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The Risks of Being In Business With Family

Every now and then I get a call from a client wanting my opinion about starting a business with a friend, investing money in a business owned by a family member, or co-signing a loan to help a family member buy a business. Being in business with family is something I know a little bit […]

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Are Affordable Care Act Promises Coming True?

“I’m not sure what’s wrong or what kind of surgery you need, but we have to operate right now.” If you heard this from your doctor, you’d jump off the examination table and run for the door. Yet that’s essentially the approach the President and Congress used three years ago to pass a bill, optimistically […]

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Capitalism, Weeds, and Brotherly Business Deals

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 my childhood. One summer, we were visiting my grandparents. I […]

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Do You Value Your Time? Thank an Entrepreneur.

This morning I got up at 6:30 am. I took a hot shower, turned on the sprinkler to water the lawn, cooked an omelet for breakfast, put the dishes in the dishwasher, read The Wall Street Journal on my iPad while I enjoyed a cup of espresso, and answered five questions from my staff and […]

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Who Made That Olympic Medal Happen?

Those record-breaking 19 Olympic medals that Michael Phelps received? He didn’t really win them. Somebody else made that happen. True, Phelps was the one who swam those thousands of miles over the years. True, it was his commitment that kept him at the pool for hours when he could have been playing video games like […]

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