Archive for October, 2012

Retrain Your Brain for Financial Success

Monday, October 29th, 2012

Even the best laid retirement plans are subject to our emotional restlessness.   Our emotional attachment to instant gratification sets us up for financial defeat.  

The ability to know one’s emotions, strengths, weaknesses, values and goals and recognize their impact  is a vital component to one’s overall financial plan. The importance of expense mangement and the cost of waiting to save are two things we tend to minimize. 

This article discusses some important strategies for engaging your brain in more productive retirement planning in order to stay the course.  This mental framework is the key to getting and staying ahead. 

I encourage you to read the complete article.  Click Here.

The Great Recession: An ‘Affair’ to Remember

Monday, October 22nd, 2012

The business cycles doesn’t seem to care who is president.  With the tightening of the Presidential race in recent weeks many are concerned with the speed, or lack thereof, of  the U.S. economic recovery.  Although the recession technically ended in June 2009, the climb out is happening all to slowly.

This article discusses how little power current and past presidents have had in affecting their inherited economic circumstances.  The White House, Congress and the Federal Reserve all have a hand in creating and implementing complimentary policies necessary to bring the U.S. GDP out of its current recessionary gap.

“People think the president can make the grass grown and the skies turn to blue.  It’s simply out of their reach.” – William Howard Taft.  I encourage you to read this short article and look at where recent Presidents fall on the long term GDP trend line.  To view this article please CLICK HERE.

 

Falling Off the Fiscal Cliff?

Thursday, October 4th, 2012

With the uncertainty of the Presidential election looming and even greater uncertainty about how Congress will tackle our fiscal woes, many are concerned that the United States will soon fall off a Fiscal Cliff.  Although no one could deny that this is a possible outcome, most economist seem to believe that a less dramatic outcome will prevail.

In September 2012, two bright minds at PIMCO weighed in on this subject in a piece they titled Falling Off the Fiscal Cliff?  Their position, that Congress agrees on many issues and therefore will avoid a catastrophic outcome is a view that is shared by many, including myself.  If you have an interest in this subject, I encourage you to view the entire article by clicking the following link.  Click Here