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Capitalism, Weeds, and Brotherly Business Deals

Watch this video on YouTube What is capitalism? How does it work? For some time now I’ve been meaning to write a column on that topic, but it has seemed to be a daunting task more fit for an economist than a financial planner. Then I remembered this story from...

Support Your Local Charities–But Verify First

Watch this video on YouTube “Shop locally.” “Eat locally.” Do a quick Internet search for either of these terms and you get a host of results. Plenty of people are interested in saving energy and supporting locally-owned businesses by doing...

Staying Calm at the Edge of the Fiscal Cliff

Watch this video on YouTube So the economic train is speeding faster and faster, and the edge of the fiscal cliff is getting closer and closer, and the passengers are starting to scream. Meanwhile, the guys in the cab of the engine are arguing about whether to hit the...

The Wall Street Journal on Money Scripts

“What are your ‘Money Scripts’?” The Wall Street Journal asks this question in an article by Thomas Coyle published in the December 9 online issue. Coyle based much of the piece on interviews with Rick and with therapist Dave Jetson, who offers...

Vast Difference Between Millionaires and Billionaires

Watch this video on YouTube What’s the difference between a millionaire and a billionaire? Three zeroes and a comma. No, this isn’t a bad joke. It takes one thousand millions to make one billion. That’s a huge difference. Over the past couple of...