skip to Main Content

Friday’s Random Thoughts #7

Hard is overrated It bugs me when I see an unkempt guy in shorts and a T shirt sorting the mail in my office building. But he is my mailman. If he had a uniform, no problem. Why can't US postal delivery persons wear a uniform? Why did casual Friday extend to casual everyday for the USPS? The FedEx and UPS guys have uniforms. Certain jobs should have uniforms - police, firemen,…

Read More

Clark v Rameker – Protecting IRAs

In June, the US Supreme Court ruled in Clark v. Rameker that inherited IRAs will not be protected in bankruptcy. Here is a brief summary of the case: Mom established IRA in 2000 and named her daughter as beneficiary. Mom died in 2001. In 2010, daughter and her husband filed for bankruptcy and tried to exempt daughter's inherited IRA, worth $300,000, from the bankruptcy estate. The US Supreme Court, in a rare…

Read More

Starting a Business

If you are ready to start a business, congratulations, you are on the road to one of the purest forms of American freedom. But you must know it will not be easy. It is fraught with challenges. But it will give you freedom, the freedom to determine how to structure your life. One of the basic issues you must sort out is how to organize your business. The main options are 1)…

Read More

Friday’s Random Thoughts #6

Happy people have one thing non-happy people don't have: faith. It makes life simple and makes life hopeful. Families with good relationships make estate planning easy. Easy is underrated. The Giants are undefeated since the All-Star game and are outscoring their opponent 9 to 1. Best Headline of the Year - Hey, Miss Idaho, Is That an Insulin Pump on Your Bikini? Sierra Sandison, age 20, was diagnosed with Type 1 diabetes…

Read More

Don’t Own Your Son’s House

I recently ran across a case which might hit home to those of you who have helped or want to help your child buy a house. Son did not have the downpayment or the credit to buy a home, so mom bought a home for him. Their understanding was that it was son's home. Son made all the mortgage payments and paid the property taxes, and he was paying mom back on…

Read More

Say “No”

Are you struggling to get to that tipping point that will get you and your small business to that next level? Shane Parrish has an answer for you, and it's almost too simple. The difference between successful people and very successful people is that very successful people say 'no' to almost everything. Warren Buffett Parrish sites Jim Collins, author of Good to Great and Great by Choice, who suggests business owners imagine this scenario:…

Read More

Friday’s Random Thoughts #5

39 years later, Willie Nelson's Red Haired Stranger is one of the best albums of all time. He has a bad voice, plays the guitar in a clunky off beat manner, but he tells a story, simple, raw, so unique and beautiful. No one sounds like Willie. He left the corporate country music machine of Nashville to Austin for freedom to make music his way. His solo career really began in the…

Read More
Load More
Back To Top