The Power to Choose

The following blog post was originally published on in February 2013. If you are unfamiliar, Coach-Ed is a cystic fibrosis charity that I helped to launch in memory of a great friend, Edward Sayer, and served as one of the original board members for three years.


Edward and I had a number of things in common, as any good friends do. Right now, two particular items come to mind: doing things that we don’t necessarily WANT to do and our birthdays, just 3 days apart (except for leap years!).

The first may seem puzzling but it is much simpler than you might expect. When you break it down to only doing the things that you WANT to do, cystic fibrosis surely wouldn’t make the cut. After all, nobody actually WANTS cystic fibrosis in the first place. Edward and all the others living with CF Read More

Income Diversity & Why You Need It

Nearly every financial planner on the planet will say you have to diversify your portfolio. Sounds like great advice, right? Spread out your investments to reduce your risk. You will often hear “Its the safest way to a good retirement!” and lots of other similar phrases that they have committed to memory and keep ready at the tip of their tongue. But to make money, you often have to
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Timely Resolutions

resolutions on post itsCongratulations!  You set 37 resolutions for the New Year. By January 15th, (my anniversary!) you probably forgot you even set those lofty goals.  “What resolutions?  I never said I’d stop drinking soda!”  “Lose how much weight?!  Eh…there’s always next year.”  True, there is always next year.  But after five years of trying to lose that extra 15 pounds, it might be a good time to stop delaying until next year and focus on “the now.”

Maybe you’re the exact opposite and didn’t set enough resolutions. I hope that this is more common than having a lackluster start to the year.  If you decided that 2013 is your year and you’re absolutely crushing your resolutions, which I hope you are, then you owe it to yourself to Read More

Why Jimmy Buffett Should Be Your Business Idol

Jimmy Buffett should be your business idol & inspiration.

Don’t like his music?  Doesn’t quite matter much.

jimmy buffettIf you have never been to a concert featuring Jimmy Buffett and the Coral Reefers, you simply don’t know what you’re missing.  His popularity, and that of his fans, has increased so much that his most loyal fans even have their own name.  These dedicated fans, a.k.a. Parrotheads, love ALL things Buffett.

Let’s face it…Jimmy isn’t going to have many albums go double platinum or make it to the top of the charts.  He surely doesn’t have a voice that compares to Whitney but the simple fact is that Read More

Who Will Bail You Out?

No one.

That is the simple and hard truth.  Most people do not want to deal with this kind of responsibility anymore so they look for the jobs (largely found in disastrously run government offices) that guarantee to care for them until their dying day.

While the PIGS (Portugal, Italy, Greece & Spain) struggle to come to terms with their financial reality, that is the most basic financial principal that you need to keep in mind.  No one will bail you out.  Everything else can (and should!) be built upon that core understanding.  As the homeless father turned multimillionaire Wall Street executive and author Chris Gardner explains, “the cavalry ain’t coming.”  There are no taxpayers that will come to rescue you out of your poor financial decisions.    The trouble here, is that the government does have taxpayers and other countries that don’t want to see them struggle.

Greece was first to get a bailout from Germany and its safe to say that it didn’t go very well.  Citizens started protesting and rioting because the government had to cut back on their lifestyle that they haven’t been able to afford for years.  “The numbers don’t matter…Pay me!”  Their newly elected leaders are going back to Germany & the European Union to restructure the terms of the bailout already.  It hasn’t even been six months!

Next up?  Spain.  Their ratio of debt to their GDP output is 68%.  The good news is that this is less than Greece’s number, which was up near 140%.  The bad news is that the United States’s debt to GDP ratio is 102%.  Despite the obviously concerning numbers, our government seems incapable of cutting costs, just like Greece and Spain.  No worries though…the higher ratio is A-OK because the U.S. controls that value of that currency and we can just print more money.  Stellar system.  Really.

So, bringing it all back, unless you have your own taxpayers or are daring enough to print more money, no one is bailing you out.  Aside from your family, no one really cares if you’re in financial trouble because that’s life.  The sooner you come to terms with having to live life without a cavalry coming to save you, the better off you will be.  Any strategy that helps a man go from homeless on the street to head honcho on Wall Street is probably worth applying to your life.

You Don’t Even Have to be a Teenager to Succeed on Wall St.

While the Occupy Wall Street crowd complains about how they don’t get enough handouts, it is reassuring to know that there are kids in NYC who are making it happen on their own.

Quick facts about this young Buffett:

Is Your Citizenship a Good Business Move?

People flee their countries for safety, opportunity, avoidance of persecution, rape and even genocide.  I am fortunate enough that the U. S. of A. is not one of those countries.  We have our own problems but not like that.  You could have a line from New Mexico to New York of people who would accept instant citizenship Read More

Be The Central Park of Your Industry

Sunday, May 20th was an absolutely perfect day in Manhattan. I mean P-E-R-F-E-C-T. In trying to be better with my regular workouts, the obvious question for the day was which park do I want to run in?

Carl Schurz Park is 2 blocks away.
Central Park is Read More

3 Reasons To Like St. Patrick’s Day

Don’t worry. I get it. The loud crowds, the drunken hooligans…the amateur partiers who
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What Is Normal?

It sounds like an easy question, right?  “What is normal?”

Sometimes you need to take a step back and re-analyze things in your life.  When I found this quote, I did exactly that.

“Normal is getting dressed in clothes that Read More