Perhaps the most important thing to know about finance is what are the unintended consequences of a proposed course of action. Unfortunately, these are very rarely discussed. What is discussed, rather, are over-simplified, numerical projections often with faulty inputs to boot. Then, armed with this false information, the consumer draws erroneous conclusions…often with devastating results. (Continued)
At the risk of being misconstrued, I will be short and to the point in this blog: There are no quick fixes to the problems plaguing our society, its government or our economic system. Just as the sky did not fall in the morning after we re-elected the one who is arguably the worst president (Continued)
Recently a client (and good friend) posed a question to me after hearing a sermon preached on the gospel story of the rich, young man, where Christ tells this man to “go, sell what you have and come follow me.” One of my friend’s questions was this: Am I not supposed to save, but (Continued)
For this month’s blog, I am going to use an excerpt from the book, Money! Questions and Answers by Fr. Charles Coughlin circa 1935. Chapter VI of this book, Effects of a Dishonest Money System, offers 15 rather chilling prophecies when looked at with the benefit of 75+ years of hindsight. And while Fr. Coughlin (Continued)