This is the time of year when I really enjoy hearing stories about people’s summer vacation experiences. Here are some of my favorites from this year: An “Airbnb Experience” in Lisbon, Portugal where a local photographer took the family around town for a family photo shoot. A visit to an active volcano in Guatemala where the family was able to roast marshmallows over the hot lava. A beautiful summer afternoon… Read More
The Master’s Minute – Finding Focus
I am currently reading The Effective Executive by Peter Drucker. Drucker has consulted with executives in the largest companies in the world, and his initial insight on their routines surprised me. According to Drucker, the most effective executives have mastered the art of focus. They spend most of their time on just one project or idea for months at a time! Imagine all the demands on an executive’s time, how… Read More
The Master’s Minute – Fastening of Seatbelts Recommended
When our grandkids hop into our vehicle, they know that Pop Pop or Grammy isn’t going to start driving until we hear the “clicks” of their seatbelts being fastened. It’s our safety policy to protect against the unknown. In investing, there are times when “wearing your seatbelt” is also a good idea. We believe this may be one of those times. Recently, the markets have shown signs of being more… Read More
The Master’s Minute – Goals, Where to Start?
This is a loaded question, and one that many of us don’t have the answer to! I was recently talking with a CPA friend of mine who wanted to refer us a client. However, he was nervous about making the referral because he knew the potential client had no clue what his goals were or what they should be. This person didn’t even know where to start, so he didn’t… Read More
The Master’s Minute – Our Words are Powerful
During the Wimbledon Tennis Tournament last month, 15-year old Coco Gauff captivated the tennis world by beating her tennis hero, Venus Williams, in the first round and then advancing to the fourth round of the tournament before being defeated. In an interview after one of her matches, she elaborated on the significance of her dad’s words in her early days of playing tennis. He told her that she could be… Read More
The Master’s Minute – Zero to Zero
What starts with zero, ends with zero, and may be positive or negative in between? That’s right! A person’s net worth. One man humorously described his negative net worth this way: “I came into this world with nothing, and I have most of it left.” Hopefully, your net worth is not like his! We have our net worth for a finite amount of time, like a line segment that has… Read More
The Master’s Minute – Give to Get
Last weekend I was at a party and got into a conversation with another guest while the host was grilling hamburgers and hot dogs. She was describing how amazing the Big Green Egg smoker was. Put pork shoulder in the Big Green Egg overnight and it just fell off the bone. Later in the evening, I was having another conversation about airplane travel, and this person was adamant that the… Read More
The Master’s Minute – Opposites Attract
They say ‘opposites attract’ when it comes to relationships. Those of us who are married see this in many good ways every day, but it also poses a few challenges from time to time. Charlie and I were recently reviewing a detailed and involved retirement income plan for a couple. As we talked through the plan, it was clear that one of the spouses was much more interested in the… Read More
The Master’s Minute – Decide Quickly!
On our recent family vacation to the Canadian Rockies, we arrived in Banff around 3:00 in the afternoon. One of the places we wanted to visit during our time in Banff was Lake Louise. After checking into our hotel, we headed to the visitor center where we were told that the best times to get prime parking at Lake Louise were 7:30 in the morning and during the evening hours…. Read More
