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“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.”Albert Schweitzer
Market Updates and Economic Monitor
. . . What I Learned Losing A Million Dollars by Jim Paul and Brendan Moynihan
I ain't got time to take no fast train
Oh, the lonely days are gone
I'm coming home
Oh, my baby she wrote me a letter"
. . . The Box Tops: The Letter
. . . Peter Bernstein, author, historian, economist (2001)
Why You Need a ‘Business Plan’ for Your Family
When business owners start a new venture or seek out funding, they always create a detailed business plan first. But chances are, most parents have never once thought about creating a similar type of plan for their most important asset: their families.
The Value of Multigenerational Family Meetings
If you’ve amassed sizable wealth, or are on the right path and getting there, it may be time to consider how to pass on some of that money to children and grandchildren—without creating big problems that could harm their futures and destroy family harmony.
The fact is, family wealth—how it’s managed, transferred and used—can generate major drama among family members. As wealth grows, so does the potential for that money to foment conflicts and bad financial decisions that can reduce a family’s financial position and even ruin intra-family relationships forever.
The Importance of Personal Umbrella Policies
What would happen if you or your child caused a car accident that resulted in serious injuries or the deaths of others?
How would you pay for the treatment and damages of someone who was hurt in your home and claimed negligence? What happens when they claim to have suffered greatly because of the injury?
What if your dog was attacked by a stranger on your property and bit the person in self-defense—but you were still sued?
The first television spot of the “Tales of Financial Pragmatism” campaign for Raymond James, entitled “The Woman Who Lived Longer Than Any Person Who Has Ever Lived,” tells the story of fastidious librarian Emily Skinner who, at the age of 187, still enjoys life to the fullest thanks to careful planning with her Raymond James financial advisor.
Brilliantly practical scientist Harriet Tuttle’s tireless search for a more efficient life concluded with the most unorthodox solution. Harriet created four more Harriets. Together, they were a model of efficiency, accomplishing any number of tasks each day. However, while they looked identical, they were actually quite different.