The Master’s Minute

This week, we are again highlighting a sketch from Carl Richard’s book The Behavior Gap. The power of Carl’s sketches comes from his ability to identify a simple truth about money using an elementary illustration. The premise of this illustration is how to accumulate significant wealth over a lifetime. In other words, why do some people accumulate money rather easily and for others it’s an ongoing struggle? We might initially… Read More

In today’s blog we will explore another sketch from Carl Richards’ book titled, The Behavior Gap. This particular sketch is framed in our large conference room because it is so completely aligned with the way the team at Master’s views financial planning. Allow me to explain further. Friends, we don’t believe the end goal of investing and financial planning should be to see how large of a money pile you… Read More

If you recognize the illustration above, you have a good memory of the small front conference room in our office, as it is framed there. This sketch is from one of our favorite books on financial advice: The Behavior Gap by Carl Richards. Over the next few weeks, we will be focusing on a few of Carl’s sketches that illustrate various concepts on financial planning. The idea of “Real Financial… Read More

My wife, Krista, and I are enjoying the Summer Olympics. One of the things that captivates me about the Olympic games is seeing the top athletes in the world competing in a sport they have devoted most of their life to. While each athlete is gifted with natural ability, every one of them is fully dedicated to a rigorous training schedule. Here is what I know about physical training: it… Read More

I recently had the opportunity to help my parents work through some significant life decisions. As I have taken some time to reflect on that experience, I identified five tips that could be beneficial to anyone helping a parent or an older adult make a decision. Don’t wait to be asked – It could be tempting to stay out of their business until you are invited to get involved. This… Read More

I was recently having a conversation with a local business leader about Bitcoin and “Meme Stocks”, two topics that have been in the financial news a lot in the past year. He posed the following question to me: What do you think about these investments? My response to this question was to dig a little deeper with the following questions: What role will the money in question play in your… Read More

Earlier this year, I planned two vacation getaways. As you might expect, I needed to find lodging accommodations and started the process by perusing several websites for suitable arrangements. My preliminary search consisted of simply looking at pictures of places that met my minimum accommodation requirements (bedrooms, bathrooms, etc.). From the places I found attractive, I read the detailed website descriptions and a few reviews from guests that have recently… Read More

Are you a bit curious what these three things have in common? Today, we are going to discuss current trends and cycles of various markets. You probably know someone who is either selling, or hoping to buy, a house right now. Home prices have exploded due to super-low interest rates, high buyer demand, and a historically low supply of homes for sale on the market. It is a fantastic time… Read More

As a young child, my mother would take me to Hershey Park once each summer. There were many rides that I really enjoyed, and the Twin Turnpike was one of them. For those who are not familiar with this ride, it is a track shaped like a dog leg with two roads which are laid out parallel to each other. There were two types of gas-powered cars you could drive…. Read More