Watch this video on YouTube 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...
Watch this video on YouTube “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...
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...
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...
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...
