Why that $3 Billion Figure for Wasted Cancer Drugs is Wrong
There is a story making its way around the internet about the supposed waste of high tech cancer drugs each year. A new study published Monday by a research team at New York’s Sloan Kettering Cancer Center, estimates the drugs left over after patients receive a cancer treatment to be worth $3 Billion The problem with the study is the […]
Weatherman
If you live on the east coast, rain is a regular occurrence and the weatherman’s ability to predict the precipitation is infamously fickle. There is a generations long joke about the weatherman getting it wrong. It seems the stock market works much the same way and analysts are just as woefully unable to predict its […]
Breaking the Credit Card Habit
One of the most insidious problems I often face with clients is the use or rather misuse of credit cards. Swiping a card doesn’t feel as painful as spending your hard earned paycheck, but it should be. The road to credit card abuse starts like this: “I’ll have the money next month” which turns […]
ABCs Of Reverse Mortgages
Reverse mortgages have been around for decades but their popularity remains low. The primary reason seems to be home owner’s reluctance to take any chance when it comes to their home. Reverse mortgages are also confusing, complex, and expensive, making them an option of last resort in the minds of homeowners. A reverse mortgage is like a home […]
The Hero or the Goat?
When choosing investments all of us sometime fall into the “halo” effect trap. Apple has been strong so let’s get some of that. Netflix is a big winner I’ll take some of that too. We see recent performance in the financial press and have a FOMO moment. But that is not the way to […]
Leap Day!
February 29, Leap Day. We all get an extra day, so what will you do with yours? Leap at an opportunity? Leap for joy? Leap frog the competition? I like the word leap. It even sounds like action. Maybe this leap day is the day you start taking action on something that will improve […]
Optimism
Believing that things will get better or that tomorrow will be a better day is at the heart of optimism. If you look back on history, there have been many times to try the optimist’s soul. The Dark Ages, the Black Plague, WW I and WW II, the Great Depression, the Great Recession. But at […]
Pushing A String
You know you can’t push a string. If you try you just end up with a jumbled mess. That’s why it is so hard to thread a needle, you have to push. If you need to move a string it works best if you pull it. That’s how it is with financial matters. I can’t […]
You Only Need to Succeed Today
Trying to reach your long term financial goals can be a bit overwhelming at times. Sticking to your budget can be onerous. Do your long-term goals include action you can take today? If they don’t, then you’re probably not going to get there. If they do, then that’s the only thing you really need to […]
Awareness
A lot of the problems I see when working with clients on a financial plans stem from a very simple lack of awareness. We are not aware of how much money we spend each day, each week, each month. We are not aware of what we should do each day to reach our short term […]
