On Friday, March 20th, we packed up some of our technology and a few essentials to take home. We locked the doors and closed the office to comply with the “Stay-at-Home” orders caused by the outbreak of the COVID-19 virus. Little did we know that we would be working remotely from our homes for almost three months. A few weeks ago, we moved back into the office, each Master’s team… Read More
The Master’s Minute – Thoughts
“Whether you think you can, or you think you can’t, you are right” – Henry Ford I don’t know much about Henry Ford, but this statement indicates that he understood the impact that thoughts can have in living a productive life. When the stay-at-home order was in place and I worked from home, I spent some time listening to a podcast series related to both the brain and the mind. … Read More
The Master’s Minute – The Alignment Model, Part 2
The Master’s Minute – Relational Generosity
As you probably remember from other blog articles, I am a firm believer that living generously has significant benefits. Research continues to substantiate that notion. I recently found another article in, of all places, A Motley Fool Company related website, that named “The 8 Biggest Benefits of Being Generous” https://www.fool.com/the-ascent/banks/articles/8-biggest-benefits-being-generous/. Among the things listed were more friends, happier with career, better physical and mental health, and higher self-esteem. We often… Read More
The Master’s Minute – Personal Finance 101
The financial difficulties that many people are currently facing during the corona virus pandemic have reminded me of three fundamental principles of personal finance. This sage advice has stood the test of time, and those who have practiced these principles can attest to their effectiveness. Rule #1: Spend less than you earn. Rule #2: Have an emergency fund with enough cash to pay for six months of living expenses. Rule… Read More
The Master’s Minute – What is Risk?
In the investment world, we normally think about risk as volatility or how much a particular investment fluctuates in value. In general, the more risk we are willing to take, the higher the potential reward could be in the long-term. But is that all there is to risk? Lately, I’ve been looking at risk through a different lens, the lens of trade-offs. Every decision we make involves a trade-off, some… Read More
The Master’s Minute – The Alignment Model, Part 1
The Master’s Minute – Five Financial Strategies for the Current Interruption
As with most things in life, you can look at the glass as half-full or half-empty. Humans have a built-in retreat instinct when facing a situation that causes fear; however, most crisis situations provide some opportunity for gain. We believe the current Covid-19 interruption is no different. What financial opportunities are available now that could benefit you? Invest More Money – The objective of any successful investor is to buy… Read More
The Master’s Minute – What Would Your Words Be?
Last week, a friend brought the latest craze in the quilting world – Proverbial Quilts – to my attention. Proverbial quilts are inspired by early “talking” quilts which were often quotes from Scripture. However, some early quilt artists used words to touch on politics and the social issues of their day. I was intrigued. I learned that the first step in creating a Proverbial Quilt is to discover a gathering of words that… Read More
The Master’s Minute – The Alignment Model (Video)
Transcript: GARRY: So Lyle, today we want to talk a little bit about maybe a new concept for some of our clients. Its a concept called the Alignment Model. And the Alignment Model is a way of thinking about the financial decisions we made and making sure that they are consistent with what’s most important to us or a particular client situation. And one of the exercises that we learned through… Read More
