Generosity Wealth Management
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Pareto Principle and Savings
Everyone has heard the 80-20 rule at some point in their careers, where 80% of the work is done by 20% of the people. How about applying that to your financial plan? Save 20% every year and live off only 80%. Let that 20% work for you for your retirement. Many times...
Google Launches Kevin Bacon Search Tool
I just thought it was kind of funny that Google now allows you to type in any actor's name followed by "bacon number" and you see how many degrees of separation between them and Kevin Bacon. Funny. I've had tons of fun playing with this one. Of course, you probably...
Diversification or Dilution
I'm a believer in Diversification as a component of any long term investment strategy. One of the most famous money managers of all time, Peter Lynch, once said "I love all my stocks--that's why I own them--but I know 20% are going to be dogs and disappoint me. I just...
IMF to Kick Out Greece
August 20th is a pivotal date when 3.8 billion Euros are due from Greece to the European Central Bank. The IMF is saying that if this isn't paid, they'll stop loaning money to Greece. Once the IMF is done with Greece, will the European Monetary Union be far behind? In...
10 Myths About College Planning
This is a good article about 10 Myths about college planning, many of which I've addressed with clients over my 21 years. Is there endless financial aid available out there? Is it better to spend the extra money for a top tier school for the networking? Should you use...
Where to Get Your Social Security Statement
A number of years ago the Social Security Administration started to mail out statements every 2 years near your birth date. This is great for your financial planning. I recommend you review this every time you receive it, and you can even get different iterations...