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The intent of these blog posts are to present to you different points of view and to provide information which may be helpful to you.

Most of the blogs will be on the subjects of Financial Planning, cash flow management, investment advisory and advanced planning topics.

Please contact me with your request for specific articles or information.

Please let me know your thoughts, comments and suggestions. If you have an idea or some thought you would like to post here, please contact me.

 

Thursday, August 22, 2019

Kellogg: The Groucho Marx Theory of Efficient Markets By Mitchell Petersen | Posted: 08-13-19 | 09:14 AM | Kellogg faculty make groundbreaking contributions to many academic fields, and they regularly publish influential books and...

 

Monday, July 22, 2019

Usually at the end of the year or the first of the year business people engage in the budget process. To goal is to forecast revenue and expenses to hopefully earn a profit for all the work to come during the year. The budget process...

 

Thursday, July 11, 2019

Most professionals use these terms interchangeably. They are not. Building a practice and building a business are fundamentally different in all respects.

 

Tuesday, July 2, 2019

Can you imagine taking a long (or even short) trip in your car without cruise control? Get on the highway, get up to speed and press the magic button. Relax a little and enjoy the ride. The cruise control system makes the drive much...

 

Wednesday, June 26, 2019

How important is the language we use? The language, words, and emotion we use allow us to function in this world. In the world of the law words have a specific meaning. The same word used in everyday language may have a different...

 

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Tuesday, June 25, 2019

Seems like a strange question. Depends on your point of view. A larger firm will have a different view than a smaller firm. An elephant is a large case with a very large fee attached. The larger may have the attorneys to assign to the...

 

Tuesday, June 25, 2019

How many times have you heard this from a client? Probably not very often. As the firm grows in the number of attorneys, the staff grows, the infrastructure to support operations expands and the process and procedures become more...

 

Tuesday, June 25, 2019

Following from the earlier post, you have about 231 days each year to conduct your business. Yet, not all of these days can be used to actually produce income. Don't forget the administrative duties. If you are a solo practitioner then...

 

Monday, June 24, 2019

When planning or updating your case schedules the calendar is always handy. The most usual thought is there are 365 days in the year to use. Yes, there are 365 available but you won't use all of them for your case work. You actually...

 

Thursday, August 9, 2018

You look at your portfolio one morning to discover several investments have dropped in value. Should you worry, dump the losers, hold steady? Depends.

 

Wednesday, August 8, 2018

Fixed income securities are vulnerable to several types of risks. Bonds are the most commonly used fixed income security. Fluctuations in interest rates affect bond principal and the interest produced. The relationship between a bond's...

 

Wednesday, August 1, 2018

Risks are all around us. Surrounding us each day. There are physical risks which harm us and cause physical pain. Financial risks don't physically hurt us but are still painful. Some financial risk is loud and startling. A sudden drop...

 

Tuesday, July 31, 2018

There is more misunderstanding and wrong ideas surrounding annuities than any other financial or insurance product. Most people have formed their opinion and beliefs from TV, magazines, a friend, the internet and many other...

 

Friday, July 27, 2018

I’m asked why the difference in financial planning while working and retirement planning. Many reasons. The three most important are time, uncertainty and flexibility. During your working life you are living in an expanding world...

 

Friday, July 27, 2018

I never realized the vital importance of end-of life planning until 3 years ago. My sister called me on my cell in the middle of the day. I knew there was a big problem. Mother had a massive stroke. She was in the hospital in a coma....

 

Thursday, July 26, 2018

Over your working life time you will earn and receive a certain amount of money. This is your gross earnings. You choose when to spend your money.

 

Thursday, July 26, 2018

Of course not. You will hear many opinions about carrying debt. There is the camp which says all debt is bad. There is the good debt-bad debt argument. I think of debt as useful or wasteful. Credit runs most companies large and small....

 

Thursday, July 26, 2018

Over a lifetime a person may spend $250K or more on vehicles. Easily done in this era of $65,000 cars, SUVs and trucks. Even a good used sedan is $30,000. This money spent on transportation is not allocated to savings and investment....