If you do not make mistakes, you are not trying hard enough! If you’re not making mistakes, then you’re not doing anything. I’m positive that a doer makes mistakes. (John Wooden) I saw an interview of Sara Blakely, founder of Spanx (a multi-million dollar undergarment company). She said her Dad asked her every day what mistakes she made. He ...
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The Best of Krantcents for 2014
The "best of" may be a misnomer, but it is based on statistics or my opinion! I decided to showcase a variety of articles that you may find worthwhile to read again or for the first time. Who knows, you may uncover a hidden gem that changes your life. I decided to do this because I am continuing to make some changes and thought you may like to ...
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My 2015 New Year’s Resolutions
My 2015 New Year’s Resolutions will be different again! Normally, I do not make New Year’s Resolutions because I do not believe in them. Why wait for a particular date to resolve or promise to make changes? Changes such as weight loss, quit smoking or drinking, get out of debt, or something else can start at anytime. What are you doing about your ...
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Happy New Year 2015
Happy New Year! Today is New Year's Eve and tomorrow is full day of football games. Living in Los Angeles, I look forward to the Rose Parade showing what is best about southern California. If you don’t know, it is the weather! The beaches, skiing, museums, theater, sports, parks and food are pretty good too. It is hardly perfect, but it is ...
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My 2014 New Year’s Resolutions – Review
I decided to take a different approach when I formed my 2014 New Year’s Resolutions. I may have stacked the deck in my favor, but I will offer no apologies! As I reflect on my results, I am happy with almost all of them! I succeeded with all, but one! I think the difference was what goals I included in my New Year's Resolutions. I learned much ...
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Budgeting in Just 4 Steps
Budgeting in just 4 steps! The traditional definition of a budget is an estimate of income and expenses for a set period of time. A budget for me is a structure for achieving a financial goal. It helps you track your income and how you spend your money. My approach is to start with my financial goal and I make changes in my spending to achieve ...
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Happy Holidays
The holidays are family time. Holidays in many parts of the world mean vacation. In my former (CFO) career, the end of year was the busiest. When I worked in the electronics/computer industry, the week between Christmas and New Years was a company shutdown. In other words, we had paid time off, except I generally worked some days to prepare for ...
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Future: Perfect!
My future is perfect for me! In English, we use future perfect tense to talk about actions that will be finished before some point in the future. In my case, it is less than three (3) years away. My future is certain, however the duration is not! I planned for thirty (30) years in retirement just in case I am right! I plan to have a perfect ...
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Why I Love Taxes!
I love taxes which is a huge paradigm shift for me! I used to hate taxes so much that I used the tax code to reduce my taxes to zero. Yes, that is right, I paid zero taxes for a very long time legally! When you invest in assets, you can depreciate them and use depreciation to reduce your taxes. Is that the only way to reduce your taxes? No, ...
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How Do I Get Rich and Successful Friends?
Rich and successful friends will make you rich! In a conversation attributed to F Scott Fitzgerald and Ernest Hemingway, Fitzgerald said “The rich are different from you and me.” Ernest Hemingway responded: “Yes, they have more money.” Believe it or not the money is not what you want from rich people, but the connections and what you can learn ...
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