It’s not uncommon for someone to receive a large inheritance or another windfall, only to see it blown away. Here are some tips to avoid the same fate.
With the fervor that market news outlets are reporting fears of a recession, it reminds me of the children’s story tale of Henny-Penny running around crying that the sky is falling. Some analysts are saying it is as if we are trying to talk ourselves into a recession. Let’s take a rational pause and digest what is happening around us. I just returned from a retirement conference where Kenneth Entenmann, CFA, Chief Economist for Epic...
As your parents age, they may become less capable of managing their own finances. Here are some ways to approach the subject.
20-for-1 Split?! Say what? I first wrote this primer on the attributes of stock last November. However, with the recent announcements of two of America’s largest tech companies announcing 20-for-1 stock splits, I have been getting more questions from those wanting to understand it better. So, let’s have a re-read – hope you enjoy it! Let’s take stock of stock! There has been much in the headlines about inflation, and we’ve been feeling its effects...
Self-determination is a powerful force to reckon with and the Ukrainian people are valiantly demonstrating that. I remember the pride in my maternal grandfather’s voice when he would remind us that the Seminoles (of Florida) were not under a treaty with the U.S. The U.S. government would spend more money, ammunition and deploy more soldiers fighting the Seminole Indians than all other tribal nations combined. 1 When a people refuse to be conquered, the spirit...
Unhappy with your current financial situation? Your daily habits may be to blame.
You could be earning a 13.9% bonanza like those running the stretch this year. Some of my long-term readers may remember I originally posted this financial strategy in February 2018 when I shared a story of how I nutritionally prepared myself for a heavy-laden run in Tibet where the high altitude has low oxygen levels which make running difficult. Well, the Social Security Administration has just announced an increase of 5.9% to Social Security income...
Last year’s March threw a curve-ball to everyone’s routines. This year’s March revealed incredible gains for those companies that had a service or product to offer us while we were figuring out how to survive a pandemic. The earnings recently announced by these companies have been an equivalent of kids coming home and reporting one by one that they made the honor roll on their report card. As a mother of three, you can see...
I used to be a big fan decades ago of watching Survivor, totally caught up in it. I don’t know if it is still on air or not, but that was the show’s motto. Those of us still breathing in March 2021 have so far survived the pandemic. March not only represents a year since shelter-in-place initiatives were enacted worldwide. This week’s March 23 rd is a year from when the markets hit bottom. As...
How can you help from your station in life? This past year’s tragedies opened the eyes of many to the silent suffering of those marginalized in our society. While the news cameras may have focused on the physical moments captured during the social and racial justice movement, what I saw was an outpouring of love and concern for one’s fellow man. So many people in so many corners of our nation – and subsequently in...
Get paid to do right by yourself and if you have employees, help those who help breathe life into your brand. This year ushered in the SECURE Act and California legalized the gig worker structure where companies like Uber and Lyft do not have to squeeze themselves back into the employer-employee work model. Technology is breaking shackles around mindsets and ushering in new perspectives. A few years ago, when I did a rail trip across...
This year’s shelter-in-place sudden jolt to our routines gave us time to realize what expenses in our life were discretionary and non-discretionary or another way put: essential or non-essential. Money spent on life enhancements like nails and sporting events took a necessary pause and if we took good advantage of the reflection time, we should have increased savings for emergency funds and future goals. This downtime from discretionary spending (even Amazon de-prioritized Prime shipping of...
