Follow Tradition Or Become One Of The New Rich

Tradition has its place in society, and there are instances when tradition serves a valuable purpose. For example, tradition reinforces values such as freedom, faith, integrity, a strong work ethic, and selflessness. While a positive force in many instances, tradition can sometimes work against you. If blindly following traditions means impeding progress, maybe it’s time […]

Who Determines The Value Of Your Investments?

When I was a kid, I remember the local grocery store having a table near the checkout stands filled with paper grocery bags with the words “Grab Bag” written on them. These bags were filled with miscellaneous “mystery” non-perishable grocery items the store was closing out. Some were marked $1; some were marked $5. You […]

It’s Not The Strongest And Smartest Who Will Survive

It’s always something… the real estate crash of 2008, 09/11, COVID, inflation, recession, oil prices, and geopolitical conflicts. There’s always something testing our financial mettle; and some are up to the task, and some aren’t. Are you ready for the next storm, and do you have what it takes to survive? Speaking of tough tests, […]

Recessions: A Different Perspective

When have you ever gone to Costco and not left with at least $200 of stuff you hadn’t planned to buy? You tell yourself that you’ll resist the urge to overspend, but you fail every single time. That’s because Costco has done its research. They hit you with all the specials right as you enter […]

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 […]