Opportunities In Recessions

A recession is now a matter of “when” and not “if.” Banks and economists say the U.S. economy could be heading into recession next year. –Washington Post Wells Fargo sees the end-of-year U.S. recession and cuts GDP view. -Reuters.com A top Morgan Stanley strategist thinks the risk of a recession has gone up ‘materially,’ and […]

How To Come From Behind

“It’s not how you start that’s important, but how you finish!” -Jim George This week, the buzz in the world of sports wasn’t surrounding the NBAor the NHL playoffs but around a horse – Rich Strike – the horse that won the Kentucky Derby by the longest shot in over a century. ​​At 80:1 odds, […]

People First Then Process

It can be argued that without the right coach and without the right supporting cast, Michael Jordan never would have had the same success and career that he ended up having. It wasn’t until his seventh year in the league before he won his first NBA championship. He was a one-man show in Chicago through […]

Lottery Winners Aren’t The Only Ones Squandering Opportunities

The story of Billie Bob Harrell, Jr. started as a fairy tale in 1991, but it quickly became a nightmare that eventually ended in tragedy. ​​In 1991, Billie Bob Harrell, Jr. won the $31 million Texas Lottery. His dreams had come true – so he thought. Harrell worked as a stocker at the local Home […]

The Most Popular Tool May Not Be The Most Effective

Golf is a great game, but it’s not a normal game. It’s one of the few games where the lowest score wins. So, the winner of a tournament will not be the one with the highest score and is never the one to shoot a perfect round. No golfer is going to shoot an eagle […]

The Two Things That Are Holding You Back

Daniel Kahneman is an Israeli psychologist and economist with expertise in the field of behavioral economics. Kahneman has spent a lifetime studying the human brain and how it functions, especially in financial decision-making. In fact, in 2002, he won the Nobel Prize in Economics for his work. In his book, Thinking, Fast and Slow, Kahneman […]

New World, New Economy

Until recently, I had always been a traditionalist when it came to investments. I liked the assets that you can touch and feel. That’s why I gravitated toward real estate. ​​Will Rogers’ quote about investing in land is always stuck in my head: “Buy land. They ain’t making more of the stuff.” Being a traditionalist, […]

Time To Reboot Your Financial Plan

Sometimes, it’s better to reboot the machine and start over when your computer is acting up than to go through the hassle of troubleshooting and implementing patches and workarounds without really solving the problem. Like your computer, maybe it’s time to reboot your financial plan… With all the disarray in the world and economic fallout, […]

Cheat Codes For Successful Investing

Today’s video games are a lot more complicated than those I played when I was growing up. First of all, the controllers have more buttons than the joysticks I used, and, on top of that, the games are a lot more complicated. ​​To get a leg up on the competition, the kids rely on “cheat codes” […]

My Concerns With Cancel Culture

The internet and social media have made the world more judgmental and mean-spirited. By hiding behind anonymity, many users are using technology to bully others in the name of justice. ​​To me, canceling culture is just another form of cyberbullying. Listen, if someone needs to answer to the law, I don’t have a problem with […]