From the category archives:

Goals

Post image for Don’t Envy the Rich!

The rich are different from you and me. (F. Scott Fitzgerald) Yes, they have more money. (Ernest Hemingway)  “They possess and enjoy early, and it does something to them, it makes them soft where we are hard and cynical where we are trustful in a way that unless you were born rich, it is very difficult to understand.” (F. Scott Fitzgerald) Yes, the rich are different from you and me, they have more problems! Read More…

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Post image for How to Cope with Change

Change is inevitable! Recently, my wife and I went to New York for my sister in law’s birthday party. Since we live in Los Angeles, we had to get airline tickets, make arrangements for the dog and find a way to the airport. No big deal, we cashed in miles, our children watched the dog and we drove to the airport. If it were only that easy! You have to deal with all the possibilities and some you never thought of! Read More…

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Post image for CAMP Is the New Acronym for Retirement Readiness!

CAMP is not a place with temporary accommodations of huts, tents, or other structures, typically used by soldiers, refugees, prisoners or travelers. When I was a child, I went to camp to escape the New York summers. CAMP is not a destination! If you do not know what CAMP is, you should! CAMP is a way of realistically measuring your retirement readiness.  Read More…

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Post image for How Do You Measure Your Progress?

I measure my progress daily, weekly, monthly and annually. I  set goals and monitor them periodically. I learned these skills very early and applied them in everything I want to accomplish. If you want to achieve  financial or other goals, you need to monitor your progress. How you measure your progress is important for success ! Here is the secret to my success! Read More…

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Post image for Is More Money the Answer?

If more money was the answer, what was the question? “Throwing money at the problem” has been an answer for education for years. Wouldn’t you want smaller classes, the best and brightest teachers and the newest facilities or equipment? Are you willing to increase your taxes to make it happen? No one wants higher taxes is why this will never happen! Does throwing money at a problem work? Read More…

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Post image for Why is there income inequality?

Income inequality has grown significantly in the United States! The top 1% increased income and the middle class income has been declining at a much faster rate. Some of the factors that contribute to income inequality are geographical, globalization, race, gender, education, immigration, institutional, taxation and decline of unions. What do you think is the biggest factor in income inequality?  Read More…

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Post image for Teach Kids about Money – A New Approach!

You can’t teach kids about money, unless you make good financial decisions too! Every time, you spend, save, invest or even make decisions about money, you are demonstrating to your children what they should do. By the time they grow up, they have seen you make thousands of transactions and it becomes the only experience they know for them. I still this is still true, but it is not too late to fix it!  Read More…

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Post image for What is Personal Finance?

Personal finance is the financial management which an individual or a family unit is required to do to obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future life events. Simply said, it is your plan to make, spend and invest money as it relates to you. How will you achieve your financial goals? Read More…

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Post image for Let’s Have Lunch for my 100th Birthday!

Yes, I am planning my 100th birthday celebration! It is just thirty two and half (32 ½)) years from now. Planning a birthday celebration this far in advance has its problems!  First, I do not know I will be alive or where I may be living. Should I plan a lunch at a restaurant or at home?. Maybe a 100th birthday is important, but is it more important than your retirement? Planning your retirement requires a plan!

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Post image for Why You Should Have a Financial Plan!

All businesses need a financial plan and you should too! A financial plan is a decision-making process and tool that enable management to assess results and set targets for growth. A financial plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives and the time frames involved. It is the combination of strategy and objectives! Are you planning ten (10) or twenty (20) years in thefuture?  Read More…

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