The most impactful lesson I learned in seventh grade happened during an indoor activity period. The teacher told us a story that went something like this. A wealthy landowner/farmer owed one of his peasant workers $100,000 for extra work he had done for the farmer. The poor worker gave the landowner a proposition. He said, “you can pay me the $100,000 you owe me today, or you can place a… Read More
The Master’s Minute – Enjoy the Journey!
This past June, I wrote a blog post that highlighted my journey over the past year and a half as I diligently studied for the CFP® exam. The main point of that blog was to shine a light on the importance of establishing and sticking with a plan of action when it comes to accomplishing a goal. Thankfully, I passed the final exam in July. The past couple of months… Read More
The Master’s Minute – The Checkbook & Calendar Test
Mia, our family’s eight-pound Yorkie mixed-breed dog, has had some chronic leg problems. She typically gets around fine, but at times would move a little gingerly when getting out of her crate. However, about a week ago, she spotted the neighbor’s cat and bolted out the back door. When she got back to the house, she was limping and hesitating to put weight on her back left leg. After a… Read More
The Master’s Minute – What is a Value Stock?
I recently read an article about Netflix and Meta (formerly Facebook) recently becoming ‘value stocks’ due to the significant drops they have both had in their share prices this year (Meta is down 52.3% Year-to-Date and Netflix is down 62.5% Year-to-Date as of this writing). You have heard us talk about value stocks many times before, as it is typically a tilt we hold in our portfolios, but what exactly… Read More
The Master’s Minute – The Value of an Adaptable Plan
When I was growing up and my family would plan a road trip to a place we had never been to before, I remember my dad writing down directions on a piece of paper for my mom to read to him as he drove. At times, the trip went as planned and this system would work fine. However, there were times when something unexpected would occur and the handwritten directions… Read More
The Master’s Minute – How to Find Greater Purpose in Life
“We make a living by what we get, but we make a life by what we give.” -Winston Churchill I recently read a research study commissioned by the National Christian Foundation (NCF) to further explore the subject of Christian Generosity. One of the questions the study sought to answer was, “Why do Christians give?” The primary motivating factor among the 1287 individuals that responded to this survey was the desire… Read More
The Master’s Minute – The “Secret Sauce” at Master’s
If you visit the Master’s Advisors website, and look at Lyle’s Bio page, you will read a quote that is one of his favorites; “Not finance. Not strategy. Not technology. It is teamwork that remains the ultimate competitive advantage, both because it is so powerful and so rare.” – Patrick Lencioni. At Master’s, we have the unique privilege of experiencing fantastic teamwork. We have never had a more cohesive team… Read More
The Master’s Minute – Transitioning Away from Mastery
Our son, Cam, is turning 4 next month and has mastered the skill of riding his balance bike. A balance bike is essentially a bike with no pedals that he pushes (and brakes!) with his feet and legs. He loves flying around the neighborhood on his balance bike and has plenty of confidence in his ability to ride it. We recently decided it was time to transition him to a… Read More
The Master’s Minute – Focus On What You Can Control
When it comes to planning for a financial goal, such as retirement, there are several variables that play a role in your ability to meet the goal. Because of this, it can be tempting to feel overwhelmed. Which is why we find it helpful to categorize some of these major variables into what you can and what you cannot control. I really like the above picture as I feel it… Read More
The Master’s Minute – 3 Tips to Use When Things Don’t Turn Out as Planned
If you are like me, a fun surprise can transform an ordinary day into a delightful adventure! However, a sudden interruption to a highly anticipated event can leave you extremely disappointed. Several months ago, our family started planning a long weekend trip to visit my brother-in-law’s family at a lake house near their home in Indiana. As you can imagine, the details of our planned visit took shape as we… Read More