As some readers may know I am a proud supporter of The Community House located here in Birmingham, MI. The Community House (TCH) is a nonprofit that impacts lives through exceptional educational, social, and outreach experiences. TCH promises that those we touch will be enriched with a unique combination of heightened learning, camaraderie, and the satisfaction of knowing they are … Read More
Social Security Strategies
I received an email recently to remind me to check my annual Social Security Statement. Typically these statements would be mailed to you every year but the agency did away with that practice for most people a few years ago in order to cut costs. Setting up an online account is easy and you get to see more options compared … Read More
Jimmy Fallon Recaps SNL’s 40th Anniversary
Hat tip to Barry over at The Big Picture for posting this YouTube clip as Jimmy Fallon recaps the SNL 40th anniversary show. I was at a charity event last evening with some friends and this was a large topic of conversation. Fallon just seems very authentic, like he is having the time of his life. Pretty Cool!
The Growing Gap in Wealth Inequality
As this Business Insider article points out that extrapolating the future based upon past trends is never a sure-fire answer. The chart below points out the growing disconnect between those that have the most wealth and those that do not. Stagnant wage growth especially here in the U.S. has not helped the masses while those of you participating in the … Read More
Happy Valentines Day to Fathers; Dads who do chores raise daughters who aspire to high-paying careers
My wife actually shared this article with me so I am not sure if she was trying to find another way to “urge me” to do more around our house when she sent it to me. Regardless of her motives, I thought that this would be an interesting piece to share with everyone including those dads out there on Valentine’s … Read More
Manage Your Energy, Not Your Time; 5 Ways to Keep You Productive All Day Long
Trying to balance a career, business, and/or family obligations is a job unto itself. I learned early on in my career and business to focus on developing and improving processes as a way to stay ahead of the curve and strive for some resemblance of life balance. This is one topic that I like to focus on in these posts because I know that … Read More
Loss Aversion and What It Really Means to an Investor
Two constant behavioral challenges that investors face are; Remembering loses much more than remembering gains The pain of missing out The technical term that we often refer to regarding these issues is called Loss Aversion. A typical investor suffers roughly two times more from a loss than they enjoy from again. In his piece Investing Like a Psychopath, Morgan House states, “We’re … Read More
What You Can Do to Get Your Best Return on Your College Education Investment
As startling as these college stats are below, it reminds me of a phrase that I often use with clients who plan to help put a child through college, “you can always get a loan for college but you can’t get a loan for retirement.” However, some people I believe potentially miss my point. There has to be a conversation … Read More
Do Not Overlook Digital Assets Within Your Estate Plan
When it comes to setting up an Estate Plan one often looked at items are digital assets. What constitutes a digital asset you may ask? Think about an iTunes, Facebook, or Twitter account, or a website with hundreds or even thousands of followers. These all constitute digital assets. As more and more of our lives become digital or even cloud-based, … Read More
The All-Weather Portfolio
One of the preeminent financial bloggers that I follow is Barry Ritholtz at The Big Picture. One of the big topics circling around the wealth management industry these days is the new book out by motivational speaker Tony Robbins. In his book, Robbins interviews some of the greatest investors in the world and comes up with what he calls an “all-weather portfolio” The … Read More
