-mart… do they like make walls there?” –Paris Hilton Have you ever walked into WalMart, seen the smiling greeter at the door, who usually appears to be older than the typical retirement age, and wondered if that person was there greeting people because he enjoyed seeing everyone and wanted to be out of the house … Read more
“Running away will never make you free.” –Kenny Loggins “If you hold a cat by the tail you learn things you cannot learn any other way.” –Mark Twain Very recently, the S&P 500 surpassed a new high. Of course, in between the time this article is published and you read it, there may be a … Read more
“Going to the gym wouldn’t be on my list of favorite things to do.” –Kate Moss There’s a reason that the term “12 oz. curls” is readily understood. Most people don’t like to go to the gym. We make New Year’s resolutions to our future selves to work out more this year and we swear … Read more
“If I had only followed CNBC’s advice, I’d have a million dollars today — provided I started out with $100 million dollars.” –Jon Stewart When I went through my period in life where I dreamed of being a day trader, part of my daily ritual was to get up early, make a pot of coffee, … Read more
“Being rich is a good thing. Not just in the obvious sense of benefitting you and your family, but in the broader sense. Profits are not a zero sum game. The more you make, the more of a financial impact you can have.” –Mark Cuban With good reason, the terms you think of when you … Read more