success with money

April 26, 2012

If there is one message that stands out with all that's going on in this country it is this: The only way to create lasting financial security and erase stress related to money is to depend on yourself. Don’t count on the stock market or money from the government, and especially don’t rely on the advice and guidance from the Financial Services Industry. This industry manages the savings and financial plans of most Americans, but does not know how to create profit for their customers; rather they are trained to successfully market the idea that they do. It’s an industry whose track record has been devastating to the finances of most Americans over the last 10-15 years.


April 11, 2012

've had 63 years of business experience; 63 years of trial and error since my father set me up with a paper route at the age of 9, telling me he would only pay for the roof over my head and food from then on. He was true to his word and while it was harsh by today’s standards, it sure was effective. That’s when I got serious about making my way and have certainly made my share of errors along the way. What I’ve learned is that the recipe for success is the faithful practice of just four basic ingredients. Achieving success, whether in business or personal finance, is within reach of everyone.


January 18, 2012

It’s never too late to establish some good financial habits and secure your finances. The single smartest financial habit to adopt is to save 15% to 20% of your income each month. This is the number that will ensure you are never caught unprepared and are building a strong financial future.


July 28, 2011

The problem with the Morningstar rating system is that strong short term fund performance is meaningless since the majority of the 4-5 star funds drop to 3 stars or less within a few short years. When the ratings drop, investors are advised to invest their money in the next set of 4-5 star funds. The result is both investment underperformance and additional losses from paying the substantial commissions required by the fund switch. This cycle is extremely damaging and yet is the norm.