Wisdom on Wealth

When forced to make a choice between the job of your dreams or the paycheck of your dreams, which would you choose?

What is the price of happiness?

Nobel Prize winning psychologist Daniel Kahneman thinks the price is... about $75,000.

A little bit of pessimism during your retirement planning can lead to a much more optimistic outcome in your retirement living.

So let’s be just a bit pessimistic and assume that you will one day need some kind of long-term care. 

There are only a few answers to the question of “who will pay the bill if I go into a nursing home?”

One of the residual effects of the financial crisis is a deep distrust of financial institutions. Especially large ones.

Financial institutions are sometimes run by good guys, sometimes bad. But all of them have a plan to make things better for themselves.

The best way to deal most effectively with any of them starts with a carefully crafted financial plan of your own.

There’s a lot to be said for the approach to life that says, “Don’t sweat the small stuff.”

On the other hand, I really want the guy who does my heart surgery to be detail oriented, sweating the small stuff.

This tension exists in your financial life as well. 

If you are someone who wonders where to

Are you serious about passing on your family business to the next generation? Really?

Then don’t ignore the development and training of the next generation of your business’s owners. 

Even