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Monthly Archives: June 2008
Behavior and your Credit Score
Industry experts now say that consumer behavior may have an impact upon credit scoring. In a Business Week article entitled “Your Lifestyle May Hurt Your Credit” (June 30, 2008, pg. 30) CompuCredit is highlighted as a credit firm that uses behavior as a tool to calculate credit scores
If there was ever a time to learn the methods of cash flow, cash solvency and most importantly, Communication, it is now. If your Visa is noted as paying for marriage counseling, it may hurt your credit. Divorce is one of the most expensive choices a couple can make. For all the effort of marriage counselors, too many simply address the symptom. Before any argument or disagreement gets that far, there are tools you can employ right now that address the root cause of frustration when communicating with a loved one or spouse especially over the topic of money
Posted in Communication, Money
Tagged Budgeting, Communication, Credit Scoring, Marital conflict, Retirement
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Financial Bureaucrat vs. Financial Entrepreneur
Financial Bureaucrat vs. Financial Entrepreneur
“The real voyage of discovery consists not in seeking new landscapes but in having new eyes.” (Marcel Proust)
Have you ever encountered the company’s self-proclaimed apologist? This is the person who bleeds the corporate colors, memorizes the company mission statement, all 250 words, and who quotes all the slogans and tag lines of the corporate mantra?
I’m not the best example in this case, because I always wanted to morph into Hulk Hogan and body slam the schmuck. I’ll never forget the memo received many years ago from Corporate Head Quarters entitled “Good News” and then the body of the memo proceeded to explain why a cut in pay was in fact a good thing.
The Greatest Story Never Told
The Greatest Story Never Told
June 2008
I just finished meeting with some good friends and clients over some tough financial and life decisions they must make in the next few weeks. As we discussed their situation, a comment was made about the news media and how too much of it is putting a damper upon their decision-making process.
Let’s address the economic state of the union. More wealth has been created over the past 25 years than in any other comparable period in history. More people have been removed from poverty, standards of living have been dramatically elevated and the quality and length of life have been improved. As Larry Kudlow coined: this is the ‘greatest story never told.’ Let’s review the cliff notes of the story.
Indexing versus Stocks
I received the following from Jim Dew of the 300 Financial.
As Ricky Ricardo would say, “LUCY! You have a lot of esplaining to do!”
10 years ago in 1998, you filled up at the pump for $1.19 a gallon and the S&P 500 was at 1099. Those were the days weren’t they?
10 years later, oil has increased eleven-fold and gasoline has quadrupled. And what’s happened to the old adages…
The stock market will stay ahead of inflation over the long run?
The stock market will give you high returns over 10 year time periods?
It’s Not About the Money
How To Prepare For Retirement!
June 2008
What’s the #1 cause of divorce and marital strife? Money
What’s the primary concern of baby boomers? Money!
What do Stock Brokers and Financial Planners always talk about? Money!
What is the least important aspect of your retirement preparation? MONEY!
The following excerpt is from a Tim Ferriss post when he had the opportunity to ask ‘Warren Buffet’ a question at the Berkshire Hathaway stock holders meeting recently.
“I was out of breath from running up the steps but had managed to find one of the microphone stands, manned by two headset-wearing volunteers.
Teach vs. Tell
Too many scholars and so-called teachers TELL you what THEY know and not what YOU NEED to learn!!!
What takes the most time in learning?
NOT GETTING IT!!!
Once you get it, it’s easy.
If all we hear is what the other person knows, it’s difficult to learn what we want!
Overweight: Intellectually, Physically & Institutionally
Today’s post starts with a quote from John Mauldin’s newsletter. If you have an interest in reading some of the best financial commentary that you will never see in print, you can subscribe at no cost by clicking on this link:
http://www.investorsinsight.com/blogs/thoughts_from_the_frontline/default.aspx
So on with the post:
Fooling With Inflation
By Bill Gross
You can fool some of the people all of the time,
and all of the people some of the time,
but you cannot fool all of the people all of the time.
- Abraham Lincoln
In The Box
Are there some people in your life that have a unique talent of frustrating you beyond the breaking point and
yet, someone else can do or say the exact same thing and it will roll off your back like water off a frog? If you have read the book Leadership and Self-Deception, you understand the term ‘In The Box.’
As many of you know, I have been blessed with the friendship of Bill Branson. Bill has been mentoring/coaching me in “My Way of Being” for over a year now and yesterday he taught me, or should I say ‘retaught’ me an important concept.
Commander’s Intent
What is YOUR Commander’s Intent? As the saying goes, no plan survives contact with the enemy. More appropo is: No plan survives contact with my teenagers? or my in-laws or my life!!! For this reason, we have developed a Commander’s Intent worksheet.
Here is how a solid Commander’s Intent can help in a financially sticky position. You are on vacation and you see something very expensive that you’ve always wanted and you are tempted to make the purchase. Because you are on vacation, the feeling is relaxed, life is great, and you tell yourself everything will work out, it’s only $150 a month for 4 years.










