Pension Funds and Assumed Rates of Return make an A** out of You and Me
Last week I had an interesting conversation with my client regarding our fears about pension funds and assumed rates of return. I mentioned that two of my biggest fears are this year’s seven-year bull market and the market’s correction. My client agreed with me, but I was left confused and intrigued. I wanted to know […]
What Happens if the 10-year Treasury goes to Zero? The Decline of Interest Rates & The Rise in Bond Prices
Over the last thirty years, the trend of interest rates has been declining. As interest rates decline, the price of bond that consumers can pay goes up. The Inverse Relationship between Bond and Interest Rates I will give you a quick example. If interest rates are 5% and bonds are $100, say the interest rate […]
Corporate America and the Fear of Getting Fired
The motivation to write this post stemmed from a meeting I had with a client where I noticed dumbfounding characteristics about corporate employees. The meeting was about a presentation on which I’m currently working. How can Corporate America continue to be profitable when it seems like not getting fired is the primary focus of the […]
A New Take on the To-Do List
Here is how I work: I will make a to-do list at the end of the day for what I want to accomplish the following day. A lot of people talk about making to-do lists, and I know there are a lot of mobile apps out there that can help you make a to-do list. I […]
Baby Boomers Forced to take Required Minimum Distribution
Baby Boomers are a very large portion of our population. They’ll be taking their first RMDs this year. RMD stands for Required Minimum Distribution. The Government forces us to pay taxes on our retirement account when we turn 70 years of age. This is only on qualified plans (IRAs, 401Ks, and other qualified accounts). Consequently, […]
Rich Dad, Poor Dad: The First Book I Read That Got My Mind Tweaked…
Sometimes a book can really change your outlook and your perception of your opportunities. In 2002, I was working at Home Depot, assisting a friend in starting a painting company. Additionally, I was going to college full-time. I had some extra time on my hands lol. I had also just bought my first rental property. […]
What Problem do You want to Solve?
When you are looking at starting a business, everything starts with a problem that needs to be solved, or a solution that has helped somebody do something. The Problem of The Massive Text To explore this, let us look at my life. To elaborate, in 2007, I had a family member that was running nightclubs. […]
Do You have what it Takes to Start a Business?
I have helped a number of people start a number of business. With a lot of them I become a partner in the project/business; Some are part cash and part equity and others are paid consulting work for me. My love and passion is taking an idea that a client has and helping them start […]
Tabata Is Like A Business
I took an exercise class with my wife, a class that she takes a few times a week. The class was a Tabata class. It was the first time that I have taken a class like this. For anyone that does not understand Tabata – you business exercise for a period of time, “You do […]
When YOU Present What Can YOU Do Different?
Last week I was listening to a podcast on my way to giving a seminar in Charlotte and Raleigh in North Carolina. I was reviewing my presentation, and going over my opening lines. To start, I planned to compare a financial product to Vegas. I then would explain how certain parts of finance are like Vegas […]